TMI BlogBill to overseas, Ship to India from IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... The situation is as follow We produce machine in India and is under Contract Manufacturing Agreement with our Principal. We will now have to deliver a machine in India and bill to principal who is ov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erseas. We will get the money from our principal. Should we include the GST as the delivery is to India when we bill? though the buyer is our Principal. What is the code under which the foreign curr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ency can be cleared from the bank and what documents need to be produced to the bank? It would be of great help if experts answer this query. Also, let me know the clause under which this situation i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s described. Thanks. - Reply By YAGAY and SUN - The Reply = Under FTP 2015-2020 , Such transaction may be treated at par with Deemed Exports but under GST Law only four categories are recognised a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Deemed Export and the above transaction does not fall under the category of Deemed Export. Hence liable to GST. - Bill to overseas, Ship to India from India - Query Started By: - Shrinivasaraghav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an P V Dated:- 22-5-2018 FEMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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