Episode #6 GST TAXATION POLICY

Hello and Welcome to another episode of Digi Gyaan. This is episode No 6 and in this we will talk about why to get a GST for your Business. If you are working in any country you need to check out their taxation policies too and if you are liable to pay any tax or not. Similarly in India you need to pay the Goods and service tax irrespective of your turnover when you are doing any online business. The most commonly GST Tax slap is 18% for e-commerce operations and other commissions but you need to check it before starting your business online. GST is almost a topic you can’t avoid if you are really very serious for your online venture. Also for choosing payment gateway you mandatorily require a GST number. Also you should add GST number on your ad accounts wherever you r running advertisements, it may be on facebook, Google or any other. It will help you to get input Tax Credit while filing GST monthly. And Yes, Make an Excel sheet to record the entries and calculation of how much u actually need to pay the GST. So consult any CA now and get a GST number for your Business Today. This is all for this episode. I’ll see you in the next one. Thank you.