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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

04 May 2009 On receipt/collected basis and the difference between invoiced and collected will be treated as exchange loss or gain



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