My earning source is through my website where advt. placed by facebook and google. First earning source is google and i have contract with indian advt. company who sent me payment for google. Second is facebook, who sent payment direct through USA.
For financial year 2020-21, total income through indian company was around 21 lakhs and through Facebook around 20 lakhs. I did not register for GST. For invoice of Indian company, I am supplied and there are not mentioned my gst and mentioned as Unregistered. Reciever's gst mentioned in invoice and they did not pay me for extra for GST. 2% TDS deducted for this under section 194C. So it is contract service.
For current year, income from indian company is around 19.5 lakhs.Now, I applied for gst before some days.
So i need to pay gst for 2020-21 for 21 lakh income which is from indian company? For facebook, i can take LUT.
RCM applicable for this case? If i need to pay all than an i take risk to only pay this year GST and forgot last year? Suggest me best way..
CAclubindia
