Dinesh & Company base in Bangalore want to sale material to ABC Ltd-Dubai but material delivary to ABC-Ltd Banglore
Payment directly come to Dinesh & Co. from ABC Ltd-Dubai
ABC Ltd dubai raise sales invoice to ABC Ltd-Bangalore
Kindly let me know the tax implication of Vat/Cst
Further i want to know the implication of any other law like FEMA/RBI/Income Tax etc
EXPORT SALES MEANS ITS A MUST GOODS SHOULD HAVE CROSSED THE COUNTRY, AND ONLY THEN ITS EXPORTED U CAN SUBMIT THE DOCUMENTS LIKE INVOICE / LC OR CONTRACT / BL OR AWB / SHIPPING BILL FOR BOTH SALES TAX DEPT AND RBI THRU BANKER AND COLLECT THE FOREIGN EXCHANGE EITHER IN ADVANCE OR AS PER CREDIT TERM AND IN CASE U CREDIT LIMIT EXCEEDS 360 DAYS YOU NEED TO GET PERMISSION FROM RBI .
U CAN GET FOREIGN EXCHANGE ONLY THROUGH BANK OR RBI AUTHORISED FINANCIAL SERIVCE AGENCIES.
I CANT UNDERSTAND Y U RAISE SUCH QUESTION
CAclubindia
