Clarification in respect of receipt of payment for export of goods or services

Clarification in respect of receipt of payment for export of goods or services https://www.taxtmi.com/circulars?id=71761 Receipt of export-service consideration in convertible foreign exchange or repatriable INR accounts, including SNRR and INR Nostro accounts, satisfies the IGST export condition. Payments to stock brokers through SNRR or NRE accounts qualify, while NRO payments must be routed through repatriable INR accounts. RBI-compliant set-off of export receivables against import payables, and net retention of reinsurance-broker commission that extinguishes the exporter's realisation obligation under FEMA, also satisfy the condition. en-us Mon, 26 Oct 2026 00:00:00 +0530 Tue, 27 Oct 2026 11:24:55 +0530 TaxTMI RSS Generator Clarification in respect of receipt of payment for export of goods or services https://www.taxtmi.com/circulars?id=71761 Receipt of export-service consideration in convertible foreign exchange or repatriable INR accounts, including SNRR and INR Nostro accounts, satisfies the IGST export condition. Payments to stock brokers through SNRR or NRE accounts qualify, while NRO payments must be routed through repatriable INR accounts. RBI-compliant set-off of export receivables against import payables, and net retention of reinsurance-broker commission that extinguishes the exporter's realisation obligation under FEMA, also satisfy the condition. Circulars GST Mon, 26 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71761