What Are Foreign / International Accounting Services?
International accounting covers bookkeeping, financial reporting and compliance for businesses that operate across borders – for example an Indian exporter invoicing overseas customers, an Indian company with a subsidiary abroad, or a foreign company that outsources its accounting to India.
Services Typically Included
- Bookkeeping and monthly accounts in multi-currency, with bank and payment-gateway reconciliation
- Financial statements under Indian GAAP / Ind AS, and support for IFRS or US GAAP reporting packs
- Accounts payable and receivable, payroll support and management MIS
- Foreign-currency accounting – exchange gain/loss and revaluation
- Group consolidation support for Indian parents with overseas subsidiaries
India-Specific Compliance for Cross-Border Business
1. GST on exports – export of goods and services is zero-rated. File exports under LUT (Letter of Undertaking) to export without paying IGST and claim refunds of unutilised ITC. 2. FEMA and RBI – realise export proceeds within the prescribed time, track FIRC/FIRA, and report overseas investment through FC-GPR / FLA returns where applicable. 3. Form 15CA / 15CB – required for most foreign remittances, with a CA certificate for taxable payments. 4. Transfer pricing – transactions with overseas associated enterprises need documentation and Form 3CEB. 5. Income tax and DTAA – Tax Residency Certificate and Form 10F help claim treaty benefits; TDS under Section 195 applies on many payments to non-residents. 6. Foreign Assets disclosure – resident individuals must report foreign assets and income in the ITR.
Who Needs It?
- Exporters of goods and IT/professional services
- Indian startups with US, UK or UAE customers or entities
- Importers paying overseas suppliers
- Foreign companies with a liaison/branch/subsidiary in India
- NRIs running a business or holding assets in India
Work with FinTaxVers
FinTaxVers supports foreign-linked businesses with accounting, GST export compliance, FEMA documentation and remittance certificates from India, serving clients across India.
Call: +91-8928895195 | Email: contact@fintaxvers.com
*Note: Cross-border rules depend on facts and treaty position. Get case-specific advice before filing.*
What are foreign or international accounting services?
Bookkeeping, financial reporting and compliance for businesses with cross-border operations, including multi-currency accounts, FEMA, GST on exports and transfer pricing.
Do I pay GST on export of services?
Exports are zero-rated. You can export without paying IGST under an LUT and claim a refund of unutilised input tax credit, provided export conditions such as foreign-exchange receipt are met.
When are Form 15CA and 15CB required?
For most foreign remittances. Form 15CB, a CA certificate, is needed where the payment is taxable in India and above the prescribed limit.