FOREIGN CURRENCY RECEIPT
This query is : Resolved
19 April 2008
DEAR ALL
GOOD AFTERNOON,
PROFESSIONAL FEES RECEIVED IN FOREIGN CURRENCY IS LIABLE TO SERVICE TAX OR EXEMPT FROM SERVICE TAX.
PLEASE CLARIFY.
GOOD AFTERNOON,
PROFESSIONAL FEES RECEIVED IN FOREIGN CURRENCY IS LIABLE TO SERVICE TAX OR EXEMPT FROM SERVICE TAX.
PLEASE CLARIFY.
20 April 2008
where the services are consumed i.e In India or outside India.?
23 April 2008
Services received in foreign currency is the botherisation of the service received in case these services are rendered in out side india.If these services are provided in India then you are liable to service Tax. Rule 2(1)(d) will further clarify on this subject.
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