Money transfers from foreign advertisers to be liable to 12.36% service tax

How did you do that 

An existing media house can apply for second registration.. Where as new individual has to be active in journalism (with registered press org) for 1 year or as freelance for 3 or 5 years (i think) before he / she can file petition for his / her own publication / media house.. If accepted then a lot of red tape work and I think around Rs. 45k of total spending would give you the registration !!

NexGenBikes.com is active for 5 years and based on that my petition was granted !!

6 month of total paper work and then got my registration !!

Yearly fee I think is Rs. 5k as of now !!

spill the beans, yo!

That is long drawn and combo is only 2 years old 

They forced Google and Paypal to include the PAN card few years back and this is not new, Adsense or Paypal was always subjective of TAX.. Be it income or Service Tax..

Sorc am supposed receive 20 pounds in Paypal withdrawal within 3 days will come to know after that.  But I think when Paypal receives payment in foreign currency it will trigger this ST.

@VP..

Calculation is sent to gov as year end data !!

Hunky this circular makes it compulsory for the service providers to deduct ST at source

na na. what I wanted to ask was that will it be considered as a salary or ad revenue? 

@VP..

You have to wait till they enforce the rule in Paypal system !!

The circular was issued in July and is enforceable from 1.10.2014

I have read it few times now, it has nothing to do with enforcing TDS.. Please quote the line which you believes to makes it mandate for payment issuer to deduct TDS ??

Read the article in Times of India, Mumbai edition

Cant trust it..

Since the rule you posted has no mention and the entire topic is 5 years or more old..

Blogging was taxed long back..

Google and Paypal froze many account sine owners were unable to provide PAN Card back then..

They talk about NRI funding and tax on banks :|

In a circular issued by the Central Board of Excise and Customs (CBEC), the government said banks and financial institutions which levy a fee or commission for facilitating the transfer of money from abroad will have to pay service tax.

They are going to TAX the bank or the service provider who charges money for the service.. Not you directly

But why will the connected bank pay ST on behalf of you  They will make us pay

They talk about remittance under which bloggers come I suppose, though I am no authority on this.  Will wait till Tony or Harsh can comment on this.

But why will the connected bank pay ST on behalf of you

Suppose you walk into a Western Union in USA and ask them to send USD 500 to me in India.. WU will charge you USD 10 or such for the task.. This new rules will force WU to pay 12.36% on that USD 10, not in USD 500 which you are sending..

So from now on, either they have to pay TAX from their own pocket or charge you USD 10 + ST

Hope I am clear !!

Same applies with Paypal since I think Paypal takes fee in trasfering money to your account right ?? So now they need to pay service tax on that fee

Yes my thots exactly but they will recover that 12.36% from me I suppose

Yes my thots exactly but they will recover that 12.36% from me I suppose

They may or they may not.. But even if they do, its not on the money you receive rather the commision you pay !!

Even that is high  As it is paypal loots us 

Even that is high

That I have no comments, its out of our hands.. Switch to direct banking else Pay paypal the fee 

Read.. Google has no transaction fee so there is no TDS.. Yes Bank may ask you for your tax declaration there you are in need to either clarify why its no taxable or if its taxable, then provide your TAX receipt and pay the tax..

Note one thing its been more than 5 years since Blogging earnings were made taxable under service TAX..

Google and Paypal all took our PAN card numbers or closed the accounts without PAN Card.. I remember since Paypal refused initially, RBI barred Paypal out of India and they where forced to collect PAN Card for every acc and close acc without PAN Card..

I think they already do that via Gift Tax 

I think they already do that via Gift Tax

I wonder if all the winners have paid that who wan in IB ?? 

By the way, how much is that ??

Dunno will have to ask Inditeam or Renie   BTW the Nexus 7 I received was taxed 9K and was paid by Nestle

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