Regarding GST: Indian Business Owner

rocky12

Regular Member

Nov 19, 2015

322

45

• Jul 25, 2017

• #1

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

 

ViridWeb

Junior Member

Mar 11, 2015

155

35

• Jul 25, 2017

• #2

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.

 

rocky12

Regular Member

Nov 19, 2015

322

45

• Jul 25, 2017
• Thread Starter Thread Starter

• #3

ViridWeb said:

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.

Click to expand...

What purpose you would be using if you're receiving payments from Amazon.

 

Nut-Nights

Elite Member

Executive VIP

Jr. VIP

Jun 20, 2013

11,507

8,912

• Jul 25, 2017

• #4

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

 

ViridWeb

Junior Member

Mar 11, 2015

155

35

• Jul 25, 2017

• #5

rocky12 said:

What purpose you would be using if you're receiving payments from Amazon.

Click to expand...

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

 

rocky12

Regular Member

Nov 19, 2015

322

45

• Jul 25, 2017
• Thread Starter Thread Starter

• #6

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