Service tax on our source software development

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Respected Sir,

We are new software development company and we provide software development serivce to abroad clients. So do we need to pay service tax ? If yes how much we need to pay ? is there any minimum limit for exempted service tax ?
Please advice me how much tax we need to pay on export of software service. Our target is to reach 20 lakhs this year.Appreciate your help.
 
Thank  you.

Read more at: /forum/service-tax-for-export-of-software-services-from-01-07-2012-210741.asp#.U6KlItuJR2M
Replies (4)

It is good that you achieve your target Rs. 20 lakh and in service tax exempt income Rs. 10 lakh only and further that export services does not mean that those services exempt from service tax So that is requested to you explain your services then fully reply passed you because some other rules with reflected under export services.

Thanking you.

Export of service would be exempted from service tax.... You will get additional benefit of 10% sfis scrip .. Pls claim the same from dgft..
 
     

Thank you for reply. Well we do only only customized software development.

Originally posted by : manish Jain
Export of service would be exempted from service tax.... You will get additional benefit of 10% sfis scrip .. Pls claim the same from dgft..

What is SFIS Scrip & DGFT ? I am new in business so not able to understand it.

Please can explain in detail.

Thanks & regards,

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