Formalities for inward remittance
This query is : Resolved
13 March 2020
sir,
we received an order from overseas buyer for manufacturing of garments
the garments to be handed over to an exporter in India for further process and Export in his name
buyer will make payment in US$ to us the manufacturing charges and exporter for other processing charges
we are raising invoice to buyer for the garment manufacture value and we get the payment
please advise what is the procedures and formalities to be followed by us
request you to advise
thanks
madhava guru
we received an order from overseas buyer for manufacturing of garments
the garments to be handed over to an exporter in India for further process and Export in his name
buyer will make payment in US$ to us the manufacturing charges and exporter for other processing charges
we are raising invoice to buyer for the garment manufacture value and we get the payment
please advise what is the procedures and formalities to be followed by us
request you to advise
thanks
madhava guru
13 March 2020
Register under GST. Furnish letter of undertaking in GST portal to avoid GST payment on such export. Meet your banker with export orders and invoice for receiving the money.
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
- GST Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Rent on gst on self ownership commercial property
- 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
Trending Online Classes
CAclubindia
