04 March 2013
Respected members i have a query for a case in which service provider is providing services related to software and other information tech related services outside india and he is receiving the receipts in indian currency. Can he get exemption under export of service? coz i have read an article on net regarding this issue n i found if we proved the assessing officer that we are exporting the services then we can claim exemption. Please tell me about this......
04 March 2013
One of the conditions to Qualify as export of service is that the consideration should be received in Convertible Foreign Currency . As the transaction narrated above fails this test , It doesnot qualify as Export .
CAclubindia
