01 October 2012
We recently registered a Pvt Ltd company and we will provide software services for foreign clients and receive payment in USD to our current bank account.
Do we need to pay Service Tax ? As per following link, it is mentioned that we won;t need it.
01 October 2012
As per place of provision rules 2012, place of provision shall be the location of receipient of service.( where the services provided consumption is taking place),so in your case u r exporting so u r out of the ambit of service tax. but there is a exception 1) service provided by banking company 2) online database rettrival services 3) intermediary services 4) services consisting of hiring of means of transport upto a period of 1 months - we will see location of service provider for above mentioned services.
and it is necesaary to take Import export code. bz u r dealing in exporting your services.
CAclubindia
