We are multination company having office in India. Our parent company located outside India got order from Indian company and full order placed on foreign company. Now our foreign company wants to purchase some material locally through Indian subsidairy by placing PO on Indian company. Our India company is located in Mumbai and we would like to purchase material from Karnataka and also delivery at Karnataka. Please advise whether C form can be issued to Karnataka Vendor by Indian company located in Mumbai. Also what tax shall be applicable when Indian company sell material to foreign company.
CAclubindia
