One of my clients had entered into the contract for sale of membership of coaching programme with the company located in UK for around 20000 pounds yearly.
Whether he has to take GST registration for the same? what other tax compliances he has to do?
25 December 2021
It will fall under intermediary services. As service value exceeds 20 lacs GST registration required. GST payable under forward charge.
03 January 2022
Suppose in the same contract, if he is supposed to pay intial licence fees to the company around 5000 pound, what TDS rate will be applicable? Whether GST will be applicable on the same under reverse charge? He is currently not registered under GST.
CAclubindia
