https://www.taxtmi.com/forum/issue?id=109173 A service provider can issue an invoice in foreign currency when the contract is in that currency; the invoice should state the exchange rate so that the value for service tax is determinable. The recipient may use the invoice exchange rate to account for the transaction and avail Cenvat credit, or alternatively use the bi monthly foreign exchange rate published by the Central Government for conversion into domestic currency. en-us Tue, 15 Sep 2015 14:52:29 +0530 Thu, 23 Jan 2025 15:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109173 A service provider can issue an invoice in foreign currency when the contract is in that currency; the invoice should state the exchange rate so that the value for service tax is determinable. The recipient may use the invoice exchange rate to account for the transaction and avail Cenvat credit, or alternatively use the bi monthly foreign exchange rate published by the Central Government for conversion into domestic currency. Discussion-Forum Service Tax Tue, 15 Sep 2015 14:52:29 +0530 https://www.taxtmi.com/forum/issue?id=109173