This discussion clarifies key GST queries for management consultants. The standard GST rate for management consultancy services is 18%. If your projected turnover for the financial year is under £20 lakh, GST registration is generally not required. Clients cannot insist on a GST invoice if you are not registered. Furthermore, you can register for GST under your proprietor name and later add your business's brand name.
15 April 2022
My queries are as follows:- 1) what is the GST rate on management consultancy 2) If expected turn over in FY 22-23 is within 20 lacs, is GST registration still needed? 3) Can clients or customers still insist on the GST invoice even if GST registration is not needed 4) Can GST be registered in name of proprietor and later-on brand name for business can be added.