https://www.taxtmi.com/forum/issue?id=107550 Export of service qualifies only when specified conditions are met: provider in taxable territory, recipient outside India, service not excluded, place of provision outside India, payment received in convertible foreign exchange, and parties not mere establishments of a distinct person. The convertible foreign exchange receipt condition is crucial; however, invoicing in INR may be acceptable where the banker actually receives convertible foreign currency and credits the exporter's account in rupees (including remittances via VOSTRO accounts), as reflected in an appellate decision and RBI guidance. en-us Wed, 05 Nov 2014 12:36:23 +0530 Thu, 23 Jan 2025 15:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107550 Export of service qualifies only when specified conditions are met: provider in taxable territory, recipient outside India, service not excluded, place of provision outside India, payment received in convertible foreign exchange, and parties not mere establishments of a distinct person. The convertible foreign exchange receipt condition is crucial; however, invoicing in INR may be acceptable where the banker actually receives convertible foreign currency and credits the exporter's account in rupees (including remittances via VOSTRO accounts), as reflected in an appellate decision and RBI guidance. Discussion-Forum Service Tax Wed, 05 Nov 2014 12:36:23 +0530 https://www.taxtmi.com/forum/issue?id=107550