Sales out to out in export sales

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

Replies (1)

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

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