banner_ad

Is export of services exempted from service tax?

Queries 214 views 3 replies

Hi Experts,

I have a question, I'm resident of India and providing web development services outside India and raising invoice to the client in USD but when my client paid me the amount through his bank "Bank of America" he transfered in USD to my account, next day I got a NEFT in my account that was done by AXIS BANK in INR on clients name. He told me that AXIS BANK is the corrospondant bank of Bank of America in India. I would like to know that the payments I received is exempted from services tax in India?

This is all I want to know about. Really thankfull that you spent time on reading my question and replying the same.

Regards
Naren
 

Replies (3)
Yes, export of service is exempt from service tax. In your case money what you have received is exempt, but if the invoice value is more than 10lakh (INR) then you should get service tax registration.

I have already taken a service tax number, will this still exempt?

Yes, you have to declare that exempt service amount in ST return.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details