05 February 2011
I have a question :- I am working in logistics industry. I some case we bill taxable service to our overseas agent against which we receive payment in foreign currenty. in that bill we dont charge any service stax. for this service we takes other vendor service but they charge stax on their bill in our name. My question is :- 1) what is the treatmenat of inward s-tax (cenvat) which we give to local vendor. 2)Do we need to deposit the stax on export of service . I shall be obliged for your guidence
05 February 2011
you need not to pay service tax on export of taxable services. But for local services you have to charge and remit the same to service tax office if your taxable services exceeds Rs. 10 lacs
06 February 2011
your first query, i did not understand it well. Could you pls give me some more light in this matter. it mean to your giving services to your local vendor, if it so then you have to pay service tax on these services
CAclubindia
