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.
17 August 2012
Indian company can very well receive management fees from foreign company. It should be the golden feather in the crown.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
