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Indian Paypal Users - Paypal is going to charge 18% GST from October

Discussion in 'PayPal' started by hibiscustechno, Aug 31, 2017.

  1. alvinperez

    alvinperez Active Member

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    #21

    Indian GOVT only know how to took money, they don't have giving option in their dictionary
    SEMrush
     
    alvinperez, Sep 3, 2017 IP
    SEMrush
  2. greatme

    greatme Active Member

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    #22
    9% central GST and 9% State GST becomes 18% General GST. But Yes we will have to Pay Income Tax too.

     
    greatme, Sep 3, 2017 IP
  3. Nitin vishwakarma

    Nitin vishwakarma Member

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    #23
    Let's do it guys
     
    Nitin vishwakarma, Sep 4, 2017 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #24
    Is there any other option left for us ?

    DON.
     
    deluxdon, Sep 4, 2017 IP
  5. dabbu347

    dabbu347 Active Member

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    #25
    That's really matter which has be taken not lightly.
     
    dabbu347, Sep 4, 2017 IP
  6. CTurner50

    CTurner50 Peon

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    #26
    Would using a USA PayPal account help bypass all these fees?
     
    CTurner50, Sep 6, 2017 IP
  7. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #27
    Yes but not advisable.

    DON.
     
    deluxdon, Sep 6, 2017 IP
  8. IndiaNets

    IndiaNets Active Member

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    #28
    I see a relief, PayPal is going to charge 18% GST on its fee only, not on all the income, which would have been a disaster for everyone.

    Incidentally, I am here after a long time and my last post was in 2011 September about the PayPal issue of then.
     
    IndiaNets, Sep 8, 2017 IP
  9. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #29
    For a big transaction amount it matters a lot.

    DON.
     
    deluxdon, Sep 10, 2017 IP
  10. dabbu347

    dabbu347 Active Member

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    #30
    Ok agreed... what happens when the amount is less and GST on it 18% exceeds your amount :confused:
     
    dabbu347, Sep 11, 2017 IP
  11. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #31
    How's that possible ?

    DON.
     
    deluxdon, Sep 11, 2017 IP
  12. hibiscustechno

    hibiscustechno Well-Known Member

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    #32
    hibiscustechno, Sep 14, 2017 IP
  13. hibiscustechno

    hibiscustechno Well-Known Member

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    #33
    To all guys , Can you please confirm how many people has been registered for GST . How you are planning to do the taxation ..please share the steps you have taken so that it can be useful to others also
     
    hibiscustechno, Sep 14, 2017 IP
  14. Technomahik

    Technomahik Active Member

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    #34
    Every time Indian paypal users suffering whenever any policy changed. Never heard any good news from paypal to Indian users.
     
    Technomahik, Oct 2, 2017 IP
  15. Nick_Mayhem

    Nick_Mayhem Notable Member

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    #35
    It is not on Gross income that you get.

    It is applicable on the Service charge that paypal deducts from us. Therefore whatever we were paying to paypal will be increased by 18%.

    I just got a payment from overseas and it was credited to my paypal after deducting paypal fees only. It didn't deducted 18% on the total amount.

    As far as GST number thing goes. I don't have any. Because my turnover is not exceeding 20 lacs per year.

    Additionally I only get overseas payments in paypal and have never got a single INR from anyone in last 10 years. So it is already exempted under export.

    Moreover in past it was mandatory to register even if you were doing export as it was coming under interstate supply and then you were to get the credit. But after last GST council meeting it was decided that exporters who don't have turnover exceeding 20 lacs are also exempted from registration of GST.

    Source: https://yourstory.com/2017/10/gst-relief-startups-small-and-medium-businesses/

    Therefore you can either register for GST and try to get those pennies back from paypal which it charges on those fees. OR you can just say good bye to that additional 18% on paypal fees.

    I know that bigger payments can have bigger effect but if the payments are bigger then obviously you are making turnover above 20 lacs and you will have to do the GST stuff in either case.

    From current scenario all I can make out is that for guys who are below 20 lacs you can just think of it as an increase in paypal fees by 18%.
     
    Nick_Mayhem, Oct 29, 2017 IP
  16. anzilone

    anzilone Notable Member

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    #36
    The end of PayPal in India?

    PayPal says we can not receive a payment without a GST number.
     
    anzilone, Oct 31, 2017 IP
  17. anzilone

    anzilone Notable Member

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    #37
    Sorry for the confusion.

    I got a personal message from PayPal directly from the site itself. Here is the screenshot.

    Message Details - Secured Message Center.png
    Thank you.
     
    anzilone, Oct 31, 2017 IP
  18. FreeFun4Every1

    FreeFun4Every1 Prominent Member

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    #38
    I am using https://transferwise.com/us now since past few months and really happy with it.
    • Developed by skype developers
    • very low fees
    • We receive money into our bank within 2 hours after client send it
    Just try it but you should only convince client to send money thru it.
     
    FreeFun4Every1, Nov 10, 2017 IP
  19. usasportstraining

    usasportstraining Notable Member

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    #39
    Maybe then people won't lose their money when they buy from a certain person in India. Ugh.
     
    usasportstraining, Nov 10, 2017 IP
  20. dragoshs

    dragoshs Active Member

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    #40
    i'm honestly hoping that more and more websites will attend to Skrill platform
     
    dragoshs, Nov 10, 2017 IP