Hi,
Sorry, but i am not able to understand what is your confusion.
Is it regarding GST registration or something else?
Confused with the process
I own a company which is bidding projects on freelancer.com, i only work with the clients who are NOT in India. I do not know the term turnover as i bid the project and I get payment (in foreign currencies) and i pay that to employees here and also pay company bills for various supporting services. Information that would help you guys in helping me - 1. I pay a monthly fee for using freelancer which would be received by freelancer Australia (PDF copy available showing freelancer Australia and my India company) 2. On every project, they charge me 10% which also goes to freelancer Australia Money i received from various clients is in Euro, GBP, USD, and AUD. 3. nature of services i provide are website development and maintenance 4. When i withdraw the amount from my freelancer account, they sent me money in my company bank account from freelancer Gurgaon account
Asked 5 years ago in GST
My earning per year in approximate 35 lakhs.
Asked 5 years ago
yes, i haven't registered for GST yet as i have learned that my services are exempted from GST fillings. But as Freelancer.com have asked me to do the same, i am curious that if i register for the GST than what would be the future course of actions regarding gst future process.
Asked 5 years ago
Hi,
Though you may not be liable to pay GST, you will still need to register for GST.
Regards,
Nikhil.
Hi,
- As you are providing services to the clients who are not located in India hence your services will be treated as export of services as per GST. Also assuming that you are invoicing the services to the company located in australia and not in gurgaon.
- To export without payment of taxes under GST, you need to register for GST and apply for LUT.
- After registration, you need to file GST returns monthly for all the invoicing done by you (i.e. sales invoice) and invoicing done to you on which GST is charged (i.e. expense invoice).
Thanks
Since you are providing services to people outside India you need to get registered under GST and show your service as export of service and get LUT to export service without charging any GST and then file return show such export.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you
Hi,
Hope you are doing well !!
Your services will be treated as export of services.
Exports of services are done by the following two methods under the new GST regime,
1.Export under LUT/bond without payment of tax
2.Export along with tax payment and claim refund later.
Accordingly, file the GST returns monthly for the same.
Thanks & Regards,
Payal Chhajed
Hi,
The place of service is important to determine the GST Implications.
If the place of service is not in India the same shall be treated as Export of service which shall be charged at 18% (Inter - state supply) and the GST so paid can be claimed as refund.
Other way is to obtain LuT bond by which GST shall not be charged. In both the cases GST registration in mandatory.
The amount received by you in your bank A/c shall be your turnover.
Hope your Queries are resolved.
Regards,
Siddhant Shah
Hi,
You will have to get yourself registered under GST.
Post registration you can apply for LuT Bond., Through which your turnover(amount received) shall be exempted from GST.
GST Compliances shall have to be done regularly post registration.
You can reach us for doing the same. We are in Noida from 06th to 08th December for Audit, we can meet up and discuss.
Regards,
Siddhant Shah
How come you learn that your services are exempt from GST, you are required to register under GST irrespective of the turnover as you are working through an e commerce portal.
You need to register under GST and follow all compliances regarding returns.
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