How to do the billing if billing to be done at interstate.But payment recd in foreign currency.Whether billing in INR or USD
Read more at: https://www.caclubindia.com/forum/create_message.asp?cat_id=
Menu
How to do the billing if billing to be done at interstate.but payment recd in foreign currency.
Replies (11)
Your question is with respect to export of goods or services?
or bill to foreign party, ship to customer in India (different state)
Bill in INR
bill to foreign party, ship to customer in India (different state)
Bill in INR
thank you
| Originally posted by : Muthu Lakshmi | ||
 |
bill to foreign party, ship to customer in India (different state) |  |
This will not qualify as export of goods. You need to pay tax by issuing tax invoice with IGST in INR.
Yes, i agree with your view mam.
| Originally posted by : Muthu Lakshmi | ||
|
bill to foreign party, ship to customer in India (different state) | |
If You mean.,
The Foreign Party in India...?
If Yes... You can follow as per our expert Ms. CA PADMASRI MANYAM's view as
Tax Invoice preparable to Interstate movement with IGST. Based currency our Indian Rupee (INR)
If the foreign party in abroad. Whether your answer is different
No...
| Originally posted by : Muthu Lakshmi | ||
|
bill to foreign party, ship to customer in India (different state) | |
Read more about this transaction (complications) in the below link: https://taxindiaonline.com/RC2/print_story.php?newsid=32673
Recent Threads
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
Related Threads
CAclubindia
