I am getting commission as a freelance from an international company for my services. Similarly i get consultancy fee from an Indian company. The total amount does not exceed RS. 20 Lacs. Should i register and take a GST number? What if this amout exceeds Rs 20 Lacs? more
International Revenue does NOT entitle you to avoid Registration. If your aggregate revenue in Calendar 2016-17 exceeded 20L, and you've disclosed this Revenue in your ITR, you MUST take GST Registration, and do not have an option. If 2016-17 did not, then you must Register within 30 days of Aggregate Revenue (Invoiced, not collected) since April 1, 2017 exceeding 20L in 2017-18. The rules and law are very clear .... why the confusion ? more
You may or may not register as a Company if you have one but if you do not have a co. then you may register as an individual. It is always better to register for GST even if your turnover is less than 20 Lakhs as you can do business, consultancy anywhere Iterstate, Intrastate or Local. more
Your registration would depend on whether your foreign client is paying you fees from an office location outside India or through its establishment in India. Please clarify this aspect. more
Time limit for making Refund Application A person claiming refund is required to file an application on the GST Portal in Form GST RFD-01 before the expiry of two years from the “releva...
Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...
The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...
Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
By Sudesh Rai
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