Dear Sir, My Client having a Interior Firm on proprietor ship basis, recently he is received a contract for renovation and making some wooden furniture from a NRI for their Delhi base Flat of NRI. For the said work my client received a remittance as advance from USA through banking channel for 20000 us dollar what will be the impact in vat as my client is a registered dealer in Delhi VAT , how i will pass the entry for sale and in bank ledger , please help me,
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Impact on NRI RECEIPT
Replies (1)
I donot find any issue on the same . Book your sales as local sales and make entries accordingly. Money coming from outside shall not alter the character of sale transaction.
Anuj
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