2007 (6) TMI 119

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..../S.J. Singh/07, dated 15-1-2007 passed by the Commissioner of Service tax, Mumbai, the appellants are required to pre-deposit Service tax amounting to Rs. 18,55,51,047/- on the gross receipt for services rendered by them during the period from 1-10-2000 to 14-3-2005 excluding the period from 1-3-2003 to 19-11-2003. The interest at the rate of 13% on the Service tax alleged to have been evaded has ....

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....ing the relevant period. The said notifications exempt Service Tax in case payment is received in India in convertible foreign exchange. There is no dispute that the appellants received the payment for services rendered, in convertible foreign exchange. However, in terms of proviso to the said notification if the payment received in India in convertible foreign exchange for taxable services render....

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....es rendered is repatriated, they would be covered by the proviso and not otherwise. The learned Advocate stated that the appellants derived income from several sources and one of the sources is the amount received as payment for taxable services rendered. In compliance of the various provisions of Companies Act, 1956 and also the Income-tax Act the appellants are required to arrive at the profits ....