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How to calculate gst for selling software keys, file hosting

Software 528 views 5 replies

I am running a website where i sell software license keys, file hosting premium accounts and gift card, so how should i apply GST charges while selling these and how to file GST.

Suppose if i buy license from Software Company/ FileHosting Company or Gift Cards at Rs.1000 and sell at Rs1300/-, so GST should be applied on Rs.1300/- or only Rs.300/- as its my profit?

Please help me briefly, i am totally confused.

Replies (5)
Gst will be applicable on 1300/-
GST is leviable on transaction value. You have to levy GST at 1300. When you purchase software tools for 1000 you pay gst of which you can claim credit later.

at how much rate?

 

i want to clear one thing that i buy from software company which are abroad not in India, so i resale in India.

 

Can you explain we whole process. If suppose if i have to pay GST on 1300 @ rate 18% total price would be too high customers as well as me. I also don't get 18% from that software sale.

but that software company from where i buy is not based in India, it would be mostly abroad.

It will be treated as import , so has to deposit RCM


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