Service Tax Refund

[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.

[ROHAN THAKKAR]

Dear Sir,

Yes, the Export unit can claim refund of service tax paid on Forward Contracts. 

Alternatively, instead of claiming refund, such service tax credit can be utilised for payment of service tax w.r.t services provided in India or payment of Excise Duty in India.

 

Regards,

Rohan Thakkar

9228720536

AI Summary

Service tax refund for foreign exchange forward contracts: exporters may claim refund or utilise credit for domestic tax payments. An export unit can claim a refund of service tax paid on forward contracts for foreign exchange services supplied in relation to export goods, or alternatively may utilise the service tax credit for payment of service tax on services in India or for payment of excise duty in India.