Dear Friends,
My Name is Kumar and I am very glad to be a member in CA Club India.
This is my first post in this forum, I request experts and professionals please clarify my query. I am a Fiance Incharge in a Small Software Company ,we have Export and Domestic Professional serives as well. we have been charged service tax on consultancy and other services by our vendors. Till now we have not taken the service tax input credit and we are paying what we are charing fro our clients though we have seizable input credit.
From this Fiancial Year onwards we would like to take the service tax input credit on our professional services and blance would be paid to Goverment. In this context we were told that if company having Exprot services with addtion to Domestic servies and wanted to take the Service tax input credit then company has to pay @ 6% ST on Exprot Services.
In view of the above I request all experts and seniros, please clarify my query whether we have to pay 6% service tax on our Export services, if we wanted to take the Input credit ?
an early reeply in this regard would be highly appreciated.
Best Regards,
Kumar
CAclubindia
