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  1. There is no restriction on invoicing of export contracts in Indian Rupee. Further, in terms of Para 2.52 (a) of the Foreign Trade Policy (2015-2020), export proceeds against specific exports may also be realised in rupees, provided it is through a freely convertible Vostro account of a non-residentRead more

    There is no restriction on invoicing of export contracts in Indian Rupee. Further, in terms of Para 2.52 (a) of the Foreign Trade Policy (2015-2020), export proceeds against specific exports may also be realised in rupees, provided it is through a freely convertible Vostro account of a non-resident bank situated in any country other than a member country of the Asian Clearing Union (ACU) or Nepal or Bhutan. Export contracts and invoices can be denominated in Indian rupees against EXIM Bank/Government of India line of credit.

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Anonymous
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  1. A tax invoice is a document legally recognized by a government authority and is issued by the authorized dealer to a purchaser, it shows the tax amount payable for the exchange of goods or services.Where an invoice is a document issued from a buyer to a seller indicating the amount due for the goodsRead more

    A tax invoice is a document legally recognized by a government authority and is issued by the authorized dealer to a purchaser, it shows the tax amount payable for the exchange of goods or services.Where an invoice is a document issued from a buyer to a seller indicating the amount due for the goods or services exchanged.
    As the name suggests the tax invoice contains an additional clause indicating the tax or GST amount payable. The invoice does not have any tax indication.
    The main objective of a tax invoice is to request payment for goods or services rendered. The main objective of the tax invoice is to avail tax credit or tax relief.

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