My company is registered under Service Tax We are not under STPI We have a client on whom we Invoice more than 75,000 Swiss Franks every month on account of consulting and support services. We do not build any application and export software applications of products to them...it is pure services
Questions: 1. In order to receive the money from the client, what are the formalities? 2. Is Softex Form mandatory? (as we are not registered under STPI) 3. How do we repor this to regulatory bodies...viz., do we need to file TR1 or TR13 forms?
10 October 2011
Under service tax there may notbe liability since the services are in nature ofconsultancy/ business support which are both recepient based. As long as the CFE are recived, the exclusion from paying ST is allowed.
CAclubindia
