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of <h1>Finance and Commerce Ministries Agree on Service Tax Exemption for Exports, Aligning with Foreign Trade Policy.</h1> The Ministry of Finance has clarified that there are no disagreements between the Finance and Commerce Ministries regarding the exemption of service tax on exports. The decision, supported by the Commerce Minister, Finance Minister, and Prime Minister, aligns with the Foreign Trade Policy's statement on service tax exemption for exports. Taxes on inputs for exported goods or services are addressed through existing rebate, refund, and drawback schemes. The ministries are collaborating to establish procedures for refunding or rebating service tax on certain non-input services related to exports and services received or rendered abroad.
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