TMI BlogRegistration under service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... 1. Service Tax is to be levied on Information Technology Software Services w.e.f. 16-5-2008. Will a service tax registration be necessary for a software house which is under STPI and exports 100% of its developed software which is in excess of Rs 1.50 crores ? All payments are received in foreign exchange. 2. Can refund be claimed for service tax paid on inputs even though there is no service tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chargeable by the developer at all ? - Reply By Surender Gupta - The Reply = Since the software is taxable, you may avail cenvat credit and claim refund of cenvat credit on the basis of export of services / goods. For this purpose you need to obtain service tax registration. - Reply By Madhukar N Hiregange - The Reply = It is important to note that under the reverse chagre mechanism of taxation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Section 66A a resident is liable for the services recived from a non resident ( even associate now- journal entry is sufficient) from 19.4.2006. If no such services are recived as a recpeint of services from outside India such a unit need not be registered. However we.f. 16.5.2008, it is advisable for a IT/ ITES STPI/ Exporter to register under service tax ONLY if it is interested in refu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd of the service tax paid by the concern. - Registration under service tax - Query Started By: - Anthony Trinidad Dated:- 13-5-2008 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
