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,
RAMESH KUMAR VERMA
(Expert)
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,
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