Dear Sir,
We would like to know that service tax is applicable on software service providing to overseas clients through online where we are getting foreign currency on hourly basis and also we are providing service in india GPS tracking . In both cases together it is crossing ₹ 10 Lakhs in last month. We have not obtained any service tax registration.
Pl clarify the same
regards, jagadesh
Service Tax Exemption for Exported Online Software; GPS Tracking Services Taxable in India Over 10 Lakhs Revenue A query was raised about the applicability of service tax on software services provided online to overseas clients and GPS tracking services in India, with revenues exceeding 10 lakhs. The first service, considered an 'Export of Service', is exempt from service tax and not included in the threshold calculation. The second service is taxable, and registration is required once the taxable services exceed 9 lakhs in a financial year. It was advised to register promptly to avoid accruing interest. The discussion emphasized the importance of timely registration for taxable services. (AI Summary)
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