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
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