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Profits earned from providing guest lectures at disaster of 18 pc GST: AAR

Profits earned from providing guest lectures will entice 18 per cent GST, the Karnataka bench of AAR has dominated. The applicant, Sairam Gopalkrishna Bhat, had approached the Authority for Come Ruling in search of readability on whether the revenue earned from conducting guest lectures, amounts to or outcomes to as supply of taxable providers and products.

While passing the ruling, the AAR talked about the talked about service falls below the category of a quantity of skilled, technical and change providers and products and does no longer fall below the exempted category of providers and products. Hence, the talked about providers and products provided by the applicant entice GST of 18 per cent, it talked about.

The AAR ruling would mean that service consultants whose turnover exceeds Rs 20 lakh need to pay 18 per cent goods and providers and products tax (GST) on revenue earned from providing guest lectures.

AMRG & Associates Senior Partner Rajat Mohan talked about this ruling will birth pandora’s field for thousands and thousands of freelancers, academicians, researchers, professors and others who fragment data as guest lectures on price of a consideration.

“Other folks working section-time as instructors, trainers and mentors would additionally need to revalidate their authorized responsibility to pay GST post this ruling,” Mohan added.

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