How GST will be charged on the application like Paytm if any customer will make payment or any transaction through the app ?
How the same will be shown in GSTR-3B and 1 by the owner of the application and what will be the rate?
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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