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
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