Payment against exports received in inr
This query is : Resolved
23 January 2014
against exports, we have received one payment in INR in year 2011 through VOSTRO. will I have to pay service tax output on it ?
Ankit Varia
(Expert)
23 January 2014
After 2012, june it was made clear in the act that no service tax on such receipts is applicable.
But before that if one can justify that the receipts are purely export receipts, then service tax can be saved.
But before that if one can justify that the receipts are purely export receipts, then service tax can be saved.
23 January 2014
Payments against exports can be received in INR subject to certain conditions.
Not liable for service tax on export receipts.
Thanks!
Not liable for service tax on export receipts.
Thanks!
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