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of <h1>Rajasthan Govt Clarifies Export Remittances in INR Vostro Accounts Under IGST Act Section 2(6) Align With RBI Rules.</h1> The circular issued by the Government of Rajasthan clarifies the conditions under which export remittances received in Special INR Vostro accounts qualify as export of services under the IGST Act, 2017. It states that payments received in Indian Rupees, as permitted by the Reserve Bank of India (RBI), fulfill the conditions of sub-clause (iv) of section 2(6) of the IGST Act. The circular references RBI's directive allowing trade settlements in INR through Special Rupee Vostro Accounts and aligns with the Foreign Trade Policy, 2023. Compliance with these regulations ensures the recognition of such transactions as exports.
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