Financial Ikigai

GST is the main concern for every freelancer & there is a lot of confusion regarding when to take GST Registration & what will be the process for the same?

So here I am clearing the confusion!!

GST registration needs to be taken when the turnover or the Sales of the freelancer increases from 20 Lakhs.

Suppose that from April to June your Turnover was Rs 18,75,000/- then GST was not applicable for you but till August your turnover is Rs 20,10,000/- then the threshold limit is crossed & now you have to take registration from August month.

But if you are a freelancer working in the Northeast States, then the threshold limit is Rs 10 Lakhs for taking registration.

Are you still confused about GST or have any doubt regarding GST, then mention it in the comments!!

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As a freelancer it becomes very much important to manage money as all the amount is received through online payments or from various payment platforms such as Razorpay, Phone pe, Google Pay, etc. So it becomes very essential to manage your bank account to succeed in the freelancing business.

Stop doing these 3 things with your money!!


1. Not keeping separate personal & business bank accounts- Since all the money is received in bank account, in order to maintain the ins & outs of the freelancing business & to analyze which month worked better, what expenses you made especially for the freelancing business, etc. it is important to have a separate saving bank A/c for your freelancing business income.

2. Not tracking the expenses & income every month- If you keep a separate bank A/c for freelancing income, it becomes very easy to analyze & track the expenses. Also, don’t forget to record the same in excel or any app which helps you to analyze at the year-end & help you to take corrective actions.

3. Taking money advice from relatives.- Since freelancer starts working even when they are in college, they take financial advice from their relatives or their friends of the same age. It becomes very essential for money management to actually take the advice from an expert who knows the ins & outs of money. Random advice on money might save a penny but make a loss in long run. Be careful while taking money advice.

If you are still confused about this? let’s chat, my DMs are always open.

Are you watching the revolutionary show

If yes, you can relate to my post & if no, then go & watch it, you are missing something in your life.

I will share my journey here before coming to the show.

As a child, I used to watch a lot of TV Serials, starting from 7 pm till 11 pm. Ask me any TV serials story, I have the answers.

Although a bright student, I was not aware of the real-life problems or opportunities & was living in the Reel world of TV serials.

As we grow up, we are given a lot of opportunities in our life to learn & grow. One such opportunity is Sharktankindia.

The younger generation is so blessed to have access to the internet to learn about pitching, investors, different business ideas, startups, their functioning, etc. which was not available when we were in schools/colleges. & for those who cannot afford the internet or are not connected with this virtual world, Sharktankindia has given them the opportunity to learn through Indian Television itself.

Also, the concepts/Lesson of the day by the Sharks is the bonus for those who watch till the end.

I am really thankful to for starting this show & want you to make many seasons of the same.

What are your views about the show? Let me know in the comment section below.

.in .pe