I have raised an invoice to a US customer for USD 320 for my customized graphics development. I have mentioned 0% IGST as it is "Exports of Services". They sent me money from their Bank of America account in US (Philadelphia) this time and I received it as a direct/pre-converted INR deposit to my current account. Is it still Exports of Services with 0% IGST?
I am asking this because previously when they sent USD 320 from some other bank, I received it as FX Inward Remittance, and I have to convert it and deposit into my current account from the portal of local Indian Bank (Axis Bank).
INR deposit received for Exports of Services to US Customer
ashwin kumar (5 Points)
26 July 2023