We hire some employees with the help of recruitment companies. My query is, once GST comes into existence, how much GST will the service provider charge, and how can my company get input credit for the same. Will the cost of manpower service increase or decrease.
Thanks,
Amar Gandhi
From India, Ahmadabad
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Thanks,
Amar Gandhi
From India, Ahmadabad
Acknowledge(0)Amend(0)
GST Registration for Manpower Services
I am starting a new business providing manpower services from my office based in Ahmedabad. Once I start, I may have clients located in other states too and provide manpower services to them in those states as well. Do I need to do GST registration from the very first day of starting the business, or is it true that it is not necessary to do GST registration until a turnover of Rs. 20 lakh? Please confirm whether this is true.
GST Registration Threshold and Rate
Secondly, do I need to apply immediately once the turnover reaches Rs. 20 lakhs, and what would be the applicable GST rate for my category of services?
Input Tax Credit for Intangible Services
Thirdly, I believe that since this is an intangible service, how would the buyer of my service get input tax credit if I charge GST from them? Please help clarify my queries.
Thanks,
Amar Gandhi
Gujarat
From India, Ahmadabad
Acknowledge(0)Amend(0)
I am starting a new business providing manpower services from my office based in Ahmedabad. Once I start, I may have clients located in other states too and provide manpower services to them in those states as well. Do I need to do GST registration from the very first day of starting the business, or is it true that it is not necessary to do GST registration until a turnover of Rs. 20 lakh? Please confirm whether this is true.
GST Registration Threshold and Rate
Secondly, do I need to apply immediately once the turnover reaches Rs. 20 lakhs, and what would be the applicable GST rate for my category of services?
Input Tax Credit for Intangible Services
Thirdly, I believe that since this is an intangible service, how would the buyer of my service get input tax credit if I charge GST from them? Please help clarify my queries.
Thanks,
Amar Gandhi
Gujarat
From India, Ahmadabad
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GST on Salaried Employees for Their Services.pdf