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Regarding GST: Indian Business Owner

Discussion in 'Business & Tax Advice' started by rocky12, Jul 25, 2017.

  1. rocky12

    rocky12 Jr. VIP Jr. VIP

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    As of July, GST has been implemeted in India.

    What purpose code you're using while receiving money from Paypal and Payoneer.

    As far as I understand, export of services is exempted from GST.

    Thats why I would like to put the right purpose code
     
  2. ViridWeb

    ViridWeb Jr. VIP Jr. VIP

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    It depends which service you provide or which product you are exporting.
    I don't think all kinds of export is exempt from GST..
    You should consult with your CA.
     
  3. rocky12

    rocky12 Jr. VIP Jr. VIP

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    What purpose you would be using if you're receiving payments from Amazon.
     
  4. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    OP contact a proper CA for that if your receipts are in high limit. You will not get correct info on BHW.
     
  5. ViridWeb

    ViridWeb Jr. VIP Jr. VIP

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    Well if you are an Indian then I don't think you need PayPal to get paid. Amazon India will directly deposit the money to your bank account.

    And if you exporting goods to overseas then you can choose the following

    Export of Goods
    Cross border delivery of goods and services
     
  6. rocky12

    rocky12 Jr. VIP Jr. VIP

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    No, they ( Amazon USA ) use payoneer to deposit the funds.

    And, for payooner we have to give a purpose code.
     
    Last edited: Jul 25, 2017