Questions finance leaders ask about India GCCs
Short, direct answers to the questions we hear most. Each links to the service that handles it.
Do I need STPI registration for my GCC?
Not strictly. Under RBI's export framework effective 1 October 2026, a software exporter in the Domestic Tariff Area can have its Export Dec…
Read the answer →Can a GCC claim a refund of GST on its costs?
Yes. Exports of services under a Letter of Undertaking are zero-rated, so a GCC can claim a refund of unutilised input tax credit.…
Read the answer →What is the Export Declaration Form (EDF)?
The EDF is the export declaration under RBI's FEMA export regulations, notified on 13 January 2026 and effective from 1 October 2026. It rep…
Read the answer →Is TDS required on payments to a foreign parent?
Often, yes. Payments to a non-resident that are chargeable to tax in India require withholding tax, and many payments abroad also need Form …
Read the answer →What financial year must an Indian subsidiary use?
An Indian company's financial year normally ends on 31 March. A subsidiary of a foreign company can apply to the National Company Law Tribun…
Read the answer →Does an Indian GCC need a resident director?
Yes. Every Indian company must have at least one director who stayed in India for at least 182 days during the financial year.…
Read the answer →When must foreign investment be reported to RBI?
When the Indian company allots shares to the foreign parent, it reports the investment to RBI (Form FC-GPR) within 30 days of allotment.…
Read the answer →What is cost-plus transfer pricing for a GCC?
Most captive GCCs bill their parent their total costs plus an agreed markup. That markup must be at an arm's-length level, because it is the…
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