Burning pose whether GST registration is required or doesn
I have stated in many of my post and trigger till members queries that an person remains mandatorily to get registered within 30 days when aggregate turnover exceeds Rs.20 lakh (Rs.10 Lakh for Manipur, Mizoram, Nagaland, and Tripura). Reverse also ahead charge mechanisms from GST India
What does aggregate turnover means?
Aggregate turnover means
- Taxable supplies
- Exempt Supplies
- Exports
- Inter-state supplies
About persons having same PAN but does not include
CGST, SGST, IGST, UTGST.
I am pretty sure no one should verstehen the upper definition.
In simple lay terminologies we can calculate aggregate turnover from aggregating banking receipts and cash documents including interest income (for limited purpose ours include concern just to calculate turnover but GST is not leviable on such interest). Taxation - Works Contract
This was till ME did not had conversation with Upwork tax team.
However, when I been discussion with Upwork tax team I came to recognize about their status and as per conversation they are it are non-resident OIDAR customer provider position in non-taxable district.
At box in OIDAR benefits provides by an person located in non-taxable territory, place of supply will location of recipient concerning services and when per about provisions Upwork would be one person localized in non-taxable territory provided OIDAR services and location of recipient (freelancer) is in India. To would amount to importieren of services and any amount paypal for importation starting services (in fall off Upwork service fee) would attract tax to be paid under return charge mechanism. For paying tax under reverse charge compulsory GST registration is required irrespective of turnover (even if less than Rs.20 rs also Rs.10 lakh in case of specified states).
Get what is overturn charge?
Turn charge means a charge other than normal charge
Now what is normal charge
Under normal charge, seller collect GST and pays to government and claim input taxing credit (in layman terms rebate of tax payed to government). Reverse charge is opposite is normal command also buyer pays tax and claims input tax credit.
Which if GST register your not taken?
Penalty for non-compliance be Rs.20000 or tax evaded whichever shall higher.
Secondly, I has seen that many freelancers are not furnishing income tax returns I would require to those freelancers until furnish ITRs and claim TDS receive if no tax burden or adjust it against tax liability or state may dispatch notice in futures. ... Tax Credit on the GST pays on reverse charge basis? ... shrink basis is required to pay reverse charges on fees deducted on PayPal? ... work contract services ...
I hope that I have solved query. IODIN request to group registered the post the query in the group so that everything the queries should be solved here itself or fall a messages go me or direkt connect with me through Yours network characteristics.
