1 / 8

SERVICE TAX FOR EXPORTERS by g. natarajan advocate & cost accountant

SERVICE TAX FOR EXPORTERS by g. natarajan advocate & cost accountant. Goods and Services can be exported but not taxes!. Measures to offset service tax burden. Cenvat Credit – Input Services. Manufacturer – Used in or in relation to manufacture and clearance of final products

wesley-wolfe
Download Presentation

SERVICE TAX FOR EXPORTERS by g. natarajan advocate & cost accountant

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SERVICE TAX FOR EXPORTERSbyg. natarajanadvocate & cost accountant

  2. Goods and Services can be exported but not taxes!

  3. Measures to offset service tax burden. • Cenvat Credit – Input Services. Manufacturer – Used in or in relation to manufacture and clearance of final products upto to the place of removal. Service provider – Used for providing the output service. • Utilisation of Cenvat Credit. • Encashment of Cenvat Credit. • Refund of Cenvat Credit.

  4. Measures to offset service tax burden. • Duty Drawback.

  5. Measures to offset service tax burden. • Refund of Service Tax. Notification 41/2007

  6. Refund of Service Tax. • Eligible Services. • General Insurance. • Port Services (Major / Minor Ports). • Inspection / Certification. • Road Transport / Rail transport. (ICD to Port of export & Place of removal to ICD) • Cleaning Services. • Storage and Warehousing. • Courier. • Customs House Agent. • Banking services. • Commission Agent. • Forex broker. • Supply of tangible goods.

  7. Refund of Service Tax – Procedures. • Manufacturer Exporters & Others. • Jurisdiction to file the claim. • Time limit. • Realisation of export proceeds. Mutual exclusivity.

  8. THANKS

More Related