Correct time to deposit service tax & Applicability of exchange rate

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....orrect time to deposit service tax & Applicability of exchange rate<br> Query (Issue) Started By: - Amit Mohan Dated:- 17-12-2005 Last Reply Date:- 14-1-2006 Service Tax<br>Got 1 Reply<br>Service Tax<....

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....br>Our company is 100% subsidiart of Brussels base company. Our parent company directly received the payment in EURO from Gail on Which we have to deposit the Service tax. we want to know at which tim....

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....e we Have to deposit the Service tax i.e on receipt of payment in Brussels and what exchange rate we have to apply TT buying rate or TT selling rate. Reply By S Gupta: The Reply: You should calculate....

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.... the service tax liabity on the receipt in foreign exchange on the same amount and rate as applied by your bank while giving credit in your account.<br> Discussion Forum - Knowledge Sharing ....