service tax (reverse charge)

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..... Dear Sir, We (company) are planning to buy domain name name from a USA based company situated in USA only for $ 20000 (12 lacs Rs.). This payment will make in foreign currency. Whether this amount liable for Service Tax in India and if 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 .....

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..... 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 eligible 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 .....

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..... 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 service tax. - Reply By Naveed S - The Reply = Sir, You need to be clear about the word buying of domain names. This looks like a transac .....

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..... tion 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 different ways for different transactions. Since above details are not being clearly provided therefore i would like not to comment on the issue .....

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..... . - service tax (reverse charge) - Query Started By: - kamal mall Dated:- 1-12-2014 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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