Experience Level: Intermediate
My small UK-registered limited company has successfully provided on-site training services to a major Indian corporation during the previous five years. We do not have a local establishment or PAN number. Contracts were won by competitive tender. Previously all tender prices were quoted net of local Indian income tax and GST. Invoices were paid in full, with the client responsible for local tax payment. Now, however, it seems that regulations are changing and the client requires tender prices (for work in 2012) to INCLUDE Indian taxes which will then be deducted/withheld at source. I have no problem with this but cannot establish the percentages that will be deducted. I need to contact a qualified tax adviser with specific Indian knowledge who can provide independent, reliable but cost-effective advice on this and other Indian tax questions that might arise.
John M.88% (5)
24 Jun 2014
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