• GST tax pay

Are YouTubers need to pay GST taxes?
Asked 5 years ago in GST

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Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

5.0 on 5.0

Hi,

 

Yes, youtubers are also required to pay GST if their annual income exceeds INR 20 lacs.

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

Apart from GST, they will also have to pay income tax on the profit derived from YouTube activity. Youtubers may fall within the ambit of section 44ADA whereby they need to pay income tax only on 50% of their gross revenue

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

Income tax slabs shall be according to the PAN under which you are doing business. If you're working as a sole proprietor with your PAN, income tax slabs shall be-

2.5 - 5 Lacs - 5%

5 - 10 lacL - 20%

Above 10 Lacs - 30%

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

If you are earning the income only from YouTube no need to register for GST and you need to pay income tax as per normal tax slab applicable to normal individual and we will show your income from YouTube as income from business and profession. However many youtuber also earn income from commission so if that's the case then you need to register for GST all these would depend on turnover and income.

I am handling 2-3 Youtubers and bloggers accounts, if you want I can help you and guide you.

You can call me or mail me.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4265 Answers
96 Consultations

5.0 on 5.0

Hi

Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

5.0 on 5.0

Hi,

 

Hope you are doing well !!

 

Everyone whose taxable turnover exceeds 20 lakhs needs to obtain GST registration .

 

So, you are not required to register for GST unless your taxable turnover exceeds 20 lakhs

 

 

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

You have two options:

 

1. Opt the presumptive taxation scheme and pay the taxes on only 50% of your receipts.

 

2. Pay the taxes as per normal provision.

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

Income tax slab as same as applicable to individual.

Taxable income

Tax Rate

Up to Rs. 2,50,000

Nil

Rs. 2,50,000 to Rs. 5,00,000

5 %

Rs. 5,00,000 to Rs. 10,00,000

20%

Above Rs. 10,00,000

30%

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

Hello Sir,

 

- Yes, youtubers may fall under both direct and Indirect tax regimes.

- Applicability of different tax laws shall depend upon the turnover limit achieved during a financial year.

- Unless you are registered as a partnership firm or a private limited company, tax slab rates shall remain same as the ones applicable to individuals.

 

Thanks

Damini

Damini Agarwal
CA, Bangalore
405 Answers
31 Consultations

5.0 on 5.0

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