TAX REFUND FOR EXPORTERS ON 4 SERVICES
The Finance Ministry on Monday made the first ever move to refund service tax paid by exporters on non-input services. The refund will now be available on four identified transport and port services that could be linked to export goods. Services offered to exporters by major ports, minor ports, road transport services provided by a goods transport agency from inland container depot (ICD) to port of export and transport of export goods in containers by rail from ICD to port of export would now qualify for service tax refund. The refund on certain services came nearly five months after the Commerce and Industry Minister, Mr Kamal Nath, announced service tax exemption on services rendered abroad and charged on exports from India. He had also assured exporters that tax on services rendered in India and utilised by exporters would be exempted or remitted. Official sources said that the four taxable services have been identified by the Finance Ministry and that the Commerce Ministry was yet to come up with a list of services or a simple and verifiable method to evaluate linkage of services with goods exported.Reacting to the Finance Ministry’s decision, the Federation of Indian Export Organisation described the move as a “half-hearted” measure as a number of services used by exporters have been left out. It was pointed out that there was still no relief on service tax paid on foreign agents, overseas travel, participation in trade fairs, banking services and fees paid to professionals.
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- SEBI New Rules for Stock Brokers: Investor Awareness Messages Mandatory From 1st Nov 2026
- Indian Stock Market Records Longest Weekly Losing Streak in 25 Years as Nifty, Sensex Slide
- GST Portal Launches Multi-State Registration Facility with Single Master TRN
- NCERT Class 9 Textbook Adds Personal Income Tax Chapter, Teaches Budgeting, Saving and Investing
- GST Collections Rise 14.7% to Rs 2.04 Lakh Crore in September 2026
- CBDT Revises Administrative Subordination of Income Tax (Appeals) Authorities under IT Act 2025
- Central Excise Duty Rates Revised: Rs 16 and Rs 10.5 Per Litre Effective 1st October 2026
- J&K Assembly Passes Five Bills on GST, Ease of Doing Business and Decriminalisation
- FIIs Sell Rs 9980 Crore in Indian Equities as Nifty, Sensex Remain Under Pressure
- Income Tax Department Searches Bollywood-Linked Premises Over Alleged Overseas Fund Transactions
Popular News
- Rajasthan HC Seeks CBDT Clarity on Tax Audit Due Date Extension 2026: Final Instructions on 29th September
- Central Excise Duty Rates Revised: Rs 16 and Rs 10.5 Per Litre Effective 1st October 2026
- Supriya Sule Urges FM Sitharaman to Extend Tax Audit Due Date for AY 2026-27
- ICAI Delegation Meets CBDT Member Vatsala Jha, Raises Tax Audit Deadline Concerns
- CBDT Extends Tax Audit Due Date for AY 2026-27 to 21st October 2026; ITR Deadline Moved to 21st November
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Browse by Category
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
