I have a GST registration for transport firm.
Now I want to work part time as a freelancer (IT related service)
I will get the payment in USD.
Place of supply is out of India.
now, procedure do i need to follow?
Do I have to show the income earned from part time work in Transport firm?
Or I should generate the invoice from personal name and show it as personal income not related to transport firm?
I have submitted LUT.
Can you please elaborate?
I am providing service. Not working under them.
Please do not read below.
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If you are working under employment and receiving the consideration as salary then no GST will be applicable on it.
If you are receiving professional fees then you have to pay gst under RCM. GST reg. have to be amended accordingly.
Invoice for IT service will be generated in the name of the firm already registered under GST. Since you have also obtained LUT you will be entitled to avail refund of input tax credit accumulated and utilised for export transactions.
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