Service tax
This query is : Resolved
P.A. FRANCIS
(Querist)
08 March 2012
we have exported some goods to foreign country, and received payment through bank, while foreign bank deducted bank charges.
shall we pay service tax on foreign bank charges which they have deducted from us, if yes, how many percentage & what will be the interest we have to pay ?
shall we pay service tax on foreign bank charges which they have deducted from us, if yes, how many percentage & what will be the interest we have to pay ?
rajula gurva reddy
(Expert)
11 March 2012
The services related to exports are exempted from payment of Service Tax.In case, Service Tax is paid by the Service Provider, the Service Receiver can claim refund of the same from the jurisdictional Service Tax authorities.
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