service tax on export of services
This query is : Resolved
04 May 2009
Dear colleagues
Our client is collecting service tax on export of services.
However due to fluctuation in foreign currency, service tax accounted will be different from what is actually received.
My query is
assessee should remit the amount of service tax accounted in the books at the time of invoicing or
the amount of service tax actually collected
Thanks and regards
Rang ak S
Our client is collecting service tax on export of services.
However due to fluctuation in foreign currency, service tax accounted will be different from what is actually received.
My query is
assessee should remit the amount of service tax accounted in the books at the time of invoicing or
the amount of service tax actually collected
Thanks and regards
Rang ak S
04 May 2009
On receipt/collected basis and the difference between invoiced and collected will be treated as exchange loss or gain
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- What is provisional receipt number for generation of form 16A
- Scrutiny assessments u/s 143(2) for AY 25-26
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
