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? 

Thanks,

Vinod

 

 

Replies (3)
Quick Summary
This discussion clarifies Goods and Services Tax (GST) and income tax obligations for an individual consultant providing software development services to a company in Thailand. Key points include the GST registration threshold (₹20 lakhs turnover), invoicing based on services rendered, and the applicability of the Double Taxation Avoidance Agreement (DTAA) between India and Thailand for foreign income. It's advised to consult a professional for personalised guidance.

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.
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

Thanks for the clarification

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