Service tax apllicable on Pharma R&D work

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Dear All,

I required very urgent relating to the followings

1.whether R&D work done by a Pvt ltd co for its Foriegn holding co is taxable under service tax
2.Even if exempted from service tax whether above assessee can take the refund on infput service tax paid on providing output service

Thanks & regards
Basappa M V
Replies (1)

TILL DATE I HAVE NOT FOUND ANYTHING NAMED "R & D Servibe" UNDER THE SERVICE TAX NET. WILL YOU PLEASE MENTION IN DETAIL REGARDING YUOUR ACTIVITY. ONE THING IS CERTAIN AS YOU PAY SERVICE TO FOREIGN COMPANY AND EARNING FOREIGN EXCHANGE YOU WILL GET  ADVANTAGE.


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