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TMI BlogDEPOSIT OF SERVICE TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... ABC Pvt. Ltd. a company registered in India want to pay ₹ 600000/- to a company in Mauritus for professional services rendered by it towards formation of a new company, appointment of directors, company secretary. Query is: Whether ABC is required to deposit service tax on recipient basis. If yes, at what rate. - Reply By kulwant singh khalsa - The Reply = you need to pay @12.36 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % further there are no abatement or exemption - Reply By Pradeep Khatri - The Reply = Dear S.C.Wadhwa, Under Rule 3 of the POPS read with Notification No. 30/2012-ST/20-06-2012 w.e.f. 01-07-2012 as amended from time to time, you are under obligation to pay service tax @ 12.36% on the gross value of the amount which is required to be paid to your counter part. Further, there is no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... abatement or exemption is associated with this notification. This service tax amount is required to be paid through e-payment in cash(GAR-7 challan). Further, you may also avail the CENVAT credit after following the prescribed provisions of the CENVAT credit Rules, 2004. Regards, YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By Naveed S - The Reply = Yes, deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the service tax at 12.36% and thereafter avail cenvat credit for the tax paid. - DEPOSIT OF SERVICE TAX - Query Started By: - S.C. WADHWA Dated:- 7-9-2014 Service Tax - Got 3 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
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