I live in Faridabad, Haryana and I am working for a Canadian company as an Supply Chain consultant, I have consulting contract with the Canadian company in INR, this company pays me fixed monthly fees in INR, my total annual package is INR 15,00,000/-, I give services to clients of the Canadian company located in all over India as well as abroad, type of services are ?Business support/Supply Chain services?, I have following questions in regard to new GST regime:-
1. Since threshold limit has been increased up to 20Lakh, do i need to pay GST @ 18% because my annual package is INR 15,00,000/-?
2. IS GST applicable on expenses incurred on behalf of the company like travel, hotel, courier etc., I raise separate reimbursement invoice for actual amount spent on behalf of the company attaching all the related bills and receipts, they transfer reimbursement amount in separate reimbursement bank account in INR?
Please help by giving answers on the above doubts.
28 August 2017
Although your contention of 20 lakh is correct, the same does NOT hold good for inter state supply. Since you are giving service to Canadian Company, all over India....you need to get registered under GST. For your second part......Canadian company has to bear the GST if any on the reimbursements.
CAclubindia
