How much GST is to be paid and how to pay it?

We operate an online information portal. We use the services of Digital Ocean (web hosting company in the USA). Also, we earn using the advertisements on our website. Now, we've to pay the GST (under reverse charge mechanism) for DigitalOcean. Also, ... Read More

We operate an online information portal. We use the services of Digital Ocean (web hosting company in the USA). Also, we earn using the advertisements on our website. Now, we've to pay the GST (under reverse charge mechanism) for DigitalOcean. Also, we've to pay the GST from advertisers. Here are the details of the same:- 1. We paid $10 to DigitalOcean. Now we need to pay 18% GST to the government under reverse charge mechanism. 2. We earned Rs 5900 [Rs 5,000 + Rs 900 (18% GST)] from our advertiser. Now, I want to know:- 1. Can I avail input tax credit? 2. How to calculate the GST? How much GST is to be paid considering our current values? 3. How do I need to pay it? Which GST form is to be filled?
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Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

You can avail input tax credit through your GST return filing by including all the details of the services paid for and services sold. 

The tax amount to be paid depends upon the class under which your services fall. You can consult a good tax lawyer in Indiato know about the GST application and GST rates on your services.

Answered on 19 Jan 2019


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