Export invoicing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2012
Dear Sir/Madma,
Company A : MNC Company & 100% Parent of B
Company B : Indian & 100% subsidiary of A
Company C : Indian Company and customer
C places order on A for a big contract.
A places order on B for few parts of this big contract.
As per instruction B supplies to C with ED & CST
Now B wants to raise invoice on A.
Can he raise invoice without actually the material being exported? If yes, which taxes he can charge?
Regards,
Company A : MNC Company & 100% Parent of B
Company B : Indian & 100% subsidiary of A
Company C : Indian Company and customer
C places order on A for a big contract.
A places order on B for few parts of this big contract.
As per instruction B supplies to C with ED & CST
Now B wants to raise invoice on A.
Can he raise invoice without actually the material being exported? If yes, which taxes he can charge?
Regards,
26 May 2012
If company B mentioned iec code too only local charges such as vat / cst will be given .
if "b" physical export in india in SEZ deemed drawback incentive will be given in this condition to "c"
any query,
if "b" physical export in india in SEZ deemed drawback incentive will be given in this condition to "c"
any query,
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Opting our of sec 44AD
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Multiple trade mark
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
