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transfer of funds from maldives, service tax, FEMA

Issue Id: - 2831
Dated: 24-2-2011
By:- anil samantaray

transfer of funds from maldives, service tax


  • Contents

a partner ship firm providing consultancy services(in ERP) in india wants to open a branch at maldives.. The issues are

what are the regulations to be followed for transfer of funds from maldives?

whether export of consultancy service is taxable in india?

what are the guidelines to be followed?

please help...

regards

anil samantaray

orissa

india

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 11-3-2011
By:- Surender Gupta

Export of services shall not be taxable where the conditions prescribed under the export of services rules, 2005 are fullfilled.

Regarding opening of branch office outside India, there is no specific provisions however for various activities, there may be different provisions that may be attracted. You may visit these regularations for more details.


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