CCI Online Learning
50% OFF in CA/CS/CMA Subjects
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Writing off Export Invoices as bad debts - FEMA guildelines


Dear Friends,

A client of mine is into export of Software Consulting service to a related party overseas. They have been billing the hours based on the TP regulations. But during finalisation of the books the client wants to reverse certains hours from several invoices since the ultimate customer has terminated the project citing quality issues in delivery. Can the indian entity reverse those hours against those invoices with reference to the FEMA guidelines? In such case what are the supporting documents needed to do so?

Regards Sathyanaath K



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
GST Live Class    |    x