Meaning of Translation Services
Translation Services means translation of source language in another language. Translation includes the changing of syntactic elements of a language but its meaning. In simple Language translation service enable user to have there information available in some another language. However keeping meaning same. In this article we discussion about GST On Rate and SAC Code on Translation Services and Language translation services.
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GST Registration for Translation Services
Section 22 to 25 specifies the persons who are liable to obtain GST Registration.
Every person who is engaged in supply of Translation Services services will be liable to be registered under the GST if
- Aggregate Turnover in a financial year of taxable supply of [highlight background=”” color=””]goods or services exceeds Rs. 20 Lac or (Turnover > 20 Lac) [/highlight]
- Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 10 Lac if person is located at North Eastern area ( Manipur , Arunachal Pradesh , Nagaland , Meghalaya , Assam , Tripura & Mizoram , Sikkim , Jammu & Kashmir , HimachalPradesh & Uttarakhand ) ( Turnover > 10 Lac )
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What is GST Rate on Translation Services ?
| Group 99839 | GST Rate on Translation Services | GST Rate |
| 998395 | Translation and interpretation services | 18% |
| 998395 | GST on language translation | 18% |
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GST Return filing for Translation Services ?
- GSTR 3 B Each Month by 20 th of next month.
- GST registration holder would have to file GSTR-1 ( based on turnover its monthly or quarterly )
- Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December.
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GST Credit ITC For Translation Services Provider
A registered taxpayer under Translation Services can claim the credit of taxes paid by him on inward supplies if he has a valid invoice and taxes are deposited by the supplier to the Govt. The input tax credit so claim by a recipient shall be reversed if he doesn’t make payment of the amount towards the value of supply of goods or services along with tax payable thereon within a period of 180 days.
Conditions to Claim GST ITC Credit
- Recipient has valid tax invoice / Debit Note / Bill of Entry
- Goods or Services are received
- Taxes are paid to Govt. ( From Supplier side )
- GST Return is filed
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When GST become Payable for Translation Services?
Earliest of the following date shall be considered as time of supply for Translation Services.
- When invoice is issued
- When invoice is not issued in 30 days from date of supply of service
- Date of receipt of services in books of account of service recipient
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What is SAC Code For Translation Services ?
SAC Code For Translation Services as below. SAC code for Translation Services fall under two categories of the SAC headings. First two digits are same for all, Next two SAC code Signify as major service and last code Signify detailed nature of service. SAC Code For Veterinary Services as below.
| Group 99839 | SAC Code on Translation Services. |
| 998397 | Translation Services & Brand Promotion Services |
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