PayPal valid mode for Receipt of Foreign Export Proceeds under FEMA for GST Purposes: Madras HC [Read Order]
Merely because the receipts are rooted through the intermediary and received in Indian currency ipso facto would not mean that the petitioner has not exported services - Madras HC
By Manu Sharma - On March 6, 2024 8:35 pm - 3 mins read
A Single Bench of the Madras High Court has held that PayPal is a valid mode for receipt of foreign export proceeds under Foreign Exchange Management Act and Goods and Services Tax Act. The Goods and Services Tax – GST Appellate Authority under the provisions of the respective GST enactments had rejected the appeals filed…
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