Can indian company received management fee from foreign co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2012
Pl advise me on following point:-
We provide Quality testing service,Management service, discuss and approval of material and Taken order from Indian Company to China company on their behalf in India.
My question as following:-
1- Can we raised invoice to China company for our service in foreign currency.
2-if yes what is processor and what record should be maintain.
3- Where we require registration.
4-What is monetary limit for foreign in such case.
5-We already working in India as manufacture of AC and REF parts.
Pl give our advise.
We provide Quality testing service,Management service, discuss and approval of material and Taken order from Indian Company to China company on their behalf in India.
My question as following:-
1- Can we raised invoice to China company for our service in foreign currency.
2-if yes what is processor and what record should be maintain.
3- Where we require registration.
4-What is monetary limit for foreign in such case.
5-We already working in India as manufacture of AC and REF parts.
Pl give our advise.
Amol S Joglekar
(Expert)
17 August 2012
Indian company can very well receive management fees from foreign company. It should be the golden feather in the crown.
CA. Anuj Gupta
(Expert)
20 February 2013
1. Yes.
2. Service Tax Applicability shall come.
3. Yes under service tax.
4. No limit
Anuj
femaquery@gmail.com
2. Service Tax Applicability shall come.
3. Yes under service tax.
4. No limit
Anuj
femaquery@gmail.com
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