https://www.taxtmi.com/forum/issue?id=120583 Domestic transactions may show USD prices, but GST requires the taxable value and tax to be stated and accounted for in INR, and FEMA generally prohibits foreign currency settlements between Indian residents; an exception permitting USD invoicing and settlement exists where the supply qualifies for SEZ or free convertible currency treatment under regulatory master directions. en-us Thu, 06 Nov 2025 21:17:52 +0530 Wed, 12 Nov 2025 08:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120583 Domestic transactions may show USD prices, but GST requires the taxable value and tax to be stated and accounted for in INR, and FEMA generally prohibits foreign currency settlements between Indian residents; an exception permitting USD invoicing and settlement exists where the supply qualifies for SEZ or free convertible currency treatment under regulatory master directions. Discussion-Forum Indian Laws Thu, 06 Nov 2025 21:17:52 +0530 https://www.taxtmi.com/forum/issue?id=120583