EASYOFFICE
EASYOFFICE

export of service

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2013 One of our client is providing Software Consultancy services in India and outside India as well and receives payment in foreign exchange.It is the first year after incorporation. The value of services provided is Rs.20 lacs during current year, out of which Rs.16 lacs is the value of exported services. Is it liable to pay service tax on balance of Rs. 4 lacs or being first year of service is it exempt from paying service tax as the value of taxable services provided in India does not exceed Rs. 10 lacs?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
18 February 2013 You are under SSI exemption limit. No need to pay service tax upto the 10 lack service provided in India.

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