Income earned from providing guest lectures liable to 18 pc GST: AAR : Rashtra News
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While passing the ruling, the AAR said the said service falls under the category of other professional, technical and business services and does not fall under the exempted category of services. Hence, the said services provided by the applicant attract GST of 18 per cent, it said.
The AAR ruling would mean that service professionals whose turnover exceeds Rs 20 lakh will have to pay 18 per cent goods and services tax (GST) on income earned from providing guest lectures.
AMRG & Associates Senior Partner Rajat Mohan said this ruling will open pandora’s box for millions of freelancers, academicians, researchers, professors and others who share knowledge as guest lectures on payment of a consideration.
“Individuals working part-time as instructors, trainers and mentors would also need to revalidate their liability to pay GST post this ruling,” Mohan added.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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