A product is sold by a foreign company (A) to an Indian comapany (B). In between, there is another Indian company (C) who provides the liason and gets paid a commission in Foreign Freely Convertible Currency from (A). Apart from this, (C) also has local sales of that product.
Will the foregin income be taxable at the hands of Service Tax, or is it exempt under Export of Services.
Appreciate your responses!
CAclubindia
