Export of service-payment receipt in indian rupees
Gaurish Puranik (Article) (28 Points)
28 June 2016Gaurish Puranik (Article) (28 Points)
28 June 2016
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 29 June 2016
Gaurish Puranik
(Article)
(28 Points)
Replied 29 June 2016
Yes. I know that FIRC is issued by bank. But in this case SP is receiving amount in indian rupees via mediator. Also note that mediator too located out of india. This mediators receive amount through USA company(SR). Then mediator pays off to SP. Mediator gets exchange rate benefits. But the main contract to provide service is between SP(india) and SR (USA) only.
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 29 June 2016
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