A Comprehensive Guide of GST Registration for Freelancers
In recent years, freelancing has become an increasingly popular career option, offering individuals the flexibility to work independently, choose their own clients, and set their own schedules. While freelancing brings numerous benefits, it also comes with specific responsibilities, particularly when it comes to taxation. One of the key tax related requirements for freelancers in India is GST registration. In this article, we will dive deep into the concept of GST registration for freelancers, who needs to register, the benefits of registration, and the steps involved in the process. What is GST? The Goods and Services Tax (GST) is a comprehensive, multistage, destination based tax levied on the supply of goods and services. Introduced in July 2017, GST replaced a range of indirect taxes such as VAT, service tax, and excise duty, thereby simplifying the tax structure in India. It is applicable throughout the country, ensuring a uniform tax regime. For freelancers providing servic...