March 14, 2011
12:35 p.m.
On Mon, Mar 14 2011, Ramdas S wrote: [...]
I have spoken to my CA, and he has provided couple of loopholes, all we need to do is show, the foreign entity as a collaborator, and take the bill in name of a local company, and then raise an invoice back to the foreign entity from the company. There would be the small element of 10.3% of service tax involved, which can be waived off under some clause, which has to be shown through some paper work. I think this should not be a problem.
Loopholes are not something I'd like to step into and I think I speak for the majority of the people here. --