Receipt in Foreign Exchange

1146 views 1 replies

M/S A (Indian private limited co.) doing repairs and maintenance service in India.

 

Also the company A on behalf of M/S F (Foreign Co. having no permanent establishment in India) does

a) Installation and after sales service i.e. repairs and maintenance (of product supply by M/S F) during warranty period in India

b) Marketing their products in India and received sales commission.

 

Billing for these services are done to M/S F and payment is received in convertible foreign exchange.

 

Whether service tax is applicable or it is exempted Export Services?

Replies (1)

Dear Bimal ,

To Identify Whether Service Tax is Applicable on this Service check the Exim Category of the Service and Consider what is the basis for Claiming Exemption for Export Services.

Generally therecan be two Basis!

1) The Person to whom service is Provided - If your Service Falls Here - Then This Service is Exempt being Export of Service.

2) The place at which Service is Provided - If your Service Falls Here - Then This Service is Taxable.

Hope That Solves your Query!

Regards

Ankit Gulgulia


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details