HI,
Is it mandatory to collect gst for a freelancer from client located in abroad where services are rendered from INDIA ? Money is converted and deposited in indian currency. Please let me know if we have any alternative thru which i can get rid off collecting gst.
thanks
rana
Thanks. Then no need to file gst right as I am not adding gst in client invoice ?
Also, at the time of filling IT return no need to show gst number right if income from profession exceeds 20 lacs a year ?
Thanks
If the money is coming through a vostro account, then it would be treated as export and hence no GST is required to be paid. LUT need to be furnished in such case.
If there is no proof that amount is received through a vostro account (banker will confirm), then GST would be required to be collected and paid to the government.
If you are registered then you need to file the returns and also disclose in IT returns.
CAclubindia
