I am leading a team of 4 software developers and we work for US based companies only. My annual receipt is approx 20lacs. All the remittance is in dollar. I have few queries regarding service tax.
- I am not sure if i am liable for service tax. As far I know The export of service does not comes under service tax.. - If I am liable to pay service tax. How much service tax will be applicable for my service.
1) Where are the services that U are providing are being used? i.e the place of consumption of your service. If it is outside India, It will amount to Export of Services and U need to pay service tax as it is exempt.
2) Whether all receipts are in Forex? If Yes, it amounts to exports and hence it is exempt from service tax.
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