https://www.taxtmi.com/article/detailed?id=7454 The IGST Act requires payment for export of services to be received in convertible foreign exchange. Prior FEMA notifications and Exchange Control Manual treatments, endorsed by tribunal decisions, have treated certain INR receipts from foreign accounts or repatriated rupee payments as constituting foreign exchange. Because GST contains no separate definition of convertible foreign exchange, those established regulatory and judicial treatments should govern whether INR receipts satisfy the IGST export condition, and continuing the pre GST practice will generally preserve export qualification. en-us Sat, 10 Jun 2017 05:39:00 +0530 Sat, 10 Jun 2017 05:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7454 The IGST Act requires payment for export of services to be received in convertible foreign exchange. Prior FEMA notifications and Exchange Control Manual treatments, endorsed by tribunal decisions, have treated certain INR receipts from foreign accounts or repatriated rupee payments as constituting foreign exchange. Because GST contains no separate definition of convertible foreign exchange, those established regulatory and judicial treatments should govern whether INR receipts satisfy the IGST export condition, and continuing the pre GST practice will generally preserve export qualification. Articles Goods and Services Tax - GST Sat, 10 Jun 2017 05:39:00 +0530 https://www.taxtmi.com/article/detailed?id=7454