Working on contract for UK company from India

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Anuj (Querist)
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15 February 2022 I have an offer to work for a UK company from India. They do not have any Indian establishment so, I will have to work on a contractual basis, I guess?
Q1. What is the best option to import work from UK, work as a contractor? or Full Time Employee?
Q2. If I go contractor route, do I need to register myself as a business and get a GST number?
Q3. What taxes do I need to pay in India?
Q4. Will my employer deduct any taxes in the UK?
Q5. How can I create invoices for hourly rate to charge my employee?

Any help on this will be much appreciated. Many Thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 February 2022 1 Full time employee.
2 yes.
3 Income tax payable on the income.
4 No tax will be deducted.
5 Invoice not required in case of employment.

Anuj

Anuj (Querist)
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15 February 2022 Thanks a lot Sir for your quick response. I heard, for full time employee there will be lot of legal formalities to be carried out by the UK employer? Where can I find out the process of registering myself as a contractor? Thanks again for your valuable inputs.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 February 2022 It will be contractual emploment. No need for any registration.