Insurance Auxiliary Services - brokerage received from overseas ...

Brokerage from Overseas Reinsurance: Export of Service Without Foreign Exchange Payment Under Export of Service Rules, 2005.

June 12, 2020

Case Laws Service Tax AT

Insurance Auxiliary Services - brokerage received from overseas reinsurance - Export of service or not - Non receipt of consideration in foreign exchange - the basis of the circular, which is clarified that Notification Nos. 6/99, 9/01, 13/02 and 2/03 would not apply to export of service, the question of receiving the payment in convertible foreign exchange does not arise. Even the Export of Service Rules, 2005 does not put an embargo in relation to taxable service as specified in Rule 3(3)(i), (ii) and (iii) of the Export of Service Rules.

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Insurance Auxiliary Services - brokerage received from overseas ...

Brokerage from Overseas Reinsurance: Export of Service Without Foreign Exchange Payment Under Export of Service Rules, 2005.

June 12, 2020

Case Laws Service Tax AT

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