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Ragavendra Ramesh Kumar
Hi,
I would like to know whether the GST revision of 12% to 8% for PMAY eligible holders which was applied previously, is applicable for the current 5% and reduce it to 1%.
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Shubham
I am an independent contractor providing IT consultancy services to client in US. Monthly renumeration is received in USD through wire transfer against raised invoice. Do I need to register for GST, if the turnover for this year would not exceed 20 lakhs. Also, should I open a current account.
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No GST not required if turnover does not exceed ₹20 lakh in a financial year. It is recommended that you open current account.
If you need any consultation feel free to talk to an expert at: https://www.taxontips.com/tax-notice-personal-consultation/
Or mail me at canamanmaloo@gmail.com
Yes, GST registration is not required if your turnover do not exceed Rs. 20 Lakhs.
Yes, opening the current account is highly recommended for day-to-day business transactions in the business's name.
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Anurag Jadhav
I had booked flat in April 2018, 100 % payment are disbursed (50% amount paid in 2018 and remaining 50% amount paid in 2021). Planning to take possession in January 2022, but builder demanding 12% GST without any refund.
My flat is in chakan (Maharashtra) it is non metro city and agreement cost is below 22lakhs, area of flat is less than 600 sqft. . I need to check actual GST I need to pay.
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Anuranjan Prakash
We are two friends living in a shared apartment in Bangalore. But I want to show the entire rent paid to the owner as my HRA tax proof since my friend has another rented property which he shows as tax proof for HRA. The issue is that the rental agreement lists both of our names as tenants. So I wanted to know can I alone claim complete tax benefit for the entire rent paid by both of us?
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Vinod
I work on upwork(US) and all my clients are from outside.upwork charges some service fees and 0.99 withdrawal fee while transferring payment to my bank account. it also deducts 1% of my earnings against PAN and submits it to Indian Government direcly .( some rule related to ecommerce operators). However, it is not registered in India and does not have any GST registration here.
So can I safely say that this service fee/withdrawal fee would come under Intermediary services and I will not have to pay IGST on it under RCM? I guess it is just acting as an Agent here between me and the client.
It is more like an aggregator rather than an intermediary service provider as it cannot conclude contact on anyone's behalf so I believe you need to pay GST on inward supply.
