service tax on software online service to overseas countries
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....ervice tax on software online service to overseas countries<br> Query (Issue) Started By: - jagadesh kumar bhojanapalli Kumar Dated:- 2-12-2015 Last Reply Date:- 4-12-2015 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Sir, We would like to know that service tax is applicable on software service providing to overseas clients through online where we are getting foreign currency on hourly basi....
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....s and also we are providing service in india GPS tracking . In both cases together it is crossing ₹ 10 Lakhs in last month. We have not obtained any service tax registration. Pl clarify the same regards, jagadesh Reply By KASTURI SETHI: The Reply: First category is 'Export of Service'. Hence exempted. The value of export of services is not to be accounted for while computing aggr....
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....egate value of ₹ 10 lakhs, (Threshold exemption limit under Notification No.33/12-ST dated 20.6.2012) Second category is taxable. As per Notification No.27/2005-ST dated 7.6.205 as amended vide Notification No.10/2008-ST dated 1.3.2008, any provider of taxable service whose aggregate value of taxable services in a financial year exceeds nine lakhs rupees shall make an application to the jur....
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....isdictional Superintendent of Central Excise, in such form as may be specified, by notification, by the Board, for registration within a period of thirty days of exceeding the aggregate value taxable service of nine lakh rupees. Value of export of service is also not to be accounted for while arriving at ₹ 9 lakhs for the purpose of registration. Reply By Ganeshan Kalyani: The Reply: I am ....
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....of the same view as submitted by Kasturi sir. Further it is suggested to get register as soon as possible so that you can save the interest portion which will increase with the day passes on. Thanks Reply By jagadesh kumar bhojanapalli Kumar: The Reply: Thanks to KASTURI Sir & well noted once second category cross 9 Lakhs we will go for registration.<br> Discussion Forum - Knowledge Sharing ....