TaxTMI 
TaxTMI 
Liability of Service Tax - Management Consultant
24 Apr 2006 
3 Replies 
8878 Views Asked by
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Export of services treatment: services delivered abroad and paid in convertible forex exempt from service tax.
A service provided from India will qualify as an export and be outside service tax if the service is delivered and used outside India and payment is received in convertible foreign exchange; this applies to services classed as market research, management consultancy or business support, and supersedes prior views that services wholly performed in India are taxable despite foreign receipt. (AI Summary)
A service provided from India will qualify as an export and be outside service tax if the service is delivered and used outside India and payment is received in convertible foreign exchange; this applies to services classed as market research, management consultancy or business support, and supersedes prior views that services wholly performed in India are taxable despite foreign receipt. (AI Summary)
A is a Management Consultant based in India, rendering services to his overseas clients like market survey, sourcing Indian partners for JV's, market analysis, giving expert opinion about Indian industry etc. For this, he is getting payment in US$ into his bank account. Pls inform about his service tax liability in light of new regulations. Thanks !!