25 March 2010
We are KPO providing services to foreign clients and receiving payment from them in foreign covertible currencies. Now we have started to provide service for local clients as well. So, in this case we are maintaining separate books for availing input credit. We are claiming input credit for services directly atttributable for providing local services. In this case, can we claim refund of input credit relating to export of services or adjust with service tax payable?? please suggest as the due date is March....