Exchange rate
This query is : Resolved
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.
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.
Amol S Joglekar
(Expert)
03 November 2016
Indian company is raising bill in $ or INR?
03 November 2016
Indian company is raising the invoice in INR.
and also please let me know whether billing done in $.
and also please let me know whether billing done in $.
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.
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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04 November 2016
Should I consider the Exchange rate as per Management decision.
KAVIRAJA ADDANGADI
(Expert)
04 November 2016
You have to consider exchange rate as on prevailing date.
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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