Compliance Requirements

Tax queries 124 views 1 replies

Pursuing CA

Working

149 Points Joined August 2009

Dear All,

A person is providing professional service in unorganized manner out of India (abroad) and getting the payment (foreign remittance) into his bank account.

What compliance he needs to fulfil if he is to provide services in professional way.

1) GST Registration required or not

2) ITR which form is applicable.

3) Any other requirement if any.

Thanks

Replies (1)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

1. GST registration not required as it is exempt for export of services.

2. ITR 3 may be applicable

3. In case of GST export of services should be deal under LUT so that tax if any paid should be refunded