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FOREIGN CURRENCY RECEIPT

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(Querist)
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.
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Jitender

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Jitender (Expert)
20 April 2008 where the services are consumed i.e In India or outside India.?
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Hari Venkata Ramana

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Hari Venkata Ramana (Expert)
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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