Tax for partnershipfirm on income earn from foreign company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2018 Hello All,

I am co-owner of partner ship firm and via freelancing work, firm gets income from foreign company. What are the tax laws for the same? Do the firm needs to have GST number and liable to pay GST?

How individual who are partners in the firm need to pay tax as per there shared in the firm.
An example of the scenario will be helpful.

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
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01 June 2018 GST registration is required for the firm. You can submit the LUT for seeking exemption for paying GST on export of services. Individual partners are not required to obtain GST registration unless they are offering services in personal capacity too and their turnover exceeds Rs 20 lakhs