THRESHOLD LIMIT FOR CONSULTANCY SERVICES

[Kishor Pohani]

Dear Sir,

I am working as a Consultant in an Engineering Consultancy firm on per day remunerations basis. Though TDS is deducted by the firm from remunerations paid to me for my services. Please let me know, if am supposed to pay / register for GST and what is the threshold limit for payment/Registering for GST I. e. up to how income per year one is exempted to register/pay GST as a Consultant , specifically to my case. Thanks and Regards.

[KASTURI SETHI]

Threshold exemption limit is ₹ 20 lakhs in a year. When you cross this limit, you are to apply for GST registration within 30 days from the date you are liable to pay GST. GST law is not applicable below this benchmark.

[Kishor Pohani]

Sir, thanks-a-lot for the reply.

AI Summary

GST registration threshold requires registration and tax liability when annual consultancy receipts exceed the prescribed limit; register within the statutory period. GST does not apply while an individual consultant's annual taxable receipts remain below the prescribed threshold of twenty lakh rupees. Once the threshold is crossed the consultant becomes liable for GST and must apply for registration within thirty days from the date liability arises. TDS deducted by the payer does not affect this separate GST registration obligation.