Export of Service - Tax applicability under which category

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Dear Sir, We are a newly formed company engaged in the activity of international marketing/manufacturer and exporter onloan license basis , till date there were no operations from the business and nil turnover how ever in current year we are expecting following income : 1) Amount to be received from US Listed company as finder fees for identifying strategic investor who will be investing amount is the equity of US company. 2)Amount to be received from the foreign Company towards fees for coordination with Bank of India Head office in india for getting loan to the US Company from Bank of India New York Branch. Please advise us with regards to service tax with regards to export of services and category under which applicable. We have yet to get registered under service tax which we will be doung immediately. Thanks and Regards Prashant Bhole

AI Summary

New Company Seeks Guidance on Service Tax for Finder's Fee and Loan Coordination Income Under Business Services A newly formed company engaged in international marketing and exporting seeks advice on service tax applicability for expected income from two sources: a finder's fee from a US company and fees for coordinating a loan from the Bank of India. The company has not yet registered for service tax. A respondent suggests that services delivered and used outside India, with payment received in convertible foreign exchange, are generally exempt from service tax. The services in question may fall under Business Auxiliary Services or Business Support Services. Further analysis of the specific circumstances is recommended.