an assesse which is a commission agent, registered under Business Auxiliary services is developing market and clients in INDIA for foreign companies as well Indian companies. to the extent of commission recieved in Indian rupees the assessee is paying service tax but not on the foreign commission recieved in convertible foreign exchange citing Export services rules,2006 as the money is not expatriated back. Is it correct in view of the fact that the service is being actually rendered in India. kindly guide me. I am really elated to have such a enlightened camraderie of Auditors.thanks CAclub.
kindly reply soon,
shiv shankar Ghosh, CISA
CAclubindia
