PayPal converts the money from USD to INR at their end and then route the money to Citibank India which in turn sends NEFT transaction in INR to my HDFC Bank account In India.
My CA has said that only that money that comes in foreign convertible exchange which has a FIRC issued can be considered for Service Tax exemption.
HDFC Bank says that since they are getting money in INR they can't issue me FIRC certificate.
I am clearly getting money in USD from abroad in my PayPal account. I just wanted to seek exert opinion here, what is the way for me to avail the service tax exemption given that HDFC is not willing to provide me the FIRC certificate.
CAclubindia
