26 September 2014
Payment is legal, but it has more implications like which service you receiving, and weather that service is taxable in India and what your constitution is like u r firm, individual, company etc, as far as limits and frequency concern there is no limit, but cross check with RBI website.
We are company. And paying amount for translation and transcription,amounting 1usd to 500 usd in bulk,to foreign resource, I also tried to find RBI Circular on net but till now I am unable to find circular such as.
If anyone can help regarding this, I would be thankful..!!
26 September 2014
If you are a company then there is no limit, and as far as service tax is concern I need to check in details, because you may be liable under reverse charge for importing of services.
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