Regulatory radar
Short, plain-English notes on what matters for export of services, inward remittances, and day-to-day compliance. Always verify against the official circular.
Living page. Items below are starter framing for freelancers. Replace dates and links with Reetu-approved summaries of real circulars before hard launch. Official sources: rbi.org.in, FEMA notifications, CBIC for GST.
Banks and platforms map your receipt to a purpose code. Wrong coding creates friction later (GST/export trail, bank queries). TaxVic sets a repeatable workflow so every invoice doesn’t reinvent the paperwork.
Contracts, invoices, payment proofs, and FIRC-equivalent evidence form the trail. Freelancers who only “receive on PayPal” often discover gaps at refund or notice time. We baseline this at onboarding.
Many freelancers file LUT but never claim ITC refunds on tools and hardware. Regulatory status of zero-rated supply doesn’t automatically put money back in your account — process does. Tracked in the Savings Ledger when we file claims.
Where eligible, EEFC-style options and conversion timing are cash-management choices with FEMA boundaries. Not speculation advice — operational hygiene for dollar earners. Confirm eligibility with your bank and CA.
When RBI, DGFT, or CBIC drops something that changes freelancer cash or filing behaviour, we add a dated card: what changed · who it hits · what to do this week. Reetu owns accuracy
TaxVic summaries are educational for Indian freelancers earning foreign currency. They are not official RBI text, not legal advice, and not a substitute for reading the primary circular or speaking with your advisor on your facts.