• New online business - GST details

I am planning to launch a website which will host educational/training videos and plan to charge customers for accessing the same. I have a couple of questions for the same.
1. What is the applicable GST rate that I would need to charge? please provide more info on GST filing for new businesses.
2. Do I need to register my venture as company or is it sufficient if I get a GSTIN?
Asked 10 months ago in GST from Bengaluru, Karnataka

Please contact me at 98300 31124 for GST consultancy

Swapnil Jain
CA, Kolkata
6 Answers

Not rated

1. It is called online information database access and retrieval. GST rate would be 18%.

2. You need to register under GST. It depends on you what type of Constitution of business you want to keep. For new businesses I would suggest to go for either proprietorship or partnership. In case of company the compliances are more in comparison to other.

Vivek Kumar Arora
CA, Delhi
2100 Answers
89 Consultations

5.0 on 5.0

Hello,

As per the info provided by you, it appears that you are providing a limited period video access (Service) and will be taxed @ 18%.

2. Not necessary to be registered as a company, you can take a GST number even in your personal name.

Rohit R Sharma
CA, Mumbai
2104 Answers
92 Consultations

5.0 on 5.0

1. The applicable GST rate is 18%. You need to file GSTR 3B and GSTR1.

2. You dont need to register your venture as a company. Its upto you how do you want it.

Abhishek Dugar
CA, Mumbai
3576 Answers
168 Consultations

5.0 on 5.0

Hi,

GST rate would be 18% and i think it is sufficient to take the GST number without registering your company.

Regards,

Nikhil.

Nikhil Khanna
CA, Mumbai
1429 Answers
19 Consultations

4.8 on 5.0

1. THE APPLICABLE RATE OF GST 18%

2. REGISTRATION: REGARDING REGISTRATION IT TOTALLY DEPENDS ON WHAT KIND OF ENTITY YOU WANT TO FORM. LIKE IN CASE OF PROPRIETORSHIP FIRM GSTIN REGN WOULD SUFFICE.

Bharat Poplani
CA, Zirakpur
56 Answers

4.9 on 5.0

It appears that you are operating as e commerce operator. You are mandatorily required to get yourself u/s 24.

From GST perspective you can go ahead with individual also

Vidya Jain
CA, Kolkata
646 Answers
15 Consultations

4.8 on 5.0

Yes GST will be applicable in your case.

Applying for GSTN in individual name will suffice.

Swati Agrawal
CA, Indore
912 Answers
3 Consultations

5.0 on 5.0

Hi

1. With regards to GST, you will be liable to GST registration once your turnover exceeds Rs 20 lakhs. Once registered under GST, GST shall be chargeable @18%.

If the customer is located outside India, it shall be considered as export of services and refund of GST paid on such service can be claimed or LuT can be applied beforehand.

Once registered, you can start charging GST in the invoices to the Indian customers.

2. For tax purposes in case of online platforms, there is no separate registration required. You can work under your PAN. However, some payment gateways may require registration.

Lakshita Bhandari
CA, Mumbai
2663 Answers
105 Consultations

5.0 on 5.0

Dear Sir,

There is no requirement of getting registered as a company only, you can registered yourself as Proprietorship / Partnership etc. also and the applicable rate will be 18% on the services provides.

Your GST no should be pre-printed and the basic details of Invoice should be mentioned on your Invoice.

Thanks,

CA Sourabh Pahuja

Sourabh Pahuja
CA, Delhi
68 Answers

5.0 on 5.0

998433 - online video content services

Lakshita Bhandari
CA, Mumbai
2663 Answers
105 Consultations

5.0 on 5.0

You can choose SAC Code 998433 - The On-line Video Content.

Abhishek Dugar
CA, Mumbai
3576 Answers
168 Consultations

5.0 on 5.0

998433 - online video content services

Nikhil Khanna
CA, Mumbai
1429 Answers
19 Consultations

4.8 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA