The ICAI proudly acknowledges professional achievements of its members in Entrepreneurship and Public Service. ICAI has a special committee, the “Committee for Members in Entrepreneurship & Public Services” to recognize their contribution to the economy as a whole and factor in their vision and perspectives in the work program of ICAI.
ICAI looks forward to interacting with these persons of eminence from time to time at various platforms and would also like to work with them and provide any support that they may wish to have from ICAI membership at large.
The Committee is compiling a database of ICAI Members who have established themselves as successful Entrepreneurs or are engaged in Public Services such as Public Servants i.e. MP/MLA, those associated with Constitutional Authority i.e. Judiciary/Appellate Tribunal, working with Regulatory bodies i.e. SEBI, RBI, IRDA etc, are Civil Servants/serving Central or State Government, Members of Local Bodies, etc.
Do send in the details of any such member known to you giving name, current designation and contact details to Mr Mudit Vashishtha, Secretary to the Committee at e-mail: cmeps@icai.in.
Dear Sir / Madam,
I shall feel highly obliged for your please clarifying as follows:
Applicability of Service Tax in case of Indian Resident Individual (self employed) providing services to a 3rd Country’s manufacturing Company (Seller) for sale (business promotion) of their Machines to Buyers in India. Against one such Contract between Seller and Buyer the Commission / Fee received from Seller is in Foreign Exchange of Euros 19,200 (about 13 lacs INR) received/credited to my Bank on April 20 2012. Basic Understanding way back was my appointment as Distributor in India with remuneration as Commission. I am not yet registered for Service Tax. If applicable then when am I (what amount as a senior citizen) supposed to deposit the same after completing ST formalities?
Thanks and with best of regards
Rajinder Batra
175 Cariappa Marg
Khirkee Extn Cly., M B Rd.
New delhi – 110062
919312719998