India Has Decided To Impose Service Tax on NRI Remittances. So NAPA Tears And Urges Its Immediate Withdrawal
Indian Diaspora is upset over India’s decision to impose service tax on their remittances.
Satnam Singh Chahal executive director Of North American Punjabi Association (NAPA) said that it is surprising that when many countries are offering incentives for legal fund transfer, India is imposing tax on NRI remittance to India and this tax will not only discourage to India Diaspora for sending the money to India but also this move of the Indian government could affect the low-paid NRIs badly as financial institutions will not bear the imposed extra costs.
Even though NRIs are not directly taxed, indirectly it will affect us as the Indian banks and other intermediaries will increase their fees. To cover the increased costs, outside banks, agents and money exchanges will increase the chargeable fee/commission to NRIs.Said Chahal.
Chahal. added. In case any fee or conversion charges are levied for sending such money, they are also not liable to service tax as the person sending the money and the company conducting the remittance is located outside India. In terms of the Place of Provision of Services Rules, 2012, such services are deemed to be provided outside India and thus not liable to service tax,” the agency had said in a circular dated July 10, 2012..NAPA demanded immediately withdrawal of more tax on NRI remittance
Tag: Satnam Singh Chahal Executive Director North American Punjabi Association (NAPA)
NAPA Tears Imposition Of More Tax on NRI Remittance, And Urges Its Withdrawal
Simplify the Process to Get Visa For N R I’s And Remove The Extra Burden Of 70$ :NAPA
NAPA urged Indian Government to simplify the process to get OCI/PIO and Visa For N R Is And Remove The Extra Burden Of 70 $
In a letter sent to all MP from Punjab and Mrs Sushma Swaraj External affair Minister, Satnam Singh Chahal Executive Director North American Punjabi Association (NAPA) said that Indian Consulates started charging $20 for Surrender Certificate.From NRIs which is made mandatory for those who were applying Visa/OCI/POI services. Chahal said that NRI, who became citizen Of other country, after June 2010 have to pay $175 for this Surrender Certificate. Now these services are provided by Out Sourcing agencies who charge extra $20 for their services plus $50 for FedEx or delivery charges.
He also disclosed that any NRI who not applied within three years for this certificate will have to pay penalty of $250 plus. Many Indian born people don’t know how to apply online for these services and have to pay $100-500 to the agents for this Certificate. Chahal urged that the External affair Minister and all members of Parliament to raise the issue as the parliament session is going on.
These kinds of hurdles should be removed for those NRI ‘S who are getting OCI/VISA etc for which this should the condition of Surrender Certificate to get VISA/OCI.Chahal also requested to Government of India to simplify the process for getting the OCI /PIO cards and VISA for India
When any NRI becomes Citizen of any other country he/she apply for Visa/OCI/POI from Indian Consulate of his/her jurisdiction of residence to visit India. Then the applicant need to produce several documents to get this which are mandatory Five years back when someone applies for these services his Indian passport was cancelled and Indian Citizenship was surrendered without any charge. In 2009 Indian External Affairs Ministry found a new way to harass NRI’s & make money by Introducing Surrender Certificate.
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