We have a company account in PKR in a local bank. There are two questions that I have:
If the client performs a direct wire transfer and pays us in our account, does IT Service Tax apply or is that only applies if the payment is made locally?
Will the payment undergo double conversion since I have a PKR account and the client is paying in USD. Will it help in any way if I ask them to choose PKR as the receiving currency? Basically, the goal is to reduce conversion overheads and I am looking for the best suggestion in this regard.