Gst provision on Foreign income
This query is : Resolved
10 February 2022
Dear Sir,
One of my client is a software consultant and has received income in US dollars from abroad of Rs. 22 lacs in F.Y. 2020-21.
His Income tax return is filed U/s. 44ADA. The foreign company doesn't deduct any TDS on the amount paid by them.
I want to know, do my client has to register under GST in such case as in future years too he will be receiving income more than Rs. 20 lacs from foreign company.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client is a software consultant and has received income in US dollars from abroad of Rs. 22 lacs in F.Y. 2020-21.
His Income tax return is filed U/s. 44ADA. The foreign company doesn't deduct any TDS on the amount paid by them.
I want to know, do my client has to register under GST in such case as in future years too he will be receiving income more than Rs. 20 lacs from foreign company.
Please help me in this matter.
Regards,
Divyesh Jain
10 February 2022
GST registration is required as it will fall under export of service if service is provided from India.
In case of export of service limit of 20 lacs not applicable. Register under GST and file letter of undertaking in GST portal.
In case of export of service limit of 20 lacs not applicable. Register under GST and file letter of undertaking in GST portal.
10 February 2022
Ok, Thanks for your valuable response
12 February 2022
Since limit has crossed you will have to take registration. Below 20 lakhs you were not required to be registered even in case of export of services. . You will not be able to file LUT for previous years. Relevant safeguards will need to be taken for previous years non compliance.
12 February 2022
Ok, Thanks for the information
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
