in case of export of services, if the recipient of service is in india and payment made in INR, whether this would qualify as export service. I am of the view this will not

[janakiraman iyer]

in case of export of services, if the recipient of service is in india and payment made in INR, whether this would qualify as export service. I am of the view this will not

AI Summary

Debate on GST Export Services: Are INR Payments for Services to Indian Recipients Considered Exports Under IGST Act? A forum discussion addresses whether services provided to an Indian recipient and paid in INR qualify as export services under GST. One participant argues that such services do not qualify as exports, citing the IGST Act, which requires payment in convertible foreign exchange. Another contributor suggests that payments in INR may qualify under certain conditions, such as transactions through a Vostro account. Additional points include the requirement for export contracts and invoices to be denominated in freely convertible currency or INR, with specific provisions for transactions involving the Asian Clearing Union and certain government relaxations.