19 June 2022
DEAR EXPERTS KINDLY GUIDE ME :- THE PERSON RENDEREING IT SERVICEs TO HIS OVERSEAS CUTOMERS. HE IS RAISING HIS INVOICE IN USD AND GETTING PAYMENT IN HIS ACCOUNT IN TO INR AS PER RBI NORMS QUERY:- 1 WHETHER HE IS REQUIRE FOR GST REGISTRATION ? WHEN AFTER THRASHOLD EXEMPTION ? 2 IF YES, WHAT ARE RETURNS HE HAS TO FILE ? THANKS AND REGARDS
20 June 2022
As per my opinion, the persons who are making inter-state supply of taxable services, having an aggregate turnover, to be computed on all India basis, not exceeding Rs.20 lakhs in a financial year are exempted from obtaining registration vide Notification No. 10/2017 – Integrated Tax dated 13th October 2017. So, you have to ensure the below points in order to get exempted from taking GST registration: The supply of services you make are EXPORT OF SERVICES You’re are supplying only such IT services as mentioned – You don’t do any other business – for the aggregate turnover of Rs.20 Lakhs
Still, you have doubt, and want to make sure that you're exempted from GST registration, you can go for Advance Ruling.
20 June 2022
Threshold limit of Rs. 20 Lakhs (10 Lakh for Special Category States) is also applicable to service providers who are providing export of services.
The exemption was granted to them vide notf. 10/2017 dated 13.10.2017
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