Hi,
Please refer the replies in line below:
- Yes, you can receive money into foreign bank account from your clients outside India.
- You can spend that money kept in foreign account but to use/withdraw it in India you would mostly need an NRO/NRE account in India.
- Tax returns are something which have to be done very carefully so that the designed business structure does not get into scrutiny as the sole proprietor is a part of unorganized sector.
- If the revenue is less than 20 Lakhs, then you do no need registration under GST.
- Tax return will be clubbed with your individual tax return. yes the tax calculation will be done according to the slab rates applicable to individuals.
Thanks
Damini