Hi, can I claim GST refund in a situation where I buy .com domains (inclusive of 18% GST) and make websites to earn revenue? I am not re-selling these domains/websites to anyone but this is my mode of income from other sources.
Swady (Digital World) (115 Points)
24 February 2018Hi, can I claim GST refund in a situation where I buy .com domains (inclusive of 18% GST) and make websites to earn revenue? I am not re-selling these domains/websites to anyone but this is my mode of income from other sources.
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Swady
(Digital World)
(115 Points)
Replied 24 February 2018
So, what's the relation between intangible assets vs GST? And, true this is my inward supply but there is no direct as such outward supply. I pay income tax on the revenues generated from these websites for which domain purchase is like the raw material input for production.
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Swady
(Digital World)
(115 Points)
Replied 24 February 2018
Ok thanks for the info but I wanted to know like is it that "intangible assets" cannot be enabled for GST?
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
Sumit Sarswat
(Student)
(3154 Points)
Replied 24 February 2018
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