Dear Sir, My Client having a Interior Firm on proprietor ship basis, recently he is received a contract for renovation and making some wooden furniture from a NRI for their Delhi base Flat of NRI. For the said work my client received a remittance as advance from USA through banking channel for 20000 us dollar what will be the impact in vat as my client is a registered dealer in Delhi VAT , how i will pass the entry for sale and in bank ledger , please help me,
Menu
Impact on NRI RECEIPT
Replies (1)
I donot find any issue on the same . Book your sales as local sales and make entries accordingly. Money coming from outside shall not alter the character of sale transaction.
Anuj
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
