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Exchange rate

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(Querist)
03 November 2016 Hello,

If parent company in US and subsidiary company in India.
now Indian company is proving service to US parent company how to consider exchange rate in case of sale bill.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 November 2016 Indian company is raising bill in $ or INR?
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Suraj

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Suraj (Querist)
03 November 2016 Indian company is raising the invoice in INR.

and also please let me know whether billing done in $.
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Amol S Joglekar

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Amol S Joglekar (Expert)
04 November 2016 The bills are raised in INR. Hence the Indian Company does not have to think of exchange rate. The fluctuation RISK is that of Parent Company.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 November 2016 If billed in foreign currency than you have to book invoice date prevailing rate of exchange equalent to Indian Rupees, during receipt of money any variations in exchange rate booked under exchange gain/loss fluctuation a/c
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Suraj

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Suraj (Querist)
04 November 2016 Should I consider the Exchange rate as per Management decision.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 November 2016 You have to consider exchange rate as on prevailing date.
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 November 2016 SBI rate for TT or MIBOR or LIBOR may be taken as exchange rate
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