question Indian Domain Sellers GST Question

[blogspotter]

If you bought a domain for 500 usd and it only sells for 550, are you not at a loss, due to GST?

Everything that you sell you need to pay a GST if you are paying taxes, right? Or do you claim input credit from the buy price?

I am at a loss. This tax locha is too much

How do you account for GST?

 

[Vikram Bansal]

There will be companies that won’t include GST in invoices for various services so what would I have to do in such a case? Do I need to go to govt? and tell them that I bought this from so and so the company and they didn’t collect GST so here’s the tax…In that case, you have to pay GST on a reverse charge basis.

 

[Sumeeth]

Guys, I found this link, see if it is helpful for Indians for taxation for domains in India - https://vny.in/general/tax-complian...rvice-providers-and-online-entrepreneurs.html