If a company assessee has provided services outside India, & received commission from outside India. The company also has made import purchases from the same company from whom it is receving foreign commssion and adjusted the amount of purchases against the commssion income. i.e. not received the foriegn commssion income in convertible foreign exchange, then will it also be covered under the export of Service Rules, & will be exempt from Service Tax. Please Suggest.
CAclubindia
