Hello Everyone,
Can someone please explain all Tax/Law issues for Freelancers who export services to outside india
Qn 1) Should Freenlancers pay 10.3% service tax,?
I read at many places,like since service is consumed outside india,for such stuffs is exempted from service tax.
Qn2)Should Freenlancers take IEC code, (Import Export code)
Qn3)If Yes for Qn2) For Taking IEC code, service category,You need to register with Service Tax Dept.etc,So,We need to register even if we arent paying Service tax?
Qn4)If answer is YES for qn 1) (ie Freelancers who export service and recieven money in non-indian currency),should pay service tax,,is it only applicable when revenue cross 10 lac limit
Qn5), Service Tac, (in general,not only for export),is to be paid when revenue cross 10 lac / year
So, suppose we get 12 lac/year...should i pay (12-10)lac 's 10.3% or 10.3% of 12.,
I am new here,with hope that someone will help.
I know this question might have repeatedly asked before,but i think if someone can answer,full set of answers,would be useful for someone who visit this page using google search.
Thanks
Mohith
CAclubindia
