Recieving foreign money
This query is : Resolved
Bhagyashree Anvekar
(Querist)
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
(Expert)
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.
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
(Querist)
21 August 2019
Thank you for your reply Mr. SEETHARARAMAN can you elaborate?
CA R SEETHARAMAN
(Expert)
21 August 2019
FCRA not applicable on receipt of foreign currency out of export of goods and services.
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