Export of services
This query is : Resolved
rangarajanr2000
(Querist)
28 May 2017
A invoice is raised on 5th july 2017 for export of services. Payment is received in foreign exchange in Oct 2017.
When should an assessee declare the export
a) in the month of july when invoice is raised or
b) in the month of Oct when payment is received
c) what is the exchange rate to be adopted customs exchange rate or bank exchange rate
When should an assessee declare the export
a) in the month of july when invoice is raised or
b) in the month of Oct when payment is received
c) what is the exchange rate to be adopted customs exchange rate or bank exchange rate
CA R SEETHARAMAN
(Expert)
28 May 2017
a) In the month of July when invoice is raised.
c) Adopt customs exchange rate.
c) Adopt customs exchange rate.
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