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Service Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Export of service - receipt of consideration in convertible ...


Export of Service Involves Currency Exchange: UK Bank Debit, Indian Bank Credit, RBI Reporting, Foreign Exchange Earnings Explained.

February 8, 2018

Case Laws     Service Tax     AT

Export of service - receipt of consideration in convertible foreign exchange - The said debit of foreign exchange by the UK bank and consequent credit in Indian rupee in Indian bank as part of nostro transaction is reported to RBI and necessarily forms part of foreign exchange earning in India - AT

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