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(Querist)
30 June 2009 Tax implication on export of software services if the Amount received in indian currency.
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Guest

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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.
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C.A.Suresh Gupta

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C.A.Suresh Gupta (Expert)
30 June 2009 In my opinion remittance should be received in foreign currency for availment of exemption.
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