but i dont have an GSTIN number so can i select there "I am not registered with GSTIN". Would it anyway stop me from getting payment. As you said that we pay GST to our other vendors. I have no problem in paying GST for your services. But how will you collect?
Yes we need a detailed explanation from Upwork on this issue and from GST/Tax consultant in india.Most of the freelancers are not registered under GSTIN as we pay income tax instead.
1) Will GSTIN number will be mandatory to work on Upwork or it will be optional?.
2) Is 1% additional deduction by upwork is applicable for all as we have slab of annual turnover 20L/40L to be eligible to register for GST.
3) Does Upwork Freelancer will be liable to register for GSTIN?,99% clients on upwork are outside india, though we receive payment from Upwork not client directly.We cannot charge our foreign clients GST.So main question,is any freelancer having all clients outside india required to register under GST and need to submit gst returns considaring eligibility slabs provided by Indian GST law 20L/40L?.
4) If we register for GSTIN number (currently cancellation not possible) then ideally GST rate is 18% for freelancers and we have to fill 37 reurns in year,so its not easy change,all this money will go from our pocket/hard earned money.
So a brainstorming is required on this issue.
I would like some information on whether GSTIN is necessary.
I'm just an individual in India doing some freelancing. I do not have a company. Hence do I need to get a GSTIN or is a W8BEN form enough for tax purposes?
Thank you for the reply.
I will definitely consult with a local professional but I think the question I need answered is whether adding a GSTIN is mandatory or not on Upwork.
If my tax consultant says getting a GSTIN for freelance work is not necessary but Upwork says that it is mandatory means I'll have to change my game plan.
So yeah, that is the questions.
Its not mandatory. The idea is: If you are registered under GST in India, provide your gstin. If you are not registered no need to provide number, just mention you are not registered under gst.
It's 1% that means for $6k it will be $60. And that too will go to Government and not Upwork as we are already saving a lot by being a consultant in taxes! I believe that's a good thing, no?
Anyway, this will only be applicable once Upwork register in India which I believe would be very soon.
Yep Sorry i calculated it later $60 is fine i guess and that will cover a lot of freelancers like me when i woke up this email immediately prompted at my face so you can well imagine how that extra 0 came after 60 anyways tks for replying back its great to keep this thread active as now upwork is gearing up for GST india so alot of people like me will be jumping here
Totally understand, If there was an extra 0, I would have been jumping too. .
Also, I think full details are yet to come out. This GST amount should be on Upwork services sliding fee (20%, 10%, 5%) and not on total earning. Once Upwork register in India, they have to pay taxes to the Indian Government based on what they earn from us in fees. For more details, you can search for Australia and EU GST thread.
Well, I am also waiting for full details as of now.