I do contractual work as internet assessor for a foreign company(ireland), I recently received a remittance from the company and was levied 18% GST. I am an amateur in tax policies and I earn less than 30000? every month and sometimes I earn as little as 5000?. What is GST, I got 6000? instead of 7500? this month. That much of tax is ridiculous.
Hi..
Was the money received in foreign currency?
If we can classify it as export of services, we can claim the refund of IGST paid. The foreign company has paid it since you are not registered.
However, as an exporter of services, it is mandatory for you to get registered under GST. Then, IGST has to be paid by you first and then only the refund can be claimed.
We can assist you with registration and return filling.
Yes, the money is received in USD from Ireland. yes, I want to register in GST. Please assist me with further details. The GST of 18% is being automatically deducted at bank. This happened this month.
A proper one to one conversation would be required for this to completely understand your business and accordingly advice an optimum tax planning structure for you.
Registration can be done on GST portal with all documents duly filed for which a professional help is must.
Regards,
Lakshita Bhandari
Hi,
Are you sure you work for a foreign company? Or it is an Indian subsidiary of a foreign company.
Because, foreign company not having any presence in India will not be registered under GST and no question of deduction of tax will arise. Further, even if it is Indian company, the company has to bear the tax under reverse charge, it can't deduct from your salary.
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
I am sure this is a foreign company. This is not a regular job, This works like a contract.
Can you share any document mentioning the deduction of 18% GST?
Hello,
The foreign cannot deduct GST unless they are registered in India.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
Hello,
Secondly they cannot deduct the GST from your pay check, they have to pay it out of their own pocket and then claim a refund from the department.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
Hello,
I assume their is some confusion, the charges deducted may be for something else. Could you please share your bank slip or any communication provided by the company.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP