I am getting commission as a freelance from an international company for my services. Similarly i get consultancy fee from an Indian company. The total amount does not exceed RS. 20 Lacs. Should i register and take a GST number? What if this amout exceeds Rs 20 Lacs? more
International Revenue does NOT entitle you to avoid Registration. If your aggregate revenue in Calendar 2016-17 exceeded 20L, and you've disclosed this Revenue in your ITR, you MUST take GST Registration, and do not have an option. If 2016-17 did not, then you must Register within 30 days of Aggregate Revenue (Invoiced, not collected) since April 1, 2017 exceeding 20L in 2017-18. The rules and law are very clear .... why the confusion ? more
You may or may not register as a Company if you have one but if you do not have a co. then you may register as an individual. It is always better to register for GST even if your turnover is less than 20 Lakhs as you can do business, consultancy anywhere Iterstate, Intrastate or Local. more
Your registration would depend on whether your foreign client is paying you fees from an office location outside India or through its establishment in India. Please clarify this aspect. more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...
By Sunita Varghese
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