Do I need to pay Service Tax?

Hi

I am working as an individual software development professional for a Foriegn company based in France and switzerland since July 2008 till date.

I recieved foreign payments in Euros (once or twice in a month) regularly since then and they were deposited into my account as Indian Rupees after conversion with appropriate exchange rate.

The only work that I did for them was "software development only". I don't do maintainence, amc or any other kind of supporting jobs.

I have recieved an amount greater than 10 lacs during this time period of my assignment, so my question is, DO I NEED TO PAY ANY SERVICE TAX??? Yes/No? Why and How?

 

Thanks a Lot.

Akshaya

Replies (1)

Hi Akshya

As per Rule 3 clause (iii) of Export of Services Rules 2005 u are exporting a service, therefore as per rule 4 there is no requirement for u to pay service tax.

Any other momber please correct me if i m wrong.

 

 

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