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Vinod (Others)     17 June 2021

GST and Taxation in India for Foreign Income

Hi ,

I am an individual Consultant planning to provide software development services to a company based in Thailand. There is a contract between the company and myself and a monthly invoice rate is agreed. Since I am new to this, please clarify the below questions :

1. Do I need to have a GST?

2. For what amount I should raise in my monthly invoice? Or what will be percentage of GST?

3. Company will be deducting local taxes as per Thailand law , so how much will be my tax in India?

4. Do I end up in paying taxes in both countries? 





 3 Replies

CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     18 June 2021

You will be needing gst if your turnover crosses 20 lakhs. Invoice will be raised as per services provided. For double taxation refer Dtaa between Thailand and india.
Engage a professional for yourself to look after all this since you are new to industry.

Sourav (Student)     18 June 2021

1. If services value exceeds 20 lakhs rupees then GST registration is required.

2. Invoices will be raised as per the nature of services you provided.

3. It will be treated as foreign income so DTAA is applicable.

4. DTAA is applicable
1 Like

Vinod (Others)     18 June 2021

Thanks for the clarification

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