TMI BlogExport Of Service RulesX X X X Extracts X X X X X X X X Extracts X X X X ..... Export Of Service Rules X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany recieves a contract of Overhauling of machinery from Indian Company( Say A ) and the the Japanese Company outsource that contract to the another Indian Company ( say B ). My query is that when ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Indian Company ( B ) will raise the invoice to Japanese Company, Will it be treated as Export of Service and accordingly whether we need to charge the service tax. Reply By Mangesh Lokre: The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: If the Company B is receiving the Payment for Service in Foreign Currency, then it will be treated as Export of Service. Reply By rishi mohan: The Reply: Export of services shall be treated if t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he payment for service executed is in foreign currency. If the payment of services performed are in foreign currency then there is no need to charge service tax. Reply By taranjeet singh: The Reply: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Dhirendra ji, I am of the opinion that the servivce recepient co A is in India, and service tax being a destination based consumption tax, service tax need to be charged by co B while raising t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he invoice to Japan. I may differ with many of my colleagues.
Taranjeet Singh chandigarh X X X X Extracts X X X X X X X X Extracts X X X X
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