We are an India based mid size software company . We get most of our revenue through overseas projects. Money wired directly to our account in USD or EURO is export earnings and is not liable for service tax.
But many of our bills are small services in the range of $50-$500 . Clients prefer paying these through paypal.com. Through paypal the payment gets transferred to our account in INR which makes us pay service tax (it is not recognized as export earnings)
Is there a way to claim export benefit on such payment. Or is there a way wherein we can claim service tax off set. Any advise Thanks
CAclubindia
