Freelancer with over 20 LPA turnover, what next?

[Centuryblack9]

Hey guys,

I am a freelancer and provide video production services to international clients through freelancing platforms and directly. Since, April 1, 2023, I already touched 18 laks and will cross 20 lakhs in a month or two. I heard if you are self employed and if your turnover crosses 20 lakhs then you need to register. Can someone guide me here? Also, I don't provide services to Indian clients so not sure if GST registration is required or not.

 

[arjungoyal12]

I think you will be required to get a GST registration because you are operating from India only. Is your company registered or do you just work as an individual? You can show 50% of income as profit and only that income will be taxable through Presumptive taxation

 

[Centuryblack9]

I think you will be required to get a GST registration because you are operating from India only. Is your company registered or do you just work as an individual? You can show 50% of income as profit and only that income will be taxable through Presumptive taxation

Hi Arjun, thanks for the reply.
I work just as an individual so far.