Export of Serice Rules, 2005
This query is : Resolved
25 June 2010
Sir,
If a company assessee has provided services outside India, & received commission from outside India. The company also has made import purchases from the same company from whom it is receving foreign commssion and adjusted the amount of purchases against the commssion income. i.e. not received the foriegn commssion income in convertible foreign exchange, then will it also be covered under the export of Service Rules, & will be exempt from Service Tax. Please Suggest.
If a company assessee has provided services outside India, & received commission from outside India. The company also has made import purchases from the same company from whom it is receving foreign commssion and adjusted the amount of purchases against the commssion income. i.e. not received the foriegn commssion income in convertible foreign exchange, then will it also be covered under the export of Service Rules, & will be exempt from Service Tax. Please Suggest.
CA.Hanumantha Reddy
(Expert)
28 June 2010
Yes, it is within the ambit of export of services. Since, the same would have been documentary proof.
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