11 June 2009
"Is any service tax payable for any foreign currency income received by an Indian consulting company from a foreign customer? What are the registrations/ formalities to be followed to obtain exemptions that may be applicable?"
14 June 2009
Depends on the type of services. If it were consulting engineering, or management consultacny these are receipient based export of services. If receipient outside Inia + uservices used outside India + recvd in CFE then it is export and not liable for ST. In fact the input services used in provding the servcies as per CCR are eligible for credit and refund.
CAclubindia
