Most IMP : Ser Tax on Foreogn Fluctuation
This query is : Resolved
06 September 2009
Hi Experts,
Suppost I raise a bill on a foreign client in Jan 2009 & he pays me Rs.80 in Dec 2009, in full & final settelment of my claim (Due to foreign fluctuations)
In this case whether i required to pay service tax on Rs.100 or Rs.80/-
Can i claim Foreign fluctuation loss of Rs.20/-.
Suppost I raise a bill on a foreign client in Jan 2009 & he pays me Rs.80 in Dec 2009, in full & final settelment of my claim (Due to foreign fluctuations)
In this case whether i required to pay service tax on Rs.100 or Rs.80/-
Can i claim Foreign fluctuation loss of Rs.20/-.
06 September 2009
Service tax has to be paid on Rs.80 only and also you can claim the loss of Rs.20.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
