Export services
This query is : Resolved
09 June 2017
Situation: A partnership firm providing IT services to clients located outside India and receives income through foreign curreny . Export income is above 10 lakhs, Domestic income- less than 10 lakhs. First year of its operation.
Query:1) Is service tax is applicable?
2)Is there any exemption for export services?
3) Is local sales taxable ?
Query:1) Is service tax is applicable?
2)Is there any exemption for export services?
3) Is local sales taxable ?
09 June 2017
1 Service tax not applicable.
2 Export of service is exempted.
3 Local sales taxable only if it exceeds 10 lacs.
2 Export of service is exempted.
3 Local sales taxable only if it exceeds 10 lacs.
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