On Thu, Mar 6, 2014 at 9:38 AM, Manokaran K <[email protected]> wrote:
> On Thu, Mar 6, 2014 at 7:41 AM, Venkatraman S <[email protected]> wrote: > > On Wed, Mar 5, 2014 at 10:37 PM, Manokaran K <[email protected]> > wrote: > Apparently, yes. If you are a registered company and want to have the > service tax on forex earnings waived, you have to get some exporter code or > something. But if you are an individual then nothing needs to be done. At > least thats what my auditor tells me! Would like to hear a second opinion > on this :-) No second opinion - I think this is absolutely right. The thumb rule is "Tax services and not exports". I do this too - my indian customers have to pay an ST, while my foreign customers dont have to. I still bill in INR, but the origin account is a non-INR. More importantly, the service has to qualify as 'export' - so, pl. ask your auditor whether your service qualifies. Regards, Madan Call Send SMS Add to Skype You'll need Skype CreditFree via Skype _______________________________________________ ILUGC Mailing List: http://www.ae.iitm.ac.in/mailman/listinfo/ilugc ILUGC Mailing List Guidelines: http://ilugc.in/mailinglist-guidelines
