EXPORT OF SERVICES- COMPLIANCE

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This discussion covers essential compliance requirements for an Indian IT company exporting services to the Middle East and Europe. Key points include the role of FEMA in managing foreign receipts, the necessity of opening a current bank account, obtaining a PAN for GST registration, and securing a shops and establishments license from local authorities.

Alok singh

Alok singh (Querist)

19 August 2020 hi,
I am going to start a IT company in India, which will provide IT Services to some Middle east as well as European countries. so what are the compliances which i need to follow- like

1-is there any role of FEMA in foreign receipts?
2- Nature of Bank account which i will open for my IT Firm?
3- Any Other Complainces i need to follow?
4- Any other approval from authorities?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 August 2020 1 yes role of FEMA is there in foreign receipts.
2 Open current account.
3 Obtain PAN register under GST.
4 Obtain shops and establishments license from local authority.

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Alok singh

Alok singh (Querist)

20 August 2020 THANKS FOR YOUR VALUABLE INFORMATION.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 August 2020 Welcome....................

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