Revenue earned from offering visitor lectures will entice 18 per cent GST, the Karnataka bench of AAR has dominated.
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The applicant, Sairam Gopalkrishna Bhat, had approached the Authority for Advance Ruling in search of readability on whether or not the earnings earned from conducting visitor lectures, quantities to or outcomes to as provide of taxable providers.
Whereas passing the ruling, the AAR mentioned the mentioned service falls below the class of different skilled, technical and enterprise providers and doesn’t fall below the exempted class of providers. Therefore, the mentioned providers supplied by the applicant entice GST of 18 per cent, it mentioned.
The AAR ruling would imply that service professionals whose turnover exceeds Rs 20 lakh must pay 18 per cent items and providers tax (GST) on earnings earned from offering visitor lectures.
AMRG & Associates Senior Associate Rajat Mohan mentioned this ruling will open pandora’s field for thousands and thousands of freelancers, academicians, researchers, professors and others who share data as visitor lectures on fee of a consideration.
“People working part-time as instructors, trainers and mentors would additionally have to revalidate their legal responsibility to pay GST publish this ruling,” Mohan added.
