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GST FOR LOCAL FUND TRANSFER

Active Member
Umang J Member Since: Apr 24, 2019
1 of 2
If i use LFT in India, does i have to get GST registration done ?(turnover less than 10 lakh) .I will be working for International clients.
Ace Contributor
Shubham K Member Since: Aug 18, 2017
2 of 2

Hi Umang,

 

Firstly, you are not required to obtain a GST Registration until and unless your turnover exceeds INR 20 lakhs. Furthermore once you take a GST registration and if all your clients are making payment via a wire transfer in your domestic current bank, you are eligible for filing GST returns without payment of GST. 

You can read my previous answer wherein I have explained in detail the compliance requirement for Indian Freelancers working on Upwork.

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