How much GST on income earned by providing guest lectures? What AAR ruling says
Income earned from providing guest lectures will attract 18 per cent GST, the Karnataka bench of AAR has ruled. The applicant, Sairam Gopalkrishna Bhat, had approached the Authority for Advance Ruling seeking clarity on whether the income earned from conducting guest lectures, amounts to or results to as the supply of taxable services.
The AAR ruling would mean that service professionals whose turnover exceeds ₹20 lakh will have to pay 18 per cent of 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 consideration.
Individuals working part-time as instructors, trainers and mentors would also need to revalidate their liability to pay GST post this ruling,
Source:https://www.livemint.com/economy/how-much-gst-on-income-earned-by-providing-guest-lectures-what-aar-ruling-says-11645014274676.html
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