https://www.taxtmi.com/forum/issue?id=106875 Under the reverse-charge regime for import of services, exchange-rate differences between a book provision and actual foreign-currency payment are taxable; service tax must be computed using the customs notified exchange rate. For services from an associated enterprise discharged on accounting of provisions, the notified rate as of the accounting date governs tax computation, and excess payments due to favorable exchange movements may be adjusted or refunded. en-us Wed, 04 Jun 2014 10:15:44 +0530 Thu, 23 Jan 2025 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106875 Under the reverse-charge regime for import of services, exchange-rate differences between a book provision and actual foreign-currency payment are taxable; service tax must be computed using the customs notified exchange rate. For services from an associated enterprise discharged on accounting of provisions, the notified rate as of the accounting date governs tax computation, and excess payments due to favorable exchange movements may be adjusted or refunded. Discussion-Forum Service Tax Wed, 04 Jun 2014 10:15:44 +0530 https://www.taxtmi.com/forum/issue?id=106875