Reverse Charge: Service Tax on Exchange Rate Variations Due at Transaction Record, Not Payment Time.

Reverse Charge: Service Tax on Exchange Rate Variations Due at Transaction Record, Not Payment Time. https://www.taxtmi.com/highlights?id=41263 Reverse charge - variation in the value due to exchange rate variation - the service tax in all such cases is required to be determined, immediately when the transaction between the Associated Enterprises get reflected in the books of account and not when the payment is made. en-us Thu, 06 Sep 2018 08:40:29 +0530 Thu, 06 Sep 2018 08:40:29 +0530 TaxTMI RSS Generator Reverse Charge: Service Tax on Exchange Rate Variations Due at Transaction Record, Not Payment Time. https://www.taxtmi.com/highlights?id=41263 Reverse charge - variation in the value due to exchange rate variation - the service tax in all such cases is required to be determined, immediately when the transaction between the Associated Enterprises get reflected in the books of account and not when the payment is made. Highlights Service Tax Thu, 06 Sep 2018 08:40:29 +0530 https://www.taxtmi.com/highlights?id=41263