![]() ![]() I'd need to upload the FIRCs since there are other invoices that I pay in RCM. Is there any TDS implication in all of these? So, what should I do to make all these calculations perfect? Should I somehow pay GST for 6600 Rs from my end since I didn't get paid that money in USD, but instead PayPal took it and didn't include it in FIRC? If I do that, I can claim it back since PayPal reports that with my GSTIN. Customers can select their preferred payment method no account with PayPal needed. PayPal actually does provide a GST invoice for that much amount, 18% of which will be available to me as ITC. No monthly cost or setup fees only pay when you get paid. Based on the GST registration details provided by the user, a tax invoice shall be issued by PayPal. PayPal provides a default invoice template for you to use or you can create your own customized templates. ![]() The new PayPal move has however exempted purchasing from the platform. So, there is a difference of 6600 Rs which is the PayPal charges+conversion fees. To make it as per the tune of Goods and Services Tax law in India, American online payments system has started levying 18 charge, effective from November 1, 2017. But the FIRC I have, which is the proof that I've received foreign currency which puts me in the 0% GST category, will only have an amount of 68400 INR which is the equivalent of $912. You've completed a job, submitted an invoice, but are never paid. In the case of GST, suppose the USD rate is 75, then as per everyone's opinion, I'd need to file a GST return with nil tax and 75000 INR in invoice. Taxes, Strategies, and Money-Saving Tips for Schedule C Filers Barbara Weltman. Click the Tools link on the top menu, and select the Invoicing option, then Create Invoice. ITR is not an issue since we can easily claim expense and not pay tax on it. Login to your PayPal account on a PC, Mac, or tablet. ![]() Thank you! I understand the stand of showing $1000 in GST and ITR. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |