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TMI Blogservice tax (reverse charge)X X X X Extracts X X X X X X X X Extracts X X X X ..... service tax (reverse charge) X X X X Extracts X X X X X X X X Extracts X X X X ..... f yes how much? What will by the position if we buy this in personal name? Reply By Rajagopalan Ranganathan: The Reply: Dear Mr. Kamal, You have to pay service tax @ 12.36% on the amount payable by you. Even if you by in personal name, the person who purchase the domain name is liable to pay service tax at the above mentioned rate. If a business entity pays the service tax it is eligi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble to take credit of the service tax paid. Reply By Naveed S: The Reply: Yes sir, you shall have to pay full service tax, either you buy it in company's name or on personal name, as explained above. Reply By kamal mall: The Reply: Thanks sir.but dont u think this is a purchase transaction and will be treated as business transaction. And if this is purchase then shoukd not be taxed under s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervice tax. Reply By Naveed S: The Reply: Sir, You need to be clear about the word "buying" of domain names. This looks like a transaction in intellectual property rights, and the terms of the transaction will determine whether it is liable to service tax in India (as recipient of service) or not. Further, the word Domain is a very vast word in itself, and needs to be interpreted in d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ifferent ways for different transactions.
Since above details are not being clearly provided therefore i would like not to comment on the issue. X X X X Extracts X X X X X X X X Extracts X X X X
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