March 15, 2011
1:45 a.m.
On Mon, 2011-03-14 at 17:54 +0530, Dhananjay Nene 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.
Can we stick to solutions that work in letter and spirit please ?
that is my view. -- regards Kenneth Gonsalves http://lawgon.livejournal.com/