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TDS and Service Tax

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?

tds service-tax foreign-country

asked Aug 23 '11 at 19:37 by andromeda86 1●2●3●2

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One Answer:

oldest newest most voted

The above is a case of Import of Service from abroad and thus no Service Tax is liable to be paid...

answered Feb 03 '12 at 01:08 by CA Karan Batra 532●1●6

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tds ×48
service-tax ×10
foreign-country ×2

Asked: Aug 23 '11 at 19:37

Seen: 2,294 times

Last updated: Feb 03 '12 at 01:08

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