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GST Code and section 44AD applicability for DTP Job Work business

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MuthuKrishnan

Manager

31 Points Posted on 01 January 2021

Hi All,

I am running a business of DTP job work from foreign clients and getting payments in USD. I want to know whether my business is eligible for section 44AD presumptive taxation. My revenue is under 20 Lakhs. Kindly clarify,

1. My business is eligible for section 44AD?

2. My business is Goods or Service under GST? Whether the exemption limit is 20 Lakhs or 40 Lakhs?

I will be greatly appreciate if anybody clarify my queries.

Thank You

Regards

Muthu

Replies (1)

Sumit Shukla

265 Points Posted on 01 January 2021

First of all its a service And thus limit of registration is 20Lacs. You may voluntarily take registration not compulsory required. However if registered you can be eligible to claim refund of ITC of GST paid on inward supply provided it fulfill the Zero Rated Supppy condition under Sec 16 of IGST act