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For claiming exemption under Service Tax (export) we need a FIRC.
FIRC is a proof that the earning was in foreing currency.
Now, the bank does not provide the FIRC since they receive the funds in INR from either Western Union (Elance) or ODesk (Upwork) via NEFT. Therefore, the bank says, since they are not the ones involved in conversion from USD to INR, they cannot provide FIRC.
How to obtain this document then?
If you or someone in the community has found an effective solution, please be kind to share and oblige.
as per GST law and save 18% tax we need this document (FIRC) to proof that payment came from abroad and what paid in foreign currency. hence it will qualify for export of service and payments from upwork will qualify for exempt from tax.
Has any body found a solution. Also does any one knows which bank is used by Upwork to transfer money to India.
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