Exemption from service tax
NAGARAJAN C S (PARTNER) (28 Points)
16 February 2016NAGARAJAN C S (PARTNER) (28 Points)
16 February 2016
Govind Shah
(CA Final)
(75 Points)
Replied 16 February 2016
No Y pvt ltd cannot claim exemption even though it receives payment in convertible foreign currency as it is selling the software to X ltd which is india hence pop in india and taxable. Benefit will be given to only one company which exports the software.
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