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Payment routed through Intermediary as per FEMA, a ‘receipt in foreign currency’, Allows IGST-refund – HC

The Madras HC rightly held that merely because receipts are routed through the Intermediary (i.e. Paypal) and received in Indian currency ipso-facto would not  mean that Assessee, an online investment service provider, has not exported services within the meaning of Section 2(6) of IGST Act. 

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