Any tax applicable on foreign remittances
This query is : Resolved
04 September 2020
I have proprietorship business and i have export services with GST tax invoices and i have received foreign remittance. So my question, is any tax applicable on foreign remittances
and any limit for receiving foreign remittance.
and any limit for receiving foreign remittance.
04 September 2020
No tax and no limit on remittance from relative.
04 September 2020
Sir,
I have my own company as proprietorship and that company is registered under GST and I have provide IT services in Dubai and USA and I get its money from client in foreign remittances so is any limit for that and any government tax applicable for foreign remittances received from client.
My annual turnover Rs.2cr.
I have my own company as proprietorship and that company is registered under GST and I have provide IT services in Dubai and USA and I get its money from client in foreign remittances so is any limit for that and any government tax applicable for foreign remittances received from client.
My annual turnover Rs.2cr.
04 September 2020
It will fall under export of service. No GST applicable on furnishing letter of undertaking in GST portal.
Only income tax payable on such remittance. No limit for such remittance.
Only income tax payable on such remittance. No limit for such remittance.
04 September 2020
Thanks Seetharaman for your valuable feedback
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