Service Tax Refund

[Guest]

Service Tax paid on Forward Contart to sell a Foreign Currency is refundable for a Export Unit.

[YAGAY and SUN]

Kindly check notification no. 17/2009-ST or 18/2009-ST in this regard.

[Guest]

65 zzk - Service of Purchase & sell of Foreign Currency Including Money Changing provided to an Exporter in Relation to Export goods.

Under this Can a Export unit Claim service tax refund on Service Tax Paid on Forward Contracts.

AI Summary

Service tax refund on forward contracts for foreign currency questioned for entitlement by export units under applicable notifications. Whether an export unit may obtain a service tax refund for tax paid on forward contracts to sell foreign currency is queried, focusing on classification of the activity as a taxable service described as purchase and sale of foreign currency including money changing and the effect of the cited service tax notifications on refund entitlement for export-related services.