Applicability of gst & requirement of gst registration

Goapl Garg (Querist) 22 May 2017 This query is : Resolved
I am Financial Consultant( an Masters in Finance), currently working on monthly contract basis for fixed monthly contracted service charges of 90K(-) TDS for an Indian entity.I work from my Home for my principal. Such type of Contract is not permanent and I may switch to regular Job upon having better opportunity. Being under this contractual assignment,...

My query is:

01 Am I Required to obtain GST Registration if I continue to work for my present principal even after GST rolls out ?

02 Currently I submit my monthly Bill and receive payment after deduction of TDS. What shall be status of my charging the Service Charges and receipt of payment.

I need guidance as I have to submit certification to my principal to process my renewal.

Please guide.

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Guest (Expert) 22 May 2017
Post your Query at "CA Club " of this same Forum

Guest (Expert) 22 May 2017
You would get A Professional and Perfect Reply for your Query by Posting it at "CA Club" of this same Forum Please

Goapl Garg (Querist) 22 May 2017
ok, but I do expect Reply and advice from this forum also.

Adv. Yogen Kakade (Expert) 23 May 2017
I agree with the expert.

Rajendra K Goyal (Expert) 23 May 2017
Contact / discuss with local tax consultant.

Guest (Expert) 23 May 2017
Agree with Mr.RK Goyal

Guest (Expert) 23 May 2017
Discuss with Local Tax Consultant

krishna mohan (Expert) 24 May 2017
TDS and Service Tax are two independent taxes. TDS governed by PAN No. for right tax deduction at right rates. ST is governed by separate registration with ST authorities under which you have to charge your client and pay to Service Tax authorities. It appears you are not charging Service Tax. GST is covered for chargeable taxes like VAT, CST, Excise Duty, Service Tax, Octori etc., Consult a CA who can guide you rightly on exemption limit under GST for services and for registration.

rajeev sharma (Expert) 27 May 2017
TDS and Service Tax are deducted under two different laws, Income Tax and Service Tax. Service Tax is being merged with GST whereas the Income Tax ACt remains as such.Since you are a contractor your employer will remain liable to deduct TDS on the payment made to you. If your service to employer attracts service tax now it will attract GST in future.

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