Tax implication for indian co service to dubai
This query is : Resolved
10 August 2023
Mr A has established a co in india for providing IT consultancy service for a company in dubai.
Mr A hires employees in india and raise an invoice As IT Consultancy service to dubai company for payment of salary to the employees hired in india with some percentage of mark up . What are the tax provisions and statutory compliances to be followed by Mr A in india
Mr A hires employees in india and raise an invoice As IT Consultancy service to dubai company for payment of salary to the employees hired in india with some percentage of mark up . What are the tax provisions and statutory compliances to be followed by Mr A in india
CA R SEETHARAMAN
(Expert)
10 August 2023
It will fall under export of service.
If the value exceeds 20 lacs in a year register under GST and file LUT in GST portal for export of the service without GST and claim refund of GST paid on input.
TDS applicable on salary paid to employees hired.
Income tax payable on profit earned.
Check professional tax payable.
If the value exceeds 20 lacs in a year register under GST and file LUT in GST portal for export of the service without GST and claim refund of GST paid on input.
TDS applicable on salary paid to employees hired.
Income tax payable on profit earned.
Check professional tax payable.
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