Recipient of Services located outside India & Payment received in Foreign Exchange; Services qualify as Exports, No Service Tax applies: CESTAT [Read Order]

By Devanand T R - On May 3, 2024 8:00 am - 2 mins read
Recipient of Services - outside India-Payment received - Foreign Exchange - Services qualify as Exports - No Service Tax applies - CESTAT - taxscan

The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) ruled that services provided to recipients outside India, with payment received in foreign exchange, qualify as exports and are exempt from service tax. The decision marks a significant victory for businesses engaged in providing services to overseas clients. The case revolved around Solvay Specialities…

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