Export of services
Querist : Anonymous
I would like to know the service tax applicability in the following case:
Service is a software development
Service provider is termed as a 'Consultant' in the contract
Service is provided outside India.
Service recipient is a foreign company.
As per the contract, payment is made in INR by the foreign company.
Total payment will be made by the company is Rs.10.16 lakh during the year as consultancy fees.
The contract explicitly mentions that the taxes pertaining to India has to be taken care of by the service provider. Hence, service tax has to be adjusted in consultant fees. Therefore,the consultancy fees excluding service tax comes to Rs.9 lakh.
I would like to know whether this is termed as export of services? The payment comes from outside India though mentioned in INR in contract. Please guide.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
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