Dear All,
Service tax is to be paid on Imported service under Import Service Tax Rules.
Few Days back,there was announcement about its exemption and refund below mention.
can any one have update on the same??
As far my knowledge, Still notification of the same has not came.
pl update status if anyone knows about this
|
Exporters get service tax relief
NEW DELHI: In a move that pleased the industry no end but left a Rs 600-crore dent on the exchequer, government on Thursday decided to refund the service tax on all services that are used in export. Besides, services rendered abroad by Indian companies, but charged on exports from India, would also be exempt from payment of 12% tax. While the industry has been demanding a refund and exemption for many years, it is only now that exporters can hope to get a refund on the service tax that they pay for hiring customs agents, courier companies and insurance premium. But the details of the scheme are yet to be made public |
Thanks,
Darshan
CAclubindia
