Setting up a foreign company in india

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Shreejesh (Querist)

02 February 2016 Hi
I am in the process of setting up a foreign company in India. The business plan is to start with full import of machines by the Indian customers. And in parallel I would like to set up an Indian office, and start offering various services to Indian customers such as machine erection and commissioning, operator training etc and also the spares sales.
My question is
1. what are the tax implications in first scenario (Excise/VAT/Service tax etc)
2. what are the tax implications when i have an office in India and start offering services and spares

i would like to have some one as my consultant to set up this firm. please share your contact details

Best Regards
Shreejesh

CA CHIRAG DOSHI

CA CHIRAG DOSHI (Expert)

16 March 2016 TO Set up a Foreign Co. India, There are various Tax laws and compliances that needs to be follows, first of all you have get registered your co. at ROC.
For Import of Machinery you need to pay Import Duty for that you need to apply IEC,
For Services like installation of Machinery etc, for that respective state & central Service tax will apply,
for setting up office in india, and conducting business in india, Income tax will apply

Thanks
CA Chirag Doshi & Co.
09833027231
Mumbai

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