Service Tax Refund

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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

Export Units Can Claim Service Tax Refund on Forward Contracts for Foreign Currency Transactions, Use Credit for Local Obligations An individual inquired whether an export unit can claim a service tax refund on service tax paid for forward contracts related to foreign currency transactions for export goods. The response clarified that the export unit can indeed claim a refund. Alternatively, the service tax credit can be used to pay service tax on services provided in India or to settle excise duty obligations within the country.