I am indian resident and I am proprietor of gst registered firm. now i am also running online coaching of yoga to my foreign clients then income from that foreign clients is taxable under gst and am i liable to collect gst on that because i am gst registered.
Menu
GST ON FOREIGN INCOME
Replies (1)
As an Indian resident and proprietor of a GST-registered firm, you are required to charge GST on your services, including online coaching services provided to foreign clients.
The GST liability depends on the nature of the service and the location of the recipient.
Since you are providing online coaching services to foreign clients, this is considered an export of services.
As per the GST laws: - Exports of services are zero-rated, meaning you don't need to charge GST on the services provided to foreign clients. -
However, you need to obtain a Letter of Undertaking (LUT) from the GST authorities to export services without paying GST. -
You also need to ensure that the foreign client is not a GST-registered person in India.
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
