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
Click here to login now
Similar Resolved Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Relief u/s Section 89
- Rent lease agreement
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
