Service tax on foreign remittance

Plz help

If services are rendered to Indian resident in India, how come consideration is received from out of India in convertible foreign exchange through normal banking channels. PLease clarify. Check if you satisfy rule 3 of Export of service rules 2005.

Regards,

the company provides event management services to residents of india. They pay the amount of service from their foreign banks.

Does that amount to export of service?

Yes ST Payable on Reverse mechanisam.if any service received from non resident and consumed in india Service reciver has to pay the ST & can avail the input in the same month based on the CHALLAN.

Refer section 66A.

Regards

Tony