Can indian company accept usd payment from indian customer
This query is : Resolved
27 April 2017
Dear All,
We come to across a situation where my Customer who is in India asking us to accept payments in USD for services given in India. We are registered in India as India Pvt Ltd.
Looking forward for your suggestion.
Regards,
Nitesh Raghuvanshi
We come to across a situation where my Customer who is in India asking us to accept payments in USD for services given in India. We are registered in India as India Pvt Ltd.
Looking forward for your suggestion.
Regards,
Nitesh Raghuvanshi
28 April 2017
An Indian company can’t accept payment in foreign currency from an Indian Vendor. Please refer to RBI Master Directions in this regard.
10 May 2017
Dear ND Sir,
can i have the reference link for the same ? since my customer is transferring USD to other indian vendors, they strongly believe that they can do USD transactions between Indian Customer & Indian Vendor.
can i have the reference link for the same ? since my customer is transferring USD to other indian vendors, they strongly believe that they can do USD transactions between Indian Customer & Indian Vendor.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- TDS AND ITR ISSUE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Journal entry of busniess expenses
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
