Service Tax Refund

[Akshay AGARWAL]

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

AI Summary

Service Tax Refund Eligibility for Export Units on Forward Contracts: Guidance from Notifications 17/2009-ST and 18/2009-ST A discussion on a forum revolves around the refund of service tax for an export unit on forward contracts involving foreign currency. An individual queries whether service tax paid on such contracts is refundable. A respondent suggests reviewing notifications 17/2009-ST or 18/2009-ST for guidance. Another participant references service code 65 zzk, related to services involving the purchase and sale of foreign currency for exporters, questioning if a refund can be claimed under this provision.