Fema queries
This query is : Resolved
16 September 2016
Can some one please tell me whether we can raise a Foreign currency invoice for the services done in India and can the same be recd in the FC
Thanks and regards
raghunath
Thanks and regards
raghunath
Guest
Guest
(Expert)
12 October 2016
LEGALLY there is no bar. However it is unusual for an Indian to raise invoice in foreign currency - hence it may come under scrutiny of officials. If the amount is small / infrequent, do not worry. But if it happens regularly, then you may be facing some queries / enquiries from RBI/ED.
15 October 2016
thanks for the insight
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
