USA Company – US Citizen- Living India more than 3 years
Query (Issue) Started By: – Prime Edge Dated:- 6-2-2018 Last Reply Date:- 14-3-2018 Goods and Services Tax – GST
Got 10 Replies
GST
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.
Reply By Rajagopalan R
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ports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes Central tax, State tax, Union Territory tax, Integrated tax and Cess.
The value of following supplies shall be taken into account while computing the limit of ₹ 20 Lakh/ ₹ 10 Lakh.
(a)
Value of all taxable supplies excluding the value of inward supplies
(b)
Value of exempted supplies
(c)
Value of export goods or services or both
(d)
Value of inter-State supplies of persons having same Permanent Account Number to be computed on all India basis
Thus in view of the above legal position and in view of your turnover in the preceding year as well as this year, you can
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tributed to member of Partnership LLC company. Do I still fall into GST registration and filing GST Return?
Reply By KASTURI SETHI:
The Reply:
Company is treated as a person. One irrespective of members in a. Company. If you talk of partnership firm, it is one.
Reply By Prime Edge:
The Reply:
i think I didn't explain my company structure.
Prime Edge LLC(USA Based)
Member 1 : Janak Shah
Member 2: Akshay Shah
Both members are based on India. Prime Edge LLC is providing service tax return filing to USA based Customers. Both members are paying the taxes to India for the profit which coming from LLC.
Based on my understanding both members are not required to file GST even revenue goes more than ₹ 20 lakh. Please confirm it.
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