04 September 2014
I have a query regarding invoicing of services, and information to be filled in ROC.
One of my known person is running a tour's & travels company.He has registered a pvt ltd company.He has clients across over the world. Firstly the point is whether it is necessary for him to invoice in foreign currencies to his clients and for his books too.. secondly whether he can derive any benefits invoicing in foreign currency like say any abatement in service tax or so.
Also weather is there any condition or rule that he should file the details of the foreign currencies received and paid during the financial year.