Import of Services in India from a foreign company:
Example:
Company XXX Ltd. located in England charge some management fees to a Indian Sub.company
charged amount £1'000.00 the service tax is 10.3 % £103.00 Total £1'103.00
Now I read in the internet, that the Indian company has to pay the service tax and the T.D.S
is this correct?
When it is correct, can the Indian company reclaim this amount from the gouverment?
or is the service tax and TDS lost?
