The Company's entire turnover of service in FY 12-13 was exports. It has exported service in FY 13-14 till date. It has also provided service to Indian companies this FY 13-14 and the local turnver is less than 10 lakhs till now. Should service tax be charged on local invoices. ?
Regards,
The turnover of Rs 10 lakhs must be from the taxable services provided in the previous year and as per Sec 66B export of services is not taxable on satisfying certain conditions.
O P Bagla & Co LLP
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CA Inter
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CAclubindia
