Dear Sir Madam. I am Chokkalingam Ramanathan from Coimbatore - Tamilnadu. I am Planning to start a startup co dealing with monthly e magazine . ( Publishing ). We are planning to Distribute ( Supply ) the e magazine for Readers at Free of cost . Our Source of Income is Advertisement from B2B / B2C Customers . My Questions are : 01. The above mentioned Business is fall under OIDAR Service ? 02. Supplying ( Service ) E magazines will allowed under GST 03. Supplying the e magazines at free of cost through Social Media / other internet platforms will attract GST tax. 04. What are Returns will follow in GST Looking for a Guidance on this . Thanking you Chokkalingam Ramanathan
If its free of cost and the person downloading the same is not related to you. Then No GST. If the person is related, then we have determine the value of Goods /Services as per Schedule 1,
As you will be getting Income by way of Advertisements, Then GST is required to be paid on that Amount. If the advertisement is in print media than 5%, if its digital Media then 18%..
Regarding the form you are required to file is GSTR 1, GSTR 3B for payment and Annual Return 9 and 9C
Hi Madam.. //If the person is related, then we have determine the value of Goods /Services as per Schedule 1,// Here what is the meaning for Related .. We are planning to Supply the e magazines at free of cost through Social Media ( FB ..whatsapp.. Telegram Groups ) / other internet platforms ( webpages ). the channel which we choosen is comes under this meaning . Kindly Guide ..Thanks
Hi
Yes, it would be covered under OIDAR services. You need to charge GST for providing advertisement spaces.
Since e-books are provided free of cost, it would not be taxable under GST.
You need to register under GST once your turnover crosses 20 lacs. Thereafter, you need to file GSTR 1, GSTR 3B and annual return.
Since you will be providing free e-books to everyone, Schedule I applicability on supplies to related party shall not be relevant.
1.Yes, it will be covered under OIDAR services. Monthly and quarterly returns will be applicable to you.
2. Yes you can supply E magazines under GST.
3. GST will be applicable on whatever revenue you earn.
Dear Sir,
Hope you are doing well !!
1. Yes, it will be covered under OIDAR services.
2.Yes, it is allowed.
3.No, there will be no GST liability on the same.
4.You need to file GSTR 1, GSTR 3B and annual return 9 & 9C.
Yes online advertisement also falls under OIDAR.
Yes it's allowed.
If you are providing it free of cost then no GST is payable but you can't claim any credit related to same.
GSTR 1 and 3B for the start.
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Thank you
Hi
1.Yes this will covered under oidar. OIDAR is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services.
2. Yes it is allowed.
3. On free of cost no gst liability.
4. GSTR 1 quarterly GSTR 3 B monthly.
Hi
Please have a phone consultation for detail discussion