Business Mentor, Consultant And Trainer
Onboarding, Recruitment, Employee Engagement,
If the financial earning for the last FY is more than Rs 20 Lakh, then it is mandatory to register for GST.
Those who do not register for GST are called as Unregistered Dealers (URDs). When you receive the invoice from the URDs, you need to pay the GST on their behalf and take the input credit. However, if the URDs are from other state, then you need to check the procedure with your CA.
28th June 2017 From India, Bangalore
I run HR consulting Firm. Yet I do not need to go for service tax registration. I am not coming under the criteria of earnings for GST. So just for clients requirements, can I apply to GST .. ?
29th June 2017 From India, undefined
Yes, if the client is saying that they will give you business only if you have GST then you will have to take it. But then if you register for GST, your headache will increase. Monthly you have to submit three returns and one annual. Therefore, per annum, you have to submit 37 returns. Check with client, whether they are ready to accept your services as URD. In fact, each company will have to deal with URD. They cannot escape from it. Telling service provider to register for GST is nothing but their high-handedness.
29th June 2017 From India, Bangalore