TMI BlogExport GenerX X X X Extracts X X X X X X X X Extracts X X X X ..... FOREX TRANSACTION MODEL USD 10000 invoice raised to Party on 1-4-2017 Material shipped on Board (B/L Date) is 10-4-2017 Party made Payment on 20-4-2017 Amount Received at our Bank - USD 9980 My q ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uestion is, how to account this transaction. 1. In Tally, which should be the invoice date as entered, whether the invoice raised date or Shipped on Board Date as Invoice Date. 2. Which USD : INR E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xchange rate should be used for making Invoice Entry in Tally, whether as per Custom Bill Rate or prevailing Exchange rate on the date of shipment (B/L Date) 3. We receive always USD 20-50 short per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remittance, how to Account this short of amount, whether Dollar Collection Charges or some other means. 4. USD 9980 received is converted in INR and credited to our Account on 20-04-2017, on this dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e exchange rate is different than on 10-4-2017, which results in FOREX GAIN/LOSS. How to handle it and difference will liable to gst. Kindly solve our queries. - Reply By YAGAY and SUN - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = RBI reference rate would be taken. Short payment would be treated as Bank Charges. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Thanks Yagay for your reply. - Export Gener - Query Starte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d By: - Shashi G Dated:- 9-7-2018 FEMA - Foreign Exchange Management - Got 2 Replies - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia - 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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