export of service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2013
One of our client is providing Software Consultancy services in India and outside India as well and receives payment in foreign exchange.It is the first year after incorporation. The value of services provided is Rs.20 lacs during current year, out of which Rs.16 lacs is the value of exported services. Is it liable to pay service tax on balance of Rs. 4 lacs or being first year of service is it exempt from paying service tax as the value of taxable services provided in India does not exceed Rs. 10 lacs?
18 February 2013
You are under SSI exemption limit. No need to pay service tax upto the 10 lack service provided in India.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Multiple trade mark
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
