https://www.taxtmi.com/forum/issue?id=118777 Zero-rating depends on receipt of payment in convertible foreign exchange or permitted rupee remittance; ledger or book adjustments offsetting receivables and payables generally do not satisfy the statutory payment requirement for export of services. While the place of supply being outside India negates domestic GST levy, any reliance on central bank guidance or arbitration-based mutual adjustments to characterize book entries as payment must be validated under foreign exchange (FEMA) rules before claiming zero-rating. en-us Tue, 26 Sep 2023 22:40:45 +0530 Thu, 23 Jan 2025 14:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118777 Zero-rating depends on receipt of payment in convertible foreign exchange or permitted rupee remittance; ledger or book adjustments offsetting receivables and payables generally do not satisfy the statutory payment requirement for export of services. While the place of supply being outside India negates domestic GST levy, any reliance on central bank guidance or arbitration-based mutual adjustments to characterize book entries as payment must be validated under foreign exchange (FEMA) rules before claiming zero-rating. Discussion-Forum GST Tue, 26 Sep 2023 22:40:45 +0530 https://www.taxtmi.com/forum/issue?id=118777