Hi all,
If an Indian small service provider, who has not registered under service tax recieves service from foreign service provider worth Rs. 20 Lakhs.
Is he liable to get registered and should he pay service tax on that service?
Sripada M (CA) (365 Points)
01 January 2009Hi all,
If an Indian small service provider, who has not registered under service tax recieves service from foreign service provider worth Rs. 20 Lakhs.
Is he liable to get registered and should he pay service tax on that service?
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 01 January 2009
What is the service? If it is taxable services then there is a liability. No initial exemption is available.
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 04 January 2009
| Originally posted by :Madhukar N Hiregange | ||
| " | What is the service? If it is taxable services then there is a liability. No initial exemption is available. | " |
Can u explain me what is meaning of "initial exemption"?..............is this exemption of Rs. 10,00,000/- or other?
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 05 January 2009
Service provider is receiving payment in foreign exchange, it appears that it is export of service and hence not liable to service tax.
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