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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
