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paypal, taxes, india anyone can help?

Discussion in 'PayPal' started by sumeetrajaggarwal, Nov 28, 2009.

  1. #1
    Hi,

    Can someone elaborate on :


    1. If we use paypal as payment gateway for our online selling of products then what wil be tax rules (specially for international selling).
    2. In which currency will you invoice customers, USD or INR since paypal pays you in INR but on website payments are accepted in USD.

     
    sumeetrajaggarwal, Nov 28, 2009 IP
  2. Bohra

    Bohra Notable Member

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    #2
    Worth how much money are u going to deal online ?
     
    Bohra, Nov 29, 2009 IP
  3. deluxdon

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

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    #3
    deluxdon, Nov 29, 2009 IP
  4. sumeetrajaggarwal

    sumeetrajaggarwal Peon

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    #4
    Then in which currency would you invoice your customer USD or INR?
    Also assume it is Goods (religious goods are free of tax in india).
    So I think we will just have to pay income tax.



     
    sumeetrajaggarwal, Nov 29, 2009 IP
  5. deluxdon

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

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    #5
    Obviously you need to send an invoice in USD to your customer (through paypal).

    DON.
     
    deluxdon, Nov 30, 2009 IP
  6. sumeetrajaggarwal

    sumeetrajaggarwal Peon

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    #6
    Thanks!

    :)
     
    sumeetrajaggarwal, Nov 30, 2009 IP