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of <h1>West Bengal Tax Circular: Export Remittances in Special INR Vostro Accounts Meet IGST Act Export Service Conditions.</h1> The circular from the Directorate of Commercial Taxes, West Bengal, clarifies the conditions under which export remittances received in Special INR Vostro accounts qualify as exports of services under the IGST Act, 2017. It states that payments received in INR through these accounts, as permitted by the Reserve Bank of India, fulfill the requirements of sub-clause (iv) of Section 2(6) of the IGST Act. This is contingent upon compliance with the Foreign Exchange Management Regulations and RBI Circular No.10, 2022, and the Foreign Trade Policy, 2023. Any implementation issues should be reported to the Commissioner.
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