Section 67A- Rate of Exchange, Service Tax

[PRASHANT RAMI]

Service Tax - Section 67A:

The Domestic Company is entered into an agreement with other Domestic Company for continueous services. The billing is done in foreign currency on the monthly basis. The payment is made by the service receiver company in foreign currency only. If Section 67A is applicable in this situation? If yes then what are the implications of the same? 

Posts / Replies

[Pradeep Khatri]

If the both companies are Indian then, why payments are being made in the Foreign Currency. Please explain it.