Foreign exchange ???
This query is : Open
26 November 2012
Dear sir
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
26 November 2012
Yes, this is a revenue transaction.
26 November 2012
means thier is no problem of fema ?
27 November 2012
This is not permitted under FEMA.
Anuj
Femaquery@gmail.com
Anuj
Femaquery@gmail.com
27 November 2012
Mr Anuj is very much correct.
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
