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GST: Will we be required to reverse input credit under the new tax regime?

The GST regime envisages liberal input tax credit provisions

GST, Tax
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GST, Tax

Amit Bhagat

I am a freelance software developer with an annual turnover of Rs 22 lakh and Rs 26 lakh in the past two years. As a freelancer, how will GST be charged to me? There are two more people who work with me but all the billing is done in my name. 
 

As a freelance software developer having a turnover of over Rs 10 lakh during the previous year, I understand that you would currently be having a service tax registration. Under the GST law, any person who is registered immediately preceding the date of GST implementation is mandatorily required to