I would be starting as a freelancer for an European company where the products will be promoted in the Indian market, hence would be traded from Europe to India. The same company has plans to start Indian operation after six months as their subsidiary however till that time they will pay me some fixed amount for sales and marketing including my office and travel expenses.
Could I know what is amount of taxes I have to pay as freelancer to the Indian government? European company expects me to submit invoice so that they could pay me directly. Is it advisable to open private firm so that I could apply for Import/export code, VAT registration, etc? Or as a Freelance can I import and sale the products without forming private firm?