GST on consultancy services

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..... Dear Sir/Madam I propose to take up a job (after retirement) as a consultant to an insurance broker. I will be getting a fixed salary and also variable pay depending on the business I bring in. What are the GST implications for me in this profile. Do I need to register for GST and file returns ? Would be obliged if you can advise in details since I dont have knowledge about GST rules. - Reply B .....

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..... y KASTURI SETHI - The Reply = Consultancy is a taxable service under GST. Threshold exemption of Rs.twent lakhs is admissible to you. It depends upon the terms and conditions of appointment letter to ascertain whether you are an employee or not. - Reply By Mahadevan TV - The Reply = Thank you Mr.Kasturi Sethi for your reply. The appointment is as a consultant to provide advisory services. .....

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..... The word employee is not mentioned. - Reply By Surabhi Parihar - The Reply = Dear Sir, Considering that your terms of service are not covered in the capacity of an employee, in that case you would be treated as an individual service provider for rendering consultancy services @18%. However, any service provided till a turnover of ₹ 20 Lakhs would be exempted from GST. Whereas, post cro .....

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..... ssing the turnover limit you would be liable to discharge liability at the given rate and make due compliance under law. - Reply By Mahadevan TV - The Reply = Thanks Ms.Surabhi for guidance. - Reply By Ganeshan Kalyani - The Reply = A consultancy service is a taxable service. GST is applicable if the turnover crosses the threshold limit of twenty lakhs. - GST on consultancy services - Quer .....

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..... y Started By: - Mahadevan TV Dated:- 21-4-2020 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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