Service tax on export of service
This query is : Resolved
26 July 2011
Hello
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.
Any help regarding this is highly appreciated.
Thanks
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.
Any help regarding this is highly appreciated.
Thanks
27 July 2011
U need to answer two queries:-
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.
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.
27 July 2011
Hello
1) My services is being used outside india
2) I get all remittance in dollar.
Thanks
1) My services is being used outside india
2) I get all remittance in dollar.
Thanks
28 July 2011
You need not pay any Service Tax as developed software is being exported out of India and proceeds are received in foreign currency.
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