• Tax advice

I am doing job In Online marketing in one of the company. I am making money part time online through Online Marketing SEO from Abroad. Last year I have earned (above 30 Lack) 1-4-2019 to 31-3-2020 
from abroad and get paid payment through Paypal.

I don’t have GST number. Should I get it or not?

What can I do further?
Asked 4 years ago in Income Tax

Hi

 

You were required to get a GST registration once your turnover exceeded 20 lacs. You must get registered now.

 

After registration, you may apply for LUT and export services without payment of GST. But return filing will become mandatory.

 

We may assist you with all compliance.

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

If this 20 lakh was your independent income and doesn't include salary income you should take GST registration.

You can have a phone consultation and discuss further on how we can handle taxation aspect for you.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4265 Answers
96 Consultations

5.0 on 5.0

Hello,

 

Yes, you are required to get yourself registered for GST.

If you are receiving convertible foreign currency from the foreign company, your services could be termed as Export Services, and then you can supply such services without payment of GST under LUT.

I hope this answer satisfies your requirements. For further understanding, you can contact us directly or take a phone consultation.  

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

5.0 on 5.0

Yes, you should take registration under GST. The export of services will be covered under zero rated services. Post registration you should file your GST returns timely as delay in filing returns has late fees.

Ruchi Goel Anchal
CA, Gurgaon
525 Answers
16 Consultations

5.0 on 5.0

- It is an export of services. As the amount received is more than Rs.20 lacs you should get the GST registration compulsory. For export without payment of tax, you need to apply for LUT. You can also claim refund of ITC paid on inputs.

Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

Since, it is export of services where consideration is received in foreign currency, it will not be chargeable to GST.

 

However, since your turnover exceeds 20 lacs, you are liable to GST registration. Once registration is done, you can apply for LUT and export services without payment of taxes.

 

We may assist you with the entire process and compliances.

 

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

Hi,

 

Since you have crossed the limit of 20 Lakhs applicable for a service provider, you must take a GST number to ensure that you comply with laws. However, your supplies would be filed as exempt from GST if you take LUT from the GST department.

 

Thanks

Damini

Damini Agarwal
CA, Bangalore
405 Answers
31 Consultations

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA