Paypal and GST in India

Discussion in 'General Indian Domain Name Discussion' started by Jeff, Sep 5, 2017.

  1. Jeff
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    Jeff Canada Administrator Staff Member

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    Domainant and LLL.in King like this.
  2. Domainant

    Domainant Member

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    Wow, this is sure to harm freelancers who are already marginalized. And the 18% is on top of other Paypal fees, correct? I wonder how this will affect domainers and the buying up of .in domains.
     
  3. ritchie

    ritchie Kenya Active Member

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    I agree with you @Domainant since 18% is quite an exorbitant amount. I'm trying to open the link with little success but I guess I will get more insight after reading. Still, won't this discourage freelancers from using PayPal? What other payment methods are available?
     
  4. Jeff
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    Jeff Canada Administrator Staff Member

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  5. Jeff
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    Jeff Canada Administrator Staff Member

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    Seems like the initial article is in error and Paypal has clarified that the GST is only on Paypal fees:

    https://i.imgur.com/u7SXDB5.png

     
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  6. marsh

    marsh Kenya Active Member

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    It makes sense if it is on the fee charged by 5%. A fee of 18% on the entire amount would be ridiculous. I hope this won't put off freelancers.
     
  7. Kimla

    Kimla United States Member

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    This is crazy. A someone who feels that a fee or more than 5% is outrageous, I think that a fee of 18% is repulsive and off putting. I think this would drive a lot of business away from pay pal.
     
  8. Nishith

    Nishith India Member

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    Indian Consumers are already paying 18% more towards Domain Registration, Hosting, etc. as GST. But If you are a registered dealer then you can claim this all fees back as an ITC.

    And I think this 18% GST will be on Paypal Fees only. It can't be of the entire transaction amount and this is pretty common.
     
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  9. Nishith

    Nishith India Member

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    Paypal can not do anything in this case, this step is taken by Govt. Of India and tax on cross border transactions was introduced while the era of Service tax Only. I think around in December 2016. This is applicable to all the operator around the globe to collect the tax from Indian Consumer. No Choice!