On Mon, 2011-03-14 at 17:25 +0530, 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.
there is a word for this - hawala. As our only big expense is going to be for foreign delegates, this should solve the problem. We have local money for everything else (I personally am not very keen on visiting our country's jails - although they seem to be a popular location now a days) -- regards Kenneth Gonsalves http://lawgon.livejournal.com/