08 September 2023
My employer is a software company, an Indian subsidiary to a foreign company. They provide software services to the foreign company. We are hired as a consultant for a 1 year (fixed period of time) and the salary is fixed per month. It is fixed contract and there is a notice period, NDA etc as part of contract. We don't need to raise invoice. Company will pay every month after deducting 10% TDS.
In this scenario, Since we are working as consultant, Do we need to pay GST. Company says, there is no GST applicable as it is fixed term contract.
08 September 2023
Since you are working as a consultant with 10% TDS deduction under section 194JB, if your payment in a year exceed 20 lacs GST applicable. You have to raise tax invoice with GST and register with GST.
CAclubindia
