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TMI BlogImport of serviceX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, I am receiving import of service and i have paid invoice value to service provider and tax treatment is 1. I have paid With holding tax as per schedule rates (income tax) that is my expenses. i have not issue any certificate to service provider . 2. I have paid a service tax in Reverse charge i have paid service tax only Invoice value. at the time of calculation i have not consid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er with holding tax amount my practice is correct or not should i consider grossing up amount with holding tax (Income tax) give your best opinion Best regards Nitin Deshmukh - Reply By Rajesh Nathoo - The Reply = Dear Mr. Nitin , I think u are speaking of TDS paid by u on the income earned by your foreign service provider . If this is case you have to include this amount in gross valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for discharging ur ST liability . Basic logic being that if Service Provider would have discharged his ST liability directly , he would have included this amount in gross value . So service receipient is liable to follow follow the same rule . - Reply By sreemannarayana B - The Reply = As per Section 67, the value of any service shall be the gross amount charged by the service provider for su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch service render by him. Therefore, Service tax is payable on gross amount including TDS. - Import of service - Query Started By: - nitin deshmukh Dated:- 8-1-2014 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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