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Service tax is apply on rupees converted from foreign bank?

Queries 125 views 1 replies

Hello,

I am having IT outsource company. I have a client in US and I dont know how but I got his every transaction in Rupees. I did not get a remittance notice and those transactions were not considered as remittance. When I investigate I came to know his bank in US is converted that to rupees and through NEFT, it transfer to my bank account. 

I got notice for those transection.

What to do?

 

 

Replies (1)
st will be applied only if additional fees is charged by bank for such conversion


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