forex services in india

By admin  

Forex Ambush 2.0 - 100% Accurate Artificial Intelligence Forex Trading Signals

Service Tax on services over Internet?

I am a startup providing technical training services to my client in US and get paid in forex. I provide technical training over internet to participants distributed in other countries . Is service tax applicable?

If some of the participants are attending training in India and others are overseas then what is the service tax applicability?

If all participnats are in India but training order is from US and remittance also from US, then what happens to service tax?

It must be emphasized that the absence of direct taxation of the Internet does not mean that all transactions taking place online are free of tax, or even that the Internet is free of all tax. In the United States, nearly all online transactions are subject to one form of tax or the other. The Internet Tax Freedom Act merely precludes states in the United States from imposing their sales tax, or any other kind of gross receipts tax, on certain online services. For example, a state may impose an income or franchise tax on the net income earned by the provider of online services, while the same state may be precluded from imposing its sales tax on the gross receipts of that provider. In addition, as noted above, the Internet Tax Freedom Act does not prevent taxation of the sale of goods through the Internet

E’Land Travels Inside India


Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Post a Comment

Your email is never shared. Required fields are marked *

*
*