TMI BlogLiability of Service Tax - Export of ServicesX X X X Extracts X X X X X X X X Extracts X X X X ..... Liability of Service Tax - Export of Services X X X X Extracts X X X X X X X X Extracts X X X X ..... a query with regards to service tax , we are pharmaceutical marketing company engaged in the activity of International Marketing. DUring the current year we had assisted a US company for Getting loan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from Bank of India US Branch and for purpose we had coordinated in Bank of India Head Office Mumbai for sanction of loan. Now the loan has been sanctioned by the Bank and we will be issuing a debit no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te on the US company towards fees for getting the loan sanctioned. Please advise whether the service tax will be payable by us under export of services rules in the services are rendered in india, loa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n was disbursed in US & we shall be getting the fees in convertible foreign exchange. Please guide, Thanks and Regards Prashant Bhole Reply By Surender Gupta: The Reply: First it has to be decided th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at in which category you are liable to service tax. If you are laible to tax under Business Auxiliary Services that your services would remain exempt under the third category as Receipient of such ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices is Situated outside India. X X X X Extracts X X X X X X X X Extracts X X X X
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