RemoteIndian

Is there a exemption list of items in GST portal?

Other clients with 100% exports, exceeding 20lpa, no gst.

Yes. I did my own research a few months ago.

I handle my own taxes and paperwork, my CA is just to check what I do myself.

I never had one too :man-raising-hand::skin-tone-3:

Another thing the CA mentioned is: After registering for GST, you also have to add LUT (letter of undertaking) in the portal.

:wave::skin-tone-3: Parbhat, Can you do this and let us know how easy/tough it is ?

hello, I am also looking for ways to avoid it. It is a burden to file a GST return every month. In the end, there is only compliance and no tax to govt.

Ah! Okie !! I am sorry I missed that part :sweat_smile: :pray::skin-tone-3:

np. I will post about it if I end up taking one.

Looks like gst is a very corrupt department prone to extorsionism. The maximum risk in not doing it even if officer insists looks like maybe 10-15k fine plus requirement to do it going forward, if done above the board and fully legally. I commisioned a risk analysis for now. I won't do it probably unless asked to.

There are no cases so no history of how ambiguities are resolved. Ours looks like it is exempt from gst compliance but law is not very clear. Some are taking a conservative approach and filing gst.

yup, one CA also suggested the max risk is fine for not taking GST number. He said fewer issues below 20 lpa. But recommended taking if go above 20lpa.

I guess you are fine below 50lpa without GST! File your taxes under 44ada

But this is applicable for money not earned in India :sweat_smile: 

Taxes and shizzle was why I never had Indian clients. It makes taxes complicated 

Looks like I have bigger headaches. Foriegn invoices if unpaid for more than 3 months are a pain paperwork wise apparently.

If the amount is above 20lpa while filling ITR using 44ada (presumptive taxation for professionals), it will not be processed. As GST number is required if the amount is above 20. My friend has to take GST number last year because of this issue.

I think 20lpa of taxable income, that is what my CA consultant guy told me. So, when I said 50 that was total income! 

Phani, you can change the date on invoice and notify client :) 

My CA guy also asked me about nature of exports and I guess software has different rules than physical export for example 

yeah, things are kind of complicated here. It seems best to avoid GST number until it is possible.

Official verdict from my CA and her team is that it's a grey area. The act mentions that registration is optional if all services are exempt. Under exempt services list there's an entry mentioning nil rated services. That phrase is not used anywhere else, but zero rated services is used. And export of software services, which is a good classification for most of us, is zero rated. Act claims in another part that for exports registration is mandatory irrespective of turnover. Nobody knows which one takes precedence when they conflict.

Ya ya, Indian tax shenanigans only yield fine, it is jail in USA, so we are lucky there! IMO these shizzles figure themselves out with time 

Looks like only a few people like us have a GST number.

But burden is not only to file GST only monthly basis

There are different kinds of return even in GST

In which few needs to be filed monthly and few them quaterly

:wave::skin-tone-3: Yashu. The number of returns should be reduced in the future:small_red_triangle_down:

No offense, but it's India dude nothing reduce here. <@UF45AC8S1>

Multiple experts are saying GST is required along with an LUT. Nil rated and zero rated supplies are different, most of us come under zero rated supply, not nil rated. And we are not exempt from GST.

There was some confusion initially. But after more consultation with CAs already dealing in GST, and some old hands, it's cleared. There's no conflict between the two rules I mentioned earlier because they deal with distinct categories. Nil rated supplies specifically mention nil under their tax rate in notifications. Exports are not nil rated, they are zero rated.

Do experts you talked with suggest a threshold amount after which one should definitely get GST number? Also, the GST is new therefore the govt. is lenient. But who knows what will happen after elections.

Nope. No threshold. If you engage in export of services, you need GST and LUT. Gst department is a mess right now, so they are not enforcing evwrything. But might catch up by end of year apparently.

Hey <@U8Z3Q3TQR> and <@UF45AC8S1>, Thank you for all the detailed research on this topic :thumbsup::skin-tone-3:  

Do you think it makes sense to compile the imp points in a gist or blogpost ?

Sure if you are dealing with intrastates then you definitely need GST number

Govt has a GST of 18% on services in India. For encouraging exports/others, they make it 0%. From this angle, it seems required.

Hey guys ! Can anyone suggest a SMS and e-mail service API that's cost effective and suitable for India?

Not sure what is the cheapest right now, but I had good experience working with Mandrill for emails

<https://mandrillapp.com/api/docs/>

For sending emails, both Mandrill and Sendgrid are easy to set up and not very expensive.

The cheapest good option I think is Sendy. <https://sendy.co/>

I also find <https://www.sendinblue.com> while searching. Let me know your opinion on it.

If you are a programmer, I would really recommend signing up to this newsletter :point_right::skin-tone-3: <https://codewithoutrules.com/softwareclown/>

Super nice talking to everyone. Realized I was on mute at the end there so couldn't really say bye. :see_no_evil:

Would be down to do this once every week though.

Does anyone know what is the name of the app which compresses the images.

I don't remember the URL, but I think it was <http://squash.app|squash.app> or something

BTW, I have found the app url it was <https://squoosh.app/>

-.txt

When people want to buy Ferrari at the price of an Alto.

Metabase meetup this Saturday @ Zoomcar office in Bangalore: <https://in.explara.com/e/metabase-users-group-bangalore>

Wish these were in India <https://twitter.com/dabit3/status/1120751723780300801?s=19>

The things companies do to capture the market

:tada: Here's a very good offer for a financial health checkup. Did this at the start of the year. Worth the money ! Limited slots available !! <https://www.jagoinvestor.com/financial-planning-offer>

:warning: My only caveat with them was that I had to share financial data with them :sweat_smile:

What do you mean? How else will anyone do _checkup_ without financial data

It could easily have been a client side app. User fills in the data, gets the report without any data sent to the server

Anyway, I digress from the point !! I love the content that JagoInvestor publishes and I had a good enough experience with this health check-up to recommend them.

&gt; User fills in the data, gets the report without any data sent to the server
If you are talking about the above link, this is a classic lead generation. Info is collected and someone from sales will contact you in later

<@U6M8YKEFJ> which plan did you choose? In case of tha starter plan, does your credentials get expired after the usage(get the checklist)?

<@UF15UNM9B> not sure about that. Also I chose the most basic plan which costs 999 bucks

Hey <@U6M8YKEFJ>,
Have you created any kind of open calendar from where we can see when will be the next zoom meeting?

A very good idea. I can do that :+1::skin-tone-3:

I have decided to use Google Meet instead of Zoom for the next meeting

Zoom has a 40min time limit which I am afraid is a little less

Why don't you use calendly to accept meeting invitation?

Can't wait to join the next meeting :blush:

Sending out a meeting invite to 200 folks for a very low-priority meeting doesn't seem wise to me. But I will surely post meeting details in the <#C6MCFN6TB|announcements> channel. So keep a watch there :slightly_smiling_face:

No, it's not about sending invites, instead it is about the people who are interested can join the meeting.

You will understand what I am trying to say you check it on calendly

I know about calendly and I love the product, but I don't see the purpose for it right now. What are your concerns if I post the Google Meet link on <#C6MCFN6TB|announcements> channel :thinking_face:

Yeah, posting a link in <#C6MCFN6TB|announcements> channel is very helpful. But I am here talking about more of a long term process.

Since you already know about calendly, recently they have added this feature called Groups where you can allow multiple invitees to schedule the same slot very useful for tours, webinars, classes, workshops, etc.

So you can create add a future date for a meeting in the calendly.

and this way people can just open the link check for time feasibility and book for a meeting, this way they can automatically get an email about the event and all the stuff.

I am sure it will also increase the number of user engagement.

Let’s keep it zoom and 40 min so it’s bound

Hey Yashu, Thanks for explaining it very clearly to me. As much as I like to use tools, this feels like premature optimisation to me. Happy to have a call if you feel otherwise :slightly_smiling_face:

Calendly is a great option too. Thanks Yashu

Fine with Google Meet as long as it is time bound

I have heard many times Jesse saying you are a big contributor to his live stream

Interested in security ? Found an interesting community called _Null_ - India's largest open security community :point_right: <https://null.co.in/>

Unfortunately I never see events in Kolkata

Kolkata (or eastern part of India) has never been the goto place for tech communities :sweat:

<https://www.fastcompany.com/90338929/the-former-lead-designer-of-gmail-just-fixed-gmail-on-his-own>

How's this for a growth-hack technique? <https://twitter.com/Learn_Awesome/status/1121771701706973186>

This one's not bad either :sweat_smile: <https://twitter.com/KentBart1/status/1121697860557262849>