Export Services
This query is : Resolved
30 June 2009
Tax implication on export of software services if the Amount received in indian currency.
Guest
Guest
(Expert)
30 June 2009
Hi Suresh,
Please clarify that
What are you providing software or service ?
In case of service, it is fully exempted from service tax and Tax compliances, but you have to take a IEC (Import export code) from Ministry of Commerce.
For more info, check the below link :-
http://www.infodriveindia.com/Exim/DGFT/ACTS-AND-RULES/FOREIGN-TRADE-REGULATION-RULES-1993.aspx#Application_for_grant_of_licence.
Please clarify that
What are you providing software or service ?
In case of service, it is fully exempted from service tax and Tax compliances, but you have to take a IEC (Import export code) from Ministry of Commerce.
For more info, check the below link :-
http://www.infodriveindia.com/Exim/DGFT/ACTS-AND-RULES/FOREIGN-TRADE-REGULATION-RULES-1993.aspx#Application_for_grant_of_licence.
30 June 2009
In my opinion remittance should be received in foreign currency for availment of exemption.
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