I am not a professional but working as a Consultant for various company secretarial work and raising bills. Till now 10% TDS was deducted from the bill. Do i have to add GST which is applicable from July, 2017 or else the gst shall be deducted from the gross? Please clarify urgently.
Till your aggregate turnover is below 20 lakhs, you are not required to register under GST and addd GST to your bill.
Reverse charge will be applicable for the client companies under sec 9(4) CGST act.
The amount will have to be paid in addition to the bill amount by the recipient of service.
DO YOU MEAN GST IS NOT APPLICABLE TO ME?
If you recieve consultancy charges below 20lakhs or your total turnover below 20lakhs than no need to register under GST
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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