Payment to vendor
This query is : Resolved
27 May 2020
we are agents of a foreign shipping line and hence issue invoice in the name of our principal who are registered with GST in India but the bank account is in the name of agents as foreign shipping line cannot open a bank account so question is when vendor making payment to agents is there any restriction as payment is made to agents while the invoice is in the name of foreign shipping line having gst registration India
CA R SEETHARAMAN
(Expert)
28 May 2020
The agents have authorisation letter to receive the payment it's not a problem.
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