Export service invoice raised but not paid within 1 year

796 views 2 replies

Friends

We exported services without payong output serviec tax in May 2011 in accordance with Rule 4 and Rule 3(1) of Export of Services Rules 2005 and raised export invoice on foreign client. Now the export proceeds have not come into India in convertible foreign exchange within 1 year from date of export ie May 2012.

Under such scenario are we liable to pay output serviec tax now as per Rule 7 of Point of Taxation Rules 2011 read with Rule 3(2) of Export of Services Rules, 2005.

Please enlighten.

Regards,

Replies (2)

Any service, which is taxable under clause (105) of section 65 of the Act, may be exported without payment of service tax. You can cancled the invoice also if you not received the payment.

Yes you are liable for service tax and export benefit on the invoice is not avalible as per the service tax circulars.

What Arun is stating is a work around way is not actually as per rules laid down

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details