An Indian company (IC) loans/seconds its employees to a foreign company (FC). IC invoices FC and receives foreign currency. It adds an agreed mark-up to the actual cost of the employee. Will this be eligible for export exemption if: (a) loaned/seconded employees work from India? (b) if they work at the FC site abroad, or work at any other location outside India?
Export of Service - Indian employees working for foreign company
Kaustubh Ram Karandikar (Corporate Consultant- Central Excise & Service Tax) (519 Points)
08 February 2022
CAclubindia
