30 July 2021
Dear experts, I want to buy a domain name for my blog from godaddy. However, since it is a foreign company is sec.195 applicable? Is gst also applicable as it will to amount to import of services. Since it is a new blog, the turnover as of now is zero.
Could you let me know about the gst and income tax applicability for domain registration? Thank you in advance.
30 July 2021
Now, the taxability of fees from domain name registration services has come under tax scanner. Recently, the Income-tax Appellate Tribunal, Delhi Bench (‘Tribunal’) has held that domain name registration fees received by Godaddy.com LLC[2] are taxable as royalty under Indian tax laws. A summary of the said Tribunal ruling is as under:
Deduct 10% TDS under section 195. GST under RCM under import of service payable.
30 July 2021
Dear sir, If I buy the domain from an Indian Company and pay 18% gst, I am not required to deduct tds and reverse charge mechanism also will not be applicable right? Correct me if I am wrong.
CAclubindia
