GST:
Clarifications issued relating to export of services–sub-clause(iv) of the Section 2 (6) of the IGST Act 2017: When the Indian exporters, undertaking export of services, are paid the export proceeds in INR from the Special Rupee Vostro Accounts of correspondent bank(s)of the partner trading country, opened by AD banks, the same shall be considered to be fulfilling the conditions of sub-clause (iv) of clause (6) of section 2 of IGST Act, 2017, subject to the conditions/ restrictions mentioned in Foreign Trade Policy,2023 & extant RBI Circular sand without prejudice to the permissions / approvals, if any, required under any other law. [Circular No.202/14/2023-GST dated 27th Oct 2023]
