Once the PO has been set up in India for executing a specific project in India under general permission, at times, the overseas entity is awarded another project by the same or a different project awarding entity. In view of the same, can maintaining of bank account at entity level, filing of AACs, complying with submission of closure documentations on completion of the project and maintaining of books of accounts at entity level be complied with at PO entity level instead of at specific project level?

Project-level compliance required for foreign project offices in India; entity-level bank accounts, filings and closure documentation not permitted.

Project-level compliance is required: bank accounts, statutory filings (including annual/accounts and compliance communications), submission of project closure documentation upon completion, and maintenance of books of accounts must be maintained for each specific project office; consolidated entity-level arrangements for separate projects are not permitted to satisfy these obligations.