https://www.taxtmi.com/forum/issue?id=114954 Supplies made and billed to an overseas party but delivered in India are domestic transactions for GST; export treatment is unavailable if goods do not cross the border. Receipt of payment from the overseas billed party is nonetheless permissible under FEMA: banks may receive inward remittance in free foreign exchange or credit INR balances (Vostro accounts) under the Foreign Exchange Management (Manner of Receipt and Payment) Regulations and related RBI circulars, provided the prescribed purpose code and documentary justification are furnished. Practical alternatives include payment via the Indian recipient or routing through an FTWZ with a bill of export. en-us Thu, 09 May 2019 12:21:20 +0530 Thu, 23 Jan 2025 15:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114954 Supplies made and billed to an overseas party but delivered in India are domestic transactions for GST; export treatment is unavailable if goods do not cross the border. Receipt of payment from the overseas billed party is nonetheless permissible under FEMA: banks may receive inward remittance in free foreign exchange or credit INR balances (Vostro accounts) under the Foreign Exchange Management (Manner of Receipt and Payment) Regulations and related RBI circulars, provided the prescribed purpose code and documentary justification are furnished. Practical alternatives include payment via the Indian recipient or routing through an FTWZ with a bill of export. Discussion-Forum FEMA Thu, 09 May 2019 12:21:20 +0530 https://www.taxtmi.com/forum/issue?id=114954