Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
If the firm is located in North East India and its Aggregate Turnover is more than nine lakhs then the firm has to get registered and once it crosses ten lakhs then Liability for Payment of Tax under GST.
W Network
caI am proprietorship web hosting firm do I need GSTIN required for my business?
I am proprietorship web hosting firm under 10 Lakh annual turnover doing business with pan india customers including few foreign clients, do I need GSTIN for my business?
-
W Network
caIf the firm is located in North East India and its Aggregate Turnover is more than nine lakhs then the firm has to get registered and once it crosses ten lakhs then Liability for Payment of Tax under GST.
If the firm is situated in Rest of India and its Aggregate Turnover is more than nineteen lakhs then the firm has to get registered and once it crosses twenty lakhs then Liability for Payment of Tax under GST.
Therefore, place of business is important for registerring under GST.
According to Foreign income As per section 2 (6) of the MGL, aggregate turnover includes the aggregate value of:
(i) all taxable and non-taxable supplies,
(ii) exempt supplies, and
(iii) exports of goods and/or service of a person having the same PAN. The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act and the IGST Act.
Note, Aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies.
Having said that, getting GST registration done by an experienced CA would provide the comfort and guarantee that you can rely on, so 'Get a Wazzeer'
about 3 years ago
View answer
I am proprietorship web hosting firm do I need GSTIN required for my business?
I am proprietorship web hosting firm under 10 Lakh annual turnover doing business with pan india customers including few foreign clients, do I need GSTIN for my business?
-
W Network
caIf the firm is located in North East India and its Aggregate Turnover is more than nine lakhs then the firm has to get registered and once it crosses ten lakhs then Liability for Payment of Tax under GST.
If the firm is situated in Rest of India and its Aggregate Turnover is more than nineteen lakhs then the firm has to get registered and once it crosses twenty lakhs then Liability for Payment of Tax under GST.
Therefore, place of business is important for registerring under GST.
According to Foreign income As per section 2 (6) of the MGL, aggregate turnover includes the aggregate value of:
(i) all taxable and non-taxable supplies,
(ii) exempt supplies, and
(iii) exports of goods and/or service of a person having the same PAN. The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act and the IGST Act.
Note, Aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies.
Having said that, getting GST registration done by an experienced CA would provide the comfort and guarantee that you can rely on, so 'Get a Wazzeer'
about 3 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.