Dear Sir/Mam,
Please advise, I am stating the case below.
I left my salaried job in end of 2013 and right now I am not employed anywhere rather I am trying to get myself engaged in some freelancing jobs of software development and consultation. Meanwhile I got a proposal from one European company. They want to hire me on contract basics and I will be working from my home (Kolkata) and they like to pay me in my bank account. They confirmed me that they will deposit Euros and do needful so that I will get that amount of money as INR in my Savings Bank account. I expect if this contract continues for a year then in a financial year the earned revenue will be more than 10L.
Here are the queries:
1. Since it is an inward foreign money remittance (but recorded in bank account as INR) and client has no office in India, am I applicable for Service Tax Registration?
2. If I obtain a Trade License of Proprietorship Business and do work in same way and receive the money in the current account, Service Tax is applicable?
3. Do I or that Proprietorship Business require any export license?
Kindly reply, I'm really seeking the right assistance. Thanks in advance :)
Regards,
Kallol
CAclubindia
