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Export of Service - Payment received in Indian Rupees with support of FIRCill ths th
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....xport of Service - Payment received in Indian Rupees with support of FIRCill ths th<br> Query (Issue) Started By: - Vinay Kunte Dated:- 7-7-2013 Last Reply Date:- 12-7-2013 Service Tax<br>Got 3 Replie....
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....s<br>Service Tax<br>My query is as under: One of our clients receives payment against the export of Service in Indian Rupees in his bank account directly from the overseas bank of the Customers with ....
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....the supporting document in form of FIRC. Will this qualify for the exemption under export of Service or the receipt against FIRC is enough to prove that the Service has been exported and the payment ....
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....is received as required in Foreign currency as supported by FIRC? Please confirm. Reply By Pradeep Khatri: The Reply: In this scenario the FIRC should be converted to BRC to avail the benefit of ex....
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....port of services. Reply By Vinay Kunte: The Reply: Can you please explain the term BRC? Reply By KAMARAJ RENGARAJ: The Reply: BRC= BANK REALISATION CERTIFICATE ISSUED FROM BANK WHICH IS ACCEPTED B....
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....Y THE EXCISE AUTHORITIES AS PROOF OF PAYMENT FOR THE EXPORT.<br> Discussion Forum - Knowledge Sharing ....