Working for Forigen entity

This query is : Resolved 

29 March 2022 HI ,

I am currently working for a foreign entity and based in India , Since the company cannot hire me directly because they dont have the India entity.

So currently , the contract is between my Parent company and their partner (India Entity). and separate contract between myself and company partner(India entity).

For my salary payment , i need to raise invoice to their partner company , the partner company raise the invoice in foreign currency to the parent company( Amount agreed between myself and parent company) and then i raised the invoice to Indian entity , based on the final amount recevied in their account , deducting profit income tax .

However in order to avoid double transaction and followup , can i raise the direct GST(Since annual transaction is more than 20L) invoice (export of services) to parent company directly ,is there any legal issue in that , can the parent company pay directly to me based on the invocie raised by me as a proprietorship entity

Is there any rule stated that agreement cannot be there between a sinlge person proprietorship organization , having no other employee.

Will be happy to discuss over a call

29 March 2022 Yes, you can directly raise invoice to foreign company without GST. Register under GST and file letter of undertaking in GST portal.
As a proprietor you can export services without any employee. There is no restriction. You can discuss with me.

31 March 2022 Take proper opinion on this issue




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries