Hello,
I am USA Citizen. I have Tax return filing Firm in USA. Its LLC sole proprietorship. Its single member only company. I am the member. I run that company from India for USA Clients and Money goes to that company and later that money comes to member of that company. That means money will come back to me. I file the tax return in India and Report the income. Do I have to file GST as LUT? As far as I feel that since money is going to Company, I don't have to deal with GST.
Please assist on this query.
Thanks.
U.S. Citizen in India Queries GST Obligations for Multi-Member LLC Exporting Tax Services; Zero-Rated but Registration May Be Needed. A U.S. citizen residing in India for over three years operates a tax return filing LLC for U.S. clients. The individual inquires about the applicability of Goods and Services Tax (GST) in India, given that the service is considered an export. Responses indicate that such services are zero-rated under GST as exports, but the aggregate turnover, including exports, must be calculated to determine the need for GST registration. If the revenue exceeds 20 lakh, registration is required, regardless of the company's structure or number of members. The individual seeks further clarification on GST obligations for a multi-member LLC. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
