Do we need to charge GST if we provide service to a foreign client from India?

if payment is received in foreign currency then it will be export of services and no gst to be charged. if the payment is received in foreign currency, it will be classified as export of services. In both cases end result is you don’t need to pay any GST.

Is GST payable on consulting services?

GST rate on Consultancy services attracts 18\% of GST Rate. Consultancy can be of any kind related to healthcare, finance, investments etc. Though there are five slab rates, although consultancy services fall under 18\% slab only.

Do foreign companies need to pay GST in India?

Do Foreign Companies Require Indian GST Registration? Yes, any foreign company that supplies goods and/or services to recipients in India, but operates without a fixed place of business or residence in India should mandatorily obtain GST registration.

Is GST applicable on commission received from overseas?

Services received from overseas commission agent is not chargeable to GST under RCM as place of supply is outside India. Facts: M/s.

Do I charge my overseas clients GST on consulting services?

Do I need to charge Goods and Services Tax (GST) on sales to overseas customers? Exports of goods and services are generally GST-free. If you’re registered for GST, this means: You don’t include GST in the price of your exports.

How much is GST in consultancy?

GST rate on consultancy services : Consultancy services attracts 18\% of GST Rate. Consultancy can be of any nature related to healthcare, finance, investments etc. Though there are five slab rates, but consultancy services falls under 18\% slab only.

Do I need to register for GST if I am a consultant?

if your company asks you for gst bills for consultation then you should be registered to GST. TDS for income tax is fine, it is mandatory to deduct. Excess tax amount we can claim for refund and vice versa. GST registration not mandatory if turnover is below 40 lacs(as per last GST meeting).

How do consultants save tax in India?

Expenses that can be deducted are as follows:

1. If the consultant works from home, rent of space.
2. Commuting if it is related to work.
3. Vehicle fuel expenses.
4. Equipment maintenance.
5. Telephone and internet bill.
6. Stationery charges.
7. Cost of cell phone.
8. Car loan interest.

Who is proper officer under GST?

As per section 2(91) of CGST Act, proper officer, in relation to any function to be performed under CGST Act, means the Commissioner or the officer of the central tax who is assigned that function by the Commissioner in the Board.

Do you charge GST on commission Canada?

The sales representative’s commissions are not subject to tax regardless of whether the commissions relate to taxable or zero-rated products. Sales aids sold in Canada by a network seller or one of its sales representatives to another sales representative of the network seller are not subject to tax.

Do I need to charge GST to foreign clients Canada?

GST With Foreign Clients As a general rule, goods that are exported outside of Canada and services rendered to non-residents are zero-rated under the GST/HST rules. This means that they’re technically taxable, but at a rate of 0\%, you don’t have to charge anything.

How to register GST in India for US company?

For quick and easy GST registration, Please visit our website: www.indiastartupbiz.com There is a India Company (A) which signs a IT Services contract with US company (B). India Company provides services to the clients of US Company across India and other countries. All the remittance will from B to A.

Can a foreign company provide services to an Indian company?

But the services are provided mostly within India to the Indian clients of the foreign company present in India. The foreign company has a representative office in Delhi (not a registered office as yet but in process, and first year contract is to be signed now).

How much income from overseas clients is required to register GST?

As clarified from CBEC & Department Export of Services = Inter State Supply, so even $1 income from overseas client will require to register for GST. And NO threshold limit applies in this case. I’m an exporter of services.

Do I have to pay GST on foreign exchange?

GST too is not payable, but if you are registered with GST there is a procedural requirement that you must submit a ‘letter of undertaking’ (form RFD-11 on the CBEC website, or you can google it) to the GST officer. You must get the foreign exchange payment within six months.