TMI BlogIncome from Social media postX X X X Extracts X X X X X X X X Extracts X X X X ..... sir.one of my client is promoting his own products in youtube and receiving amount for each such post from youtube, is this taxable under GST? - Reply By KASTURI SETHI - The Reply = Dear Sh. Vignesh Ji, Will you please elaborate your query ? The query is too brief to reply. - Reply By vignesh VSACCOUNTOPRIVATELIMITED - The Reply = Sir.my client is running a ret ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ail Jewellery shop and he is promoting his products by advertisng the jewellery he has in his shop, he has received amount from youtube for his posts. Will this atract GST? - Reply By Shilpi Jain - The Reply = Generally the money that he receives is for the number of clicks. It would generally be in the nature of export of services assuming that the amount is received in foreign currency from Y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T abroad. - Reply By KASTURI SETHI - The Reply = Shri Vignesh Ji, Has your client received the amount in foreign currency ? Pl. confirm. - Reply By vignesh VSACCOUNTOPRIVATELIMITED - The Reply = Guruji. s Money has been received in foreign currency. - Reply By KASTURI SETHI - The Reply = Dear Sh.Vignesh Ji, So Madam Shilpi Jain is right . Does transaction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... qualify all the parameters laid down in the definition of 'Export of Service' under Section 2(6) of IGST Act ? This aspect has to be examined. - Reply By vignesh VSACCOUNTOPRIVATELIMITED - The Reply = Guruji . The Conditions such as- (i) The supplier of service is located in India (ii) The recipient of service is located outside India (iii) The place of supply of service i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s outside India (iv) The payment for such service has been received by the supplier of service in convertible foreign exchange or in Indian rupees wherever permitted by the Reserve Bank of India, are satisfied. But 1. Client has not applied LUT still! will it impact? 2.Should the transaction be reflceted in GSTR-1 and self invoice for same to be generated? - Reply By vignesh VSACCO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UNTOPRIVATELIMITED - The Reply = Guruji. Will the above service fall under Import or Export? as the service provider You Tube is not in india? - Reply By KASTURI SETHI - The Reply = LUT is not a hurdle if actually service has been exported. Dear Sh. Vignesh Ji, Your client has 'received payment' from a person/firm outside India. It is not in dispute. So service has been provide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d and not received (imported). So it is export of service. However, it needs to be clarified on what account the amount in foreign currency has been received. Normally when we give advertisement, we spend money. Here in addition to spending, money has also been earned. The 'possibility' of import of service is also here. Therefore, correct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and concrete and complete reply is possible only after going through the terms and conditions of the agreement or invoices. Sometimes terms and conditions are mentioned in the invoice. Initially I asked for elaboration of the query. - Reply By Padmanathan Kollengode - The Reply = I agree with Shilpi Ma'am. I think ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... we have discussed this issue in another post in this forum in detail. - Reply By Ganeshan Kalyani - The Reply = It is an export of service. If the recipient is registered under GST then obtain LUT and pay no GST or pay IGST and claim refund. - Income from Social media post - Query Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 30-6-2023 Goods and Services Tax - GST - Got 11 Replies - G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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