Question
This query is : Resolved
02 October 2012
Dear Tax Gurus,
I have started a private limited company in india last year which is dealing with a CA firm of UK . My company in India provides Accounting services to the UK Based Firm . Money was sent to us directly in Pounds which gets converted in INDIA Only. Now please tell do i have to pay service tax or is it free for our services ?
Please reply as i have been wandering here and there with so many different opinions .
Thanks
I have started a private limited company in india last year which is dealing with a CA firm of UK . My company in India provides Accounting services to the UK Based Firm . Money was sent to us directly in Pounds which gets converted in INDIA Only. Now please tell do i have to pay service tax or is it free for our services ?
Please reply as i have been wandering here and there with so many different opinions .
Thanks
02 October 2012
This is an export of service, the payment is received by you in freely convertible FX and therefore service tax is not payable
02 October 2012
No st payble....it is export of services.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
