venkatameghana Posted April 28, 2021 Share Posted April 28, 2021 All of us know the taxation system has changed recently! So now we are supposed to update our billing info to avoid freezing of our gigs. This is one of the questions asked-How is your service taxed? Should I be selecting Export (1% TCS and no GST) or exempt (no TCS and GST)?Thank you! 37 Link to comment Share on other sites More sharing options...
priyasumit786 Posted April 28, 2021 Share Posted April 28, 2021 Tcs is Tax Collected at source,since we are not buying anything and selling a service in which we are not making more than 20 00 000 RS/pa we don’t need to have GST registrationSo I would say no TCS and GST 22 Link to comment Share on other sites More sharing options...
nithiskumar563 Posted April 28, 2021 Share Posted April 28, 2021 Tcs is Tax Collected at source,since we are not buying anything and selling a service in which we are not making more than 20 00 000 RS/pa we don’t need to have GST registrationSo I would say no TCS and GSTThere is an exempt option, so I guess that’s what I need. 14 Link to comment Share on other sites More sharing options...
priyasumit786 Posted April 28, 2021 Share Posted April 28, 2021 Now what will happen in my case as I have moved from India to Australia (for good) and will be receiving the payment in Paypal Australia, which will be linked to my Australian Tax info. 14 Link to comment Share on other sites More sharing options...
venkatameghana Posted April 28, 2021 Author Share Posted April 28, 2021 Tcs is Tax Collected at source,since we are not buying anything and selling a service in which we are not making more than 20 00 000 RS/pa we don’t need to have GST registrationSo I would say no TCS and GSTGreat, thank you so much! 13 Link to comment Share on other sites More sharing options...
nithiskumar563 Posted April 28, 2021 Share Posted April 28, 2021 Great, thank you so much!Did you selected the exempt option? 13 Link to comment Share on other sites More sharing options...
priyasumit786 Posted April 28, 2021 Share Posted April 28, 2021 It you are making more than 20 00 000 RS/pa from Fiverr you can opt for 1% TCS and make sure you fill in your Pan number or GST number.you can always apply for refund when you file your tax like TDS 13 Link to comment Share on other sites More sharing options...
crownmediaa Posted April 28, 2021 Share Posted April 28, 2021 It you are making more than 20 00 000 RS/pa from Fiverr you can opt for 1% TCS and make sure you fill in your Pan number or GST number.you can always apply for refund when you file your tax like TDSIf GST info is updated,will buyers get charged through GST number of seller? 12 Link to comment Share on other sites More sharing options...
uzairwp Posted April 28, 2021 Share Posted April 28, 2021 If GST info is updated,will buyers get charged through GST number of seller?No. you have to pay 20% to fiverr and 18% GST 12 Link to comment Share on other sites More sharing options...
rajat2910 Posted April 28, 2021 Share Posted April 28, 2021 Tcs is Tax Collected at source,since we are not buying anything and selling a service in which we are not making more than 20 00 000 RS/pa we don’t need to have GST registrationSo I would say no TCS and GSTThank you so much for information 11 Link to comment Share on other sites More sharing options...
venkatameghana Posted April 28, 2021 Author Share Posted April 28, 2021 For people following this thread, I checked with my CA, as well! And @priyasumit786 is absolutely right. Unless you are making more than 20 LPA on Fiverr, you need not register for GST and the Exempt option is applicable! 20 Link to comment Share on other sites More sharing options...
crownmediaa Posted April 28, 2021 Share Posted April 28, 2021 For people following this thread, I checked with my CA, as well! And @priyasumit786 is absolutely right. Unless you are making more than 20 LPA on Fiverr, you need not register for GST and the Exempt option is applicable!for exempt option some certification is required from tax authorities right? 12 Link to comment Share on other sites More sharing options...
art4kala Posted April 28, 2021 Share Posted April 28, 2021 You can’t choose exempt option unless you have that certificate! 12 Link to comment Share on other sites More sharing options...
crownmediaa Posted April 28, 2021 Share Posted April 28, 2021 You can’t choose exempt option unless you have that certificate!Which option is right?1)Taxable2)Export3)Reverse Charge 12 Link to comment Share on other sites More sharing options...
navya_r Posted April 28, 2021 Share Posted April 28, 2021 You can’t choose exempt option unless you have that certificate!What kind of certificate is that? Do we need to get it from a CA? 11 Link to comment Share on other sites More sharing options...
nithiskumar563 Posted April 28, 2021 Share Posted April 28, 2021 I selected the exempt option and it didn’t ask me for any certification or whatsoever. 12 Link to comment Share on other sites More sharing options...
navya_r Posted April 28, 2021 Share Posted April 28, 2021 I selected the exempt option and it didn’t ask me for any certification or whatsoever.Since you have selected this option, is Fiverr no longer deducting TDS from your earnings? 11 Link to comment Share on other sites More sharing options...
mymarketingpro Posted April 30, 2021 Share Posted April 30, 2021 Since you have selected this option, is Fiverr no longer deducting TDS from your earnings?I would like to know the answer for that as well. 12 Link to comment Share on other sites More sharing options...
wanderingartist Posted May 2, 2021 Share Posted May 2, 2021 Should I go with exempt option ?I already pay taxes here and I don’t want to pay it twice because of Fiverr. 13 Link to comment Share on other sites More sharing options...
venkatameghana Posted May 2, 2021 Author Share Posted May 2, 2021 Should I go with exempt option ?I already pay taxes here and I don’t want to pay it twice because of Fiverr.Yes! TDS will still be cut though and you can file returns for that! 12 Link to comment Share on other sites More sharing options...
wanderingartist Posted May 2, 2021 Share Posted May 2, 2021 Yes! TDS will still be cut though and you can file returns for that!So I should go for TDS right ? Thanks 😊 11 Link to comment Share on other sites More sharing options...
venkatameghana Posted May 2, 2021 Author Share Posted May 2, 2021 So I should go for TDS right ? Thanks 😊No no! Go for exempt! I think export option has TCS, which is different from TDS! 11 Link to comment Share on other sites More sharing options...
wanderingartist Posted May 2, 2021 Share Posted May 2, 2021 No no! Go for exempt! I think export option has TCS, which is different from TDS!For exempt I would need a certificate, where do I get that. 11 Link to comment Share on other sites More sharing options...
crownmediaa Posted May 2, 2021 Share Posted May 2, 2021 No no! Go for exempt! I think export option has TCS, which is different from TDS!I think there is no option to have TDS deduction,i have consulted 3 CAs all of them have explained that this is “export of service” which is not exempted as per indian government,also is anyone able to edit options after filling form? 12 Link to comment Share on other sites More sharing options...
nithiskumar563 Posted May 2, 2021 Share Posted May 2, 2021 Even if you guys selected exempt fiverr will deduct 1% TCS (5% if no PAN provided), if you gave the exemption certificate to the support then there’ll be no TCS deduction. https://www.fiverr.com/support/articles/360015233918-India-Sellers-Tax 14 Link to comment Share on other sites More sharing options...
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