23 January 2013
Hi all I have a client Pvt Ltd company providing Content Development & Management Services ( Mobile Application and Other allied software's) to a US Company.
These application of contents are developed in India and sent to the US company by Internet ( email or FTP)
Will Service Tax be applicable on this or will it be treated as Export of Services Outside Indian and be exempt from the liability
24 January 2013
you need to provided the details of payment, if your client provide the service to US compnay a non-taxable are and receive the payment from them in foreign currency, it called export of service, so no service tax.
25 January 2013
Thank You Mr Jagdishkumar following are the details
1. services Provided to US ( 100% Holding Company) which does not have any PE in India
2. Receipts are in Forex only... will Indian Company being 100% Subsidiary of US company to which services are provided make it taxable under service tax ? can you provide any citations if you have?
CAclubindia
