An Indian Pvt Ltd co. engaged in certain services classified under export of services under GST.
The company received advance worth 2cr from an overseas customer in March 2020 in USD in their bank account as advance against the travel-based services to be provided. From March 2020 the international travel ceased so, the company has not provided any services for last two years to the said client.
The issue : How will the above advance be treated under section 73 and Deposit rules.
-Whether it falls under Public Deposit/Loan
-Whereas it's simply a business advance against services to be provided in future but outstanding for more than 365 days.
-What options the company has to not the same be treated as deposit/loan.
Please give resolutions
under
services
export
classified
certain
Hi All,
How do I provide the details related to the principal products or services of the company in Form AOC-4 XBRL?
Hi All
Is it required to distinguish whether a particular supply involves a supply of goods or services or both?
services
goods
supply
distinguishing
Hi all
I am a non-executive director of a private limited company holding
expertise in a certain area. Can i as a director render services as a consultant to the same company ?
Also, can i render services to a company in some other group as well?
Whether services provided by CG/SG/UT/LA by way of transportation of goods or passenger to business entity is taxable or is it exempt?
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services
transportation
taxability
Dear Fellow Professionals
We are providing Resident Directors for Companies on a Regular or Temporary basis.
Who needs this Service and How can we help you?
Every Company who is required to appoint one Director for fulfilling the Legal Obligation and Accomplices. Including Companies who are looking for a Director or Authorised Representative who will Appear before Regulatory Authorities on Behalf of our Client.
We will appoint one of our team members as the Resident Director for your company who will sign all the Key Corporate Documents which are obligatory to be signed by the Director to comply with the Legal Requirements. Our fees for Resident Director Services will depend upon the level of risk in the business the same shall be provided on request.
We also provide Registered Office Address services for our clients at PAN India level.
Dear all,
How many re submission is allowed while reserving name through spice?
services
Dear All,
Anybody have main object of Engineering consultancy service Company?
Please forward if anybody have.
services
consultancy
engineering
Whether Non - Executive Director of a Private Limited Company can also render services as a consultant (If having expertise in a particular field) to the same company and a company in some other Group? Which companies are required to appoint independent directors?
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Dear All,
Please guide - Remuneration for services rendered by director.
1. Whether company have to pass any resolution??
2. Does it come under the purview of Section 188.
--
director
rendered
services
remuneration
Please guide - Remuneration for services rendered by director.
1. Whether company have to pass any resolution??
2. Does it come under the purview of Section 188.
director
rendered
services
remuneration
One of the Private Limited Company in India dealing in software services. One Foreign entity situated in USA is providing software services to the Indian Company. Foreign entity is not having any place of establishment in India and providing services from USA. Foreign entity will raise Bills for their services. Now the query is: 1.Whether the Indian Company has to deduct any TDS? At what percentage? 2.Whether there is any requirement of Form No.15CA and Form No.15CB? 3.Whether is there any requirement of Indian PAN for Foreign entity? 4.Any prior permission of Reserve Bank of India required?
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