Fiverr Community Forum

Indian tax info

hello,

I want to know more about the “How is your service taxed?” option in tax info. there are 4 option there:-
-Taxable: Subject to GST and 1% TCS.
-Export: Subject to 1% TCS, but no GST.
-Reverse charge: Recipient declares GST. No TCS.
-Exempt: No GST or TCS charges.
please help me to to find which is the correct option for me.

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Can I know what type of service you are providing in fiverr

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Best to choose exempt I also did that as my monthly earnings not even crossed 200 usd sonu think it’s best option

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I do wordpress website

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Choose exempt option if your annual income is less than 5 lakhs and fill pan card details. after that 1% TDS will be deducted from each order’s revenue, if you not submit pan details 5% tax will be deducted.

If your earning is more than 20 lakhs then enter GST details.

  1. Section-194-0 (1% TDS):** Here is where you need the “Exemption Certificate” stating that you earn less than 5L PA. If you don’t want to do that, you can update your PAN No. and claim that 1% back as refund when you file ITR next year (assuming you don’t incur any tax liability) - it should show up in your Form-26AS.

Note that if you don’t update your PAN No. and also don’t provide an exemption certificate then 5% TDS will be deducted instead of just 1%.

2. GST (1% TCS or 18% for Promoted Gigs): As others mentioned in this post, here you can select “Exempt” and “Not Registered for GST” if you earn less than 20L PA through Fiverr.

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Check this out: Fiverr Help and Education Center (India Sellers Tax).

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thanks for the information.