transfer of funds from maldives, service tax, FEMA

[anil samantaray]

a partner ship firm providing consultancy services(in ERP) in india wants to open a branch at maldives.. The issues are

what are the regulations to be followed for transfer of funds from maldives?

whether export of consultancy service is taxable in india?

what are the guidelines to be followed?

please help...

regards

anil samantaray

orissa

india

Posts / Replies

[Surender Gupta]

Export of services shall not be taxable where the conditions prescribed under the export of services rules, 2005 are fullfilled.

Regarding opening of branch office outside India, there is no specific provisions however for various activities, there may be different provisions that may be attracted. You may visit these regularations for more details.