19 May 2009
Can an Indian Company raise a bill on another Indian Company in a currency other than rupees? Please let me know with relevant provisions. Thank you.
19 May 2009
The raising of the bill depends on where the transaction takes place because matters like excise, sales tax, freight insurance etc are slso involved. Local laws applicable at the time and place of billing will have to be respected as sales tax / service tax which ever is applicable is not the same in all countries Further the local laws regarding info to be furnished in the bill form also should be taken care of. X company registered in India can bill y company also registered in India in a foreign currency if the transaction originates at the branch office of X located outside India.
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