Revolutionary Raja Ram for Tax & Economic Reforms
over 1 year ago
⛔GST applies to X (formerly Twitter) Ad Revenue Sharing Over Rs 20 Lakh Annual Threshold 🔺The tax on amounts over Rs 20 lakh is 18%. 🔺All entities, including social influencers, must meet the Rs 20 lakh threshold.
🔺To determine if the threshold has been exceeded, ad revenue sharing income will be combined with rental, interest, and professional fees.
🔺If the threshold is exceeded, the individual or entity must register for GST and collect GST on all supplies, including ad revenue-sharing income. 🔺The social influencer will pay GST on ad revenue sharing income.
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