22 May 2010
Exporters are eligbile for refund of service tax on the following bank charges: 1. services provided in relation to collection of export bills and
2. services provided in relation to export letters of credit such as advising commission, advising amendment, confirmation charges.
Most of the banks are issuing bank advice for charges inclusive of service tax.
Do the exporters can apply for refund even if the service tax component is not shown separately ? Is there any clarification in this repect issued ?
CAclubindia
