IMPORT OF SERVICES

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  1. k sreeenu

    k sreeenu New Member

    My query relates to ( WE ARE IN OIL & GAS INDUSTRY A CONTRACT AWARDED TO FOREIGN PARTY TO DO WELL SERVICES IN INDIA THEY ARE HAVING PAN AND SERVICE TAX REGISTRATION IN INDIA BUT PAYMENT IS DONE IN USD AND TRANSFERRED TO CANADA NOW CAN WE KNOW THAT WHETHER SERVICE TAX IS TO BE PAYABLE TO THE PARTY SINCE THY HAVE REGISTRATION IN INDIA OR ITS TO BE RECOVERED UNDER REVERSE CHARGE MECHANISM AND TO BE DEPOSITED THE SAME BY THE SERVICES RECEIVER
     
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