15 October 2008
A partnership firm establish with a motto to help the foreign buyer to import the goods from India. For that purpose, partnership firm follow up the exporter of India to manufacture and exports goods as per the requirement of the buyer. For this service, foreign buyer pays the fixed service charges to the Indian partnership firm. Is it the export of service and not liable to service tax ?.
16 October 2008
received the opinion from service tax deptt. that the service done and consumed in India, hence it is not the export of service even the amount received in foreign exchange. Hence service tax registration is must.
CAclubindia
