Recieving foreign money

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Bhagyashree Anvekar (Querist)
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21 August 2019 If we accept online work at home like people per hour website or fiverre or upwork we receive foreign currency. Is it ok to accept foreign currency. do we fall under FCRA rules. pls advice. In india is it acceptable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 August 2019 FCRA rules applicable only for donation.
Register under GST portal simple no GST applicable/payable furnish letter of undertaking in GST portal.
Accept online work and earn foreign currency.

Bhagyashree Anvekar

Bhagyashree Anvekar (Querist)
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21 August 2019 Thank you for your reply Mr. SEETHARARAMAN can you elaborate?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 August 2019 FCRA not applicable on receipt of foreign currency out of export of goods and services.

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