22 June 2016
if indian company receives amount in INR from the foreign entity towards service provded by Indian co. then indian co.'s bank will issue foreign inward remittance certificate...?
p.s.
1. invoice is raised by Indian co. in INR
2. foreign co. converts the foreign currency (say usd) into INR from their bank..hence Indian company receives directly INR in it's bank.
CAclubindia
