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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.

Amol S Joglekar

Amol S Joglekar (Expert)

17 August 2012 You are having a permanent establishment in India. So as per place of providing (Provision is the word used in the rules, although it means providing)service rules 2012, (POPS rules as is abbrevated)it is taxable service. You can raise the invoice in foreign currency if the terms of negotiation so provide. The corresponding INR value shall be taken for calculating service tax.

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