My CA is of the opinion that GST may not be applicable if the invoice is received in USD - BUT we need to submit a BOND of 15% of the total GST applicable on the entire yearly income which is being considered export income.
Another opinion is GST is applicable on the Adsense income in USD and that you NEED TO PAY IT FROM YOUR POCKET - by considering that the income is inclusive of GST.
Kindly share how you are adding details of the invoices from Adsense on the GST return.
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Gst on adsense income received in usd (export bond)
Replies (1)
Adsense income would be considered as Export of Services and you have the following 2 options
- Submit Bond and then export without payment of GST
- If you dont submit Bond, you would be required to pay GST and then claim Refund of GST.
Therefore, both the opinions given to you correct. You can opt for any of the options.
For more about GST on Adsense Income, you can refer to this article: https://www.charteredclub.com/gst-freelancers-bloggers-youtubers/
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