How to do the billing if billing to be done at interstate.But payment recd in foreign currency.Whether billing in INR or USD
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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
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