I am a Software Professional providing software consulting services from India to a Foreign Company. I provide my services(consultancy and software development) over internet from my home and hence and I am physically present in India. I get paid consulting fees in the name of my Sole Propreitorship Business in foreign currency.
1) Since this service is being provided to a foreign company, will it be exempt from Service Tax?. It used to be exempted according to 2005 notification, has this changed due recent changes to service tax rule and declaration of negative list of services
2) Do I need to register for Service Tax and get a ST number? Note: My income is more than 10 lacs per year.
Thanks in advance for your help.
CAclubindia
