Am getting upwork payment in my Indian bank account.
My question is:
1. I have to take GST number ?
2. How to show this payment is by income tax book ?
3. I have to print a bill against 'upwork inc' for every payment received ?
Thanks in Advance.
I think there's some criteria on when you should get a GST no., possibly when your freelance income is >20lacs or so. Once again am not sure. I've got a CA to do this for me this june.
You could find one here on upwork or maybe cleartax, whichever suits you.
do checkout the below articles :
Thanks for the reply.
As per the details there, i dont have to add gst on my foreign income. I can print the bill without the gst amount. and i already applied for new gst number.
1. One last query is: If i got Rs. 50000 from upwork. Then i have to print a bill against 'upwork inc' for Rs. 50000 ? is this ok ? As per my knowledge its ok, but your suggestion will help me.
Well I didn't print anything of that sort. I just listed out all my upwork+miscellaneous income(for the financial year) on a spreadsheet plus the expenses incurred to freelance & shared it to the CA guy along with my bank statement. He took care of the rest TBH!
its a very simple sheet. there were just two columns, first column has the source of income (upwork, chrome webstore etc.,) & the second column has respective earned amounts. that's it.
I registered on Upwork in this FY. Just had similar queries as yours and while searching came across this conversation between you and Manilal.
So could you please share your experience, i.e. the modus operandi of showing this income in your return.
Thanks in advance.