Muthu Lakshmi (Finance head) (93 Points)
05 June 2018How 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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CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 05 June 2018
Your question is with respect to export of goods or services?
or bill to foreign party, ship to customer in India (different state)
Muthu Lakshmi
(Finance head)
(93 Points)
Replied 06 June 2018
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 06 June 2018
| 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.
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 06 June 2018
| 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)
Muthu Lakshmi
(Finance head)
(93 Points)
Replied 06 June 2018
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 07 June 2018
| 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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