Petition updateRationalize Paypal/Payoneer & GST Rules For Indian Freelancers Working OnlinePaypal will take 18% from your total payments
Cyril GuptaNoida, India
Sep 3, 2017
I have real bad news guys. In a support chat one of our people was able to get a clarification from Paypal that the 18% GST would be deducted on the entire amount, and not just their charges. This really creates an even more explosive situation. On one hand, Paypal will take 18% GST from you already, and on the second, you have to register and give the GoI 18% GST (that you need to claim a refund for later), or file exemption. So in effect, you could be losing 36% of your revenues on arrival, with no clarity on refunds at all because you don't have FIRCs yet. This issue is now more urgent than ever. A potentially explosive situation. Picture attached.
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