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Querist : Anonymous (Querist)
21 October 2010 We are providing consultancy services. We have awarded a job in canada. My questions are:
1. Service Tax is applicable at the time of billing to foreign client.

2. Accounting Enteries.

3. Tax Liabilites.

4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.

Please Help Me.

Thanks,

ARUN



21 October 2010 If money is being recived in convertile foreign exchange , No dervice tax.

Vendor a/c Dr.
To income A/c.

You have to pay income tax as business income.

Regarding RBI - No idea.



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