Vinay Vohra & Co.

Clarification Regarding Admissibility of Export Remittances Received in Special INR Vostro Account | Circular

Best Taxation Service

We are a thriving firm of Chartered Accountants with the goal of providing a one-stop shop for all financial services.

Business Strategy & Growth

We believe integrity is the quintessential value that is the engine behind getting things done in the organization.

Highly Dedicated Worker

You can put your trust in the economic realm and expect the best outcome. With a strong team that possesses the necessary skill set .

export proceeds in INR

Circular No. 202/14/2023-GST dated October 27th, 2023

The CBIC has clarified that when the Indian exporters 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 admissible for treating as exports under GST subject to the conditions/ restrictions mentioned in Foreign Trade Policy, 2023 & extant RBI Circulars.

Click Here To Read The Full Circular

The post Clarification Regarding Admissibility of Export Remittances Received in Special INR Vostro Account | Circular appeared first on Taxmann Blog.

source

1

Auditing - Assurance

2

Goods & Services Tax

3

Investment in India by Foreign Nationals & NRI's

4

Accounting & Bookkeeping

5

International Taxation

6

Startup Services

7

Mergers & Acquisition Advisory

8

Income Tax

9

Corporate Financial Services

10

Indian Business Advisory Service
Have Any Question?

Always willing to lend a hand and answer any questions you may have. It would be great if you could contact us.

Newsletter

Signup our newsletter to get update information, insight or news