GST on applications like paytm
ayushi garg (2 Points)
27 June 2022How the same will be shown in GSTR-3B and 1 by the owner of the application and what will be the rate?
ayushi garg (2 Points)
27 June 2022
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 27 June 2022
Check Paytm Revenue Model:
Paytm segregates its revenue as "Payment and Financial Services" and "Commerce and Cloud Services"
It charges Transaction Fees / Convenience fees for certain payment transactions, recurring subscripttion Fees from merchants and customers.
Check "SAC 997158 - Financial transactions processing and clearing house services" for GST rates on payment clearing services.