https://www.taxtmi.com/forum/issue?id=118426 Export of services requires meeting IGST Act ingredients including receipt of payment in convertible foreign exchange. Banks have largely discontinued issuing physical FIRCs for normal trade and now provide electronic records or Foreign Inward Remittance Advice (FIRA) or bank remittance advices; such bank advices and e records suffice as proof of receipt in convertible foreign exchange. Authorities cannot reject export claims solely for lack of a physical FIRC and must verify facts with bankers; the burden rests on the authority to disprove export once evidence of receipt is furnished. en-us Fri, 17 Mar 2023 13:16:44 +0530 Thu, 23 Jan 2025 15:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118426 Export of services requires meeting IGST Act ingredients including receipt of payment in convertible foreign exchange. Banks have largely discontinued issuing physical FIRCs for normal trade and now provide electronic records or Foreign Inward Remittance Advice (FIRA) or bank remittance advices; such bank advices and e records suffice as proof of receipt in convertible foreign exchange. Authorities cannot reject export claims solely for lack of a physical FIRC and must verify facts with bankers; the burden rests on the authority to disprove export once evidence of receipt is furnished. Discussion-Forum Service Tax Fri, 17 Mar 2023 13:16:44 +0530 https://www.taxtmi.com/forum/issue?id=118426