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What if I’m in a Special Economy Zone?
What is GST?
What is GST?
GST stands for Goods and Services Tax. It is an indirect tax applicable on all transactions of goods and services i.e. sale, manufacturing, and usage of goods and services throughout India.
How does GST applicable to PayPal Services in India?
How does GST applicable to PayPal Services in India?
GST is applicable to any chargeable services provided by PayPal to any person or entity in India. GST is calculated at 18% on all types of fees charged by Pay Pal for its services to all Indian users. GST is not charged on the total value of the transaction.
GST is levied on the fees for all international and domestic transactions for both Business and Individual accounts registered in India. PayPal will share a consolidated invoice to users at the end of every month and users will be eligible for refunds or set off of the GST charged.
What if I’m in a Special Economy Zone?
What if I’m in a Special Economy Zone?
If you are registered in Special Economy Zone, then you are eligible for GST exemption.
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