28 April 2016
My client does a job of printing and supplying brochures and pamphlets on behalf of foreign colleges based in new Zealand. the client gets order on email along with design and gets it printed and despatches them to various colleges in India only as advised by foreign college. Then he raises invoice to that foreign college and the invoice is based on rupee rate fixed earlier but converted every time to dollars based on current rate. The physical export dint happen but payment is received in dollars.
My query is will it be export and whether sales tax or vat needs to be paid if it is not export.
CAclubindia
