Dear All,
We do export of services(Doing work in relation of IT Support for a foreign based company and taking payment in USD). yet we not registered under service tax provision our Annual turnover in preceeding year was About 2 Crore. We don't have a domestice output of services.
What's benifit can We take with our export of services buisness
Can we take service tax refund
Any othe Benifits
Friends, Pls suggest me practically.
Under the above situation, if you are availing any input service and paying service tax element on that to the service provider then you can take refund of such input service tax available as credit with you.
Regards
But without registered under service tax how can they take input credit. You have to register first under service tax.
Yes pankaj is right , to claim such refund of input service tax one needs to be registered with servive tax ...
CAclubindia
