Can Domestic sale invoice be raised in Foreign currency?
This query is : Resolved
19 November 2008
Whether an Indian seller raise a domestic sale invoice in foreign currency? the sale is between two DTA's operating in India.
Ravikumar.G
(Expert)
19 November 2008
Yes. But it cannot be treated as an export sale or export service.
19 November 2008
RBI Guidelines says it is obligatory to export goods against foreign currency recived?
Ravikumar.G
(Expert)
19 November 2008
Can you just provide me that respective guidelines.
19 November 2008
But why will anybody transact in foreign currency for a local sale? And moreover, how does one charge VAT and service tax applicable
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