Government has issued Notification No. 17/2008-ST dated 01.04.08, extending refund of service tax paid by exporters on three more taxable services in addition to existing 13 taxable services, which are not in the nature of "input services" but could be related to exports.
• Custom House Agent service [section 65(105)(h) of the Finance Act, 1994],
• Banking and other financial services [section 65(105)(zm)] in relation to collection of export bills and export letters of credit,
• Commission agent service under business auxiliary service [section 65(105)(zzb)] provided by a commission agent, located outside India subject to the conditions prescribed.
Service tax paid by exporters on input services used for export goods is neutralized under various existing schemes. These are taxable services which are directly relatable to export goods. In addition, Government has also extended the scheme for providing refund of service tax paid on thirteen taxable services which are not input services but attributable to exports.
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