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SERVICE OF SPONSORED UPDATES FROM LINKEDIN

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This query is : Resolved

Leo A/cs (Querist)
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10 June 2024 Dear Experts,
We are taking services of Sponsored Updates for running LinkedIn ads for our Brand awareness from LinkedIn bases in Singapore.They have no PE in India ,should TDS applicable over this services .If yes then what will be the rate.Do RCM liability of GST also applicable.

Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 June 2024 TDS not applicable but 6% equalisation levy deductible from remittance and paid to govt subject to the below mentioned conditions.
Equalisation Levy is a direct tax, which is withheld at the time of payment by the service recipient. The two conditions to be met to be liable to equalisation levy:

The payment should be made to a non-resident service provider;
The annual payment made to one service provider exceeds Rs. 1,00,000 in one financial year.
GST RCM applicable.

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