Receipt in Foreign Exchange

Bimal Thacker (Proprietor) (762 Points)

16 December 2010  

M/S A (Indian private limited co.) doing repairs and maintenance service in India.

 

Also the company A on behalf of M/S F (Foreign Co. having no permanent establishment in India) does

a) Installation and after sales service i.e. repairs and maintenance (of product supply by M/S F) during warranty period in India

b) Marketing their products in India and received sales commission.

 

Billing for these services are done to M/S F and payment is received in convertible foreign exchange.

 

Whether service tax is applicable or it is exempted Export Services?