Do I need to collect or pay gst for reward based crowdfunding?

Dear Arthur, In a reward based crowdfunding, there is no sale of goods or rendering of services but consideration is received. Ideally, GST cannot be levied.

However, it is income from income tax point of view. Accordingly, the same shall be chargeable to income based of capital receipt or revenue receipt depending on the object of the crowdfund.

Regards
CA. Raj Doshi

I mean there is sale of goods or rendering of services however not for any consideration.

GST will be payable as the Reward you're offering will be considered as supply under GST against the amount received from crowd funding.

Yes. It's a bit complicated and would depend on  understanding your case in detail. An aggressive approach would be " Not liable for GST " and a conservative approach could be " Liable for GST ". The conclusion would arrive only then.

Yes it's a gray area. Better adopt a policy based on long term planning.