Hi all,
I am software service provider running my own proprietorship business. I am presently having a foreign client who is paying me in dollars transfering my payment( which includes 10.3% service tax) to my current account in Kolkata branch. The queries posted in the service tax forum topic "Foreign Consulting Income" are partly relevant to me, along with that I have some more queries.
1. Do I need to register under any other taxation rules in India other than service tax and trade license pymt?
This year I am going to pay my first IT return and my turn over will be something around Rs5 lakhs pa
2.The service tax category has been wrongly registered under Business Auxiliary Services whereas it should have been done under information technology software services. Its been already almost 1 yr and I have also paid 2 returns under this category. How do I change this?
3. It seems I didn't have to register at all for my foreign client's pymt. Then in this regard following your previous reply I want to know what is CFE?
4. If in future I have domestic clients then I would be needing this service tax regn and category change( back to my qs 2).
Waiting eagerly for your reply.
Thanks & Regards,
Rituparna C.
CAclubindia
