RAVI KUMAR GATIGANTI (sr mgr) (32 Points)
02 October 2010IF WE RECEIVE INCOME FROM A FOREIGN COMPANY TO AN INDIAN COMPANY FOR ENGINEERING SERVICES DO WE NEED TO PAY SERVICE TAX ON SUCH REMITTANCES
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 03 October 2010
| Originally posted by : RAVI KUMAR GATIGANTI | ||
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Under the export os ervice rules 2005 - consulting engineering services provided to a recepient outside india and received in convertible FE is excluded from liability. In fact the input services paid , central excise duty paid on goods used in provding such services would be eligible for refund. |
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Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 04 October 2010
Dear Ravi,
It seems from your query that you have provided Engineering services to a foreign based compnay. In such a situation if the conditions of EXPORT of Service Rules are complied with then there shall be no service tax liability on you because export of service has been exempted from tax payment.
Regards
Jeevesh MEhta
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