Firc and paypal
This query is : Resolved
18 January 2012
We have a company which receives its bill amount through Paypal for export of software services. It would be grateful if someone could guide through any statutory compliance required to be done for this.
18 January 2012
Miss Meenakshi,
Export of any goods is exempt from all taxes and duties....MJK
Export of any goods is exempt from all taxes and duties....MJK
23 January 2012
From FEMA Angle you just need to submit your FIRC to your bankers for reporting of export & closure of export bill in their records. Ideally within 21 days.
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