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.
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.