dextermorgan
I got banned!
paypal is going to charge 18% gst on paypal transaction fees from oct 2017. I wonder if its even feasible for freelancing profitably in india
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GST on PayPal in India
- Thread starter dextermorgan
- Start date
- Replies 4
- Views 2,087
They require all online businesses to register for Gst. I assume this would be refunded for Gst registered billers? @vedantlath
Modi further asked taxman to get smaller businesses with less than 20L revenue to register for Gst. Pure tax terrorism in India.
Modi further asked taxman to get smaller businesses with less than 20L revenue to register for Gst. Pure tax terrorism in India.
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unrelated but relevant...
i pay for software updates and hosting in usd. yes bank charges me a conversion fee on this. and they charge gst on that conversion fee.
when i pay in foreign currency through paypal, it gives me two options... i can pay using their conversion rate or i can pay using my bank's conversion rate.
has anyone calculated which is cheaper generally speaking? i also wonder if gst would be applied by paypal on these currency conversion. i am guessing not because the transaction is processed by their international division? 18% gst on conversion charges by bank might push it ahead of paypal's own conversion charges? annoying stuff.
i pay for software updates and hosting in usd. yes bank charges me a conversion fee on this. and they charge gst on that conversion fee.
when i pay in foreign currency through paypal, it gives me two options... i can pay using their conversion rate or i can pay using my bank's conversion rate.
has anyone calculated which is cheaper generally speaking? i also wonder if gst would be applied by paypal on these currency conversion. i am guessing not because the transaction is processed by their international division? 18% gst on conversion charges by bank might push it ahead of paypal's own conversion charges? annoying stuff.