Whether service tax is applicable for the Services Exported by a subsidiary company to its foreign holding company????????????
vidhya venkat (student ) (29 Points)
10 January 2009Whether service tax is applicable for the Services Exported by a subsidiary company to its foreign holding company????????????
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 10 January 2009
If the services are exported, no service tax is payable. It is immaterial as to whom it is exported- there is no issue even if it is exported to the foreign holding company, as lon as the transaction is on principal to principal basis.