TaxTMI 
TaxTMI 
Export Gener
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....xport Gener<br> Query (Issue) Started By: - Shashi G Dated:- 9-7-2018 Last Reply Date:- 8-8-2018 FEMA<br>Got 2 Replies<br>FEMA<br>FOREX TRANSACTION MODEL USD 10000 invoice raised to Party on 1-4-2017....
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.... 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 question is, how to account this transaction. 1. In Tally, which shou....
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....ld be the invoice date as entered, whether the invoice raised date or Shipped on Board Date as Invoice Date. 2. Which USD : INR Exchange rate should be used for making Invoice Entry in Tally, whether....
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.... 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 remittance, how to Account this short of amount, whether Dollar Collec....
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....tion Charges or some other means. 4. USD 9980 received is converted in INR and credited to our Account on 20-04-2017, on this date exchange rate is different than on 10-4-2017, which results in FOREX....
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.... GAIN/LOSS. How to handle it and difference will liable to gst. Kindly solve our queries. Reply By YAGAY and SUN: The Reply: RBI reference rate would be taken. Short payment would be treated as B....
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....ank Charges. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Thanks Yagay for your reply.<br> Discussion Forum - Knowledge Sharing ....