How YouTube saves Indian Youtubers from Taxes in India!
ฝัง
- เผยแพร่เมื่อ 10 ก.ย. 2024
- In this video, we have discussed the payment structure of TH-cam and also how it benefits Indian TH-camrs in lowering their tax implications. This discussion involves the Sections 9, 22 & 24 of CGST Act, 2017.
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Greetings sir. I started watching your videos in nearly mid of class 11 and now it's mid of class 12. I don't know the sections but understand the concept behind them. Thank you very much sir 🥰🥰
Sahil Bhai, 15% tax is deducted by youtube on our US earnings and they issued Form 1042-S. Will we be able to get Tax Rebate in India for the Tax amount we already paid in US??
If there is Double taxation avoidance agreement between India and US, then such agreement will prevail over the income tax law, to such extent the agreement is beneficial for assessees, please check such agreement.
DTAA between Singapore and India will be applicable iguess @@rahulpurkait9438
I guess you have filed Ben form therefore your tax is deducted in US
You can avail a relief of 15% deduction u/s 90 on the tax payable in india on the same income
Day by Day quality and subscribers me upward ⬆️ trend hai sir ka 🙏
Thanks sir for making this video, Been watching you from a long time now
Sir your editor deserves a huge raise :)
Le Nirmala: *Puts 30% Tax on Imports*
That is why Indian TH-camrs are becoming Richer 🤑🤑.
What about income tax.
bhai agar hum india mey google ads run kartey tho phir bhi automatically Google valey 18% GST lerey please explain me about this
What a strategy to get Bhuvan Bam as a client...👌
Awesome, just loved it👍
And to Bhuvan Bam: You can without a doubt get highest quality consultancy from a like minded Ca professional CA Sahil Jain✨
Always loved your videos but this time since I have not studied any taxation laws, this video went over my head. I appreciate your efforts though.
Greetings sir, isn't registration mandatory in case of export of services in this case in terms with section 24 which says registration is mandatory in case of interstate taxable supplies. And in the instant case, the supply is taxable per se and also export is considered to be an interstate supply.
Not at all Kushagra. One might argue that since an Export is an "Inter-State supply" it makes registration mandatory. However, Section 23 provides a relaxation in this regard by providing that Inter State Supply of Services is NOT subject to mandatory registration upto an Aggregate Turnover of 10L/20L as the case maybe.
Brother it is in case of IMPORT OF SERVICES and not export
@@TaxationWithCASahilJain Yes sir, got your point. Much clear now. Thanks 🙏😀
@@TaxationWithCASahilJain 2:21
Sir Bhuvan bam services de raha hai delhi vaale office ko to Delhi vala office consideration+gst dega na to ese Bhuvan bam ke revenue ke kese fark pada .
Jab vo TH-cam se services lega tab usse payment+gst dena padega na
@@TaxationWithCASahilJain I finally found the answer to my queries as to how people do it without gst registration though registration is must for export of services. Thank you for this video.
This is really a best way to explain the GST impact sir.
My attempt for inter is may23, i am taking classes from unacademy but i like your teaching and in-depth knowledge of taxation alot. I am watching your each and every videos from 2 year(i.e. my 11th standard). that's why i have ordered your taxation books, order no. 4262...
same bro i am also student of unacademy for inter may23. i also love to watch sahil sir video.
Same here
Kaun se sir se pd rhe ho?
@@aakif316 bahubali team
@@arjunsinghchouhan289 TAAS 🙏
Everyone including me- Good analysis sir...
BB- jhor jhor bolke......... 🙂
Sir I am 2 nd year of my btech in AI but your videos are very helpful and intresting I love it ♥️♥️♥️
Insightful
Complicated tax compliances in easy to understand way.keep it up.i enjoy watching ur videos.
Thank you sir very great and interesting video, your this type of changes the way of looking the taxation subject.
Very informative video explained in a simple way. Thank you 😊
Best youtuber award goes to - SAHIL SIR
Sir ek question hai
Yaha sirf GST nhi lagega na, Income Tax to lagega profit ke uper?
Aur agar GST nhi lagta hai payment recieve karne me to mere bank se payment recieve hote hi SGST and CGST deduct hota hai wo q?
Husband earns income from TH-cam via his Google AdSense account and verifies his own identification proof, while designating his wife's bank account for payment receipt of TH-cam payment. can applicability for clubbing provision or not in this case.
Ek number sir... I want to know all about TH-cam taxation please make whole series for that
This video would be in TRENDING section
Sahil ji,
Apki videos Kafi helpful h humesha ki tarah,
Mai kafi time se GST SUO MOTO clarification k liye dhoondh rha hu.
Koi bhi sahi jankari nahi mili, even CA advisory bhi le chuka hu.
Clarification appeal dale bhi 1 sal se jyada ho gaya, but na hi mai naya GST le sakta hu, na hi apply kr skta hu.
I am waiting for your response with a new video on SUO moto.
Appreciate your efforts Sir 👌😊
Shouldn't YT India will be charging GST under forward charge to their customer in India, as they are registered in india and providing services, How its compared to import of service when registered service provider and receiver both are in india. Please explain..
I can relate all the cases because I have studied gst in cs executive
7:16 waiting for the detailed video on this topic
watched 2 video this and ashneer grover one. just love the way you explains taxes. #Simplfying Taxes
aapn LUT ke bare main kuch nahi kaha, kya sab TH-cam creators ko LUT fillup karna zaruri hain?
Brilliant analysis sir. Thank you.
Hello Sir, can you please make a detailed video explaining income tax implications of revenue from TH-cam (AdSense and sponsorship) for full time and part time TH-camrs? Thank you .
Awesome
Happy teachers day sir i can say that u teach us everything which useful and give knowledge to us thanku so muchh❤❤❤😘😘
Itne taxes Dene ka faida kya koe dhang ki facility to milti h nhi
Sir, have you deleted your video on "Indian Startups saving taxes" uploaded on Teacher's day?? Could you please re upload it.
Sir wah ye sab setup ki payment out of India se Karna & payment within India receive karna hai
Ye to koi CA hi kar sakta hai and ise AEK CA hi samajh sakta hai 👏
Jain Saab... 🙏Export of Services are NOT Exempt services from GST..... it is ZERO percent GST services and it is treated as Interstate Sale.... !!! Hence registration in GST is must if one is Exporting Services and file the regular returns by paying 18% GST on RCM which can be claimed as refund as per applicable provisions... or... the service provider will have to furnish LUT in the form GST RFD 11 under rule 96 A, whereby the exporter declares that he or she will fulfill all the requirement that is prescribed under GST while exporting without making IGST payment.
Sir apke videos bahut awesome hote hai bahut knowledge hota hai inme.... Sir please ho sake to Network marketers ke liye ek videos baniyega ki vo apne taxes ko Kaise bacha sakte hai... thanks
Sir we want next part of this video soon. 😍😍
@⁺¹²¹⁵⁹³⁵⁸⁴⁴⁴whatsap 👈 didn't understand sir
Sir the camera quality is now enhanced. You look smarter than before😂
"HanJi Good Evening"
is so relaxing and puts a small comforting smile on my face. 😌
You explain a tough thing so easily thanks
I am your big fan sir ♥️♥️♥️♥️♥️♥️♥️♥️
People in the comments who think the government is losing out of taxes
Dont worry Bhuvanbam is a probably a person resident in india
And hence his global income is taxable in India.
Ultimately, the supply is in India because viewers are from India, at least in respect of advertisement and content from India.
And how many who are above threshold limit would have filed LUT!?
No the place of supply is abroad. Because as per relevant sections, TH-cam is the recipient of services.
To file LUT, we require a GST Registration
Please also cover the direct taxes part.
Sir thumbnail mast hai 😅
Hello
Does this applies to Facebook creators also ?
As I'm a Facebook creator and I receive payments from Ireland...
And also we do work on partnerships but the whole income credits to my bank account..
So do I have to oay tax on whole amount or the amount which is mine that is 50%..
Please clear these queries if possible..
That's how the government stays poor even after so much taxes. All burden falls on salaried person. Finance minister should get into this.
Hlo Sahil sir
TH-cam recommend your videos to me only on evening. Not any other time🤔🤔 😃😃😃
Great sir , thanks for all such practical analysis videos
Our finance minister would love to see this video 😃
Hello Sir
One of my friend is a game streaming youtuber and earn upto Rs. 15 to 18 lacs per annum. The whole earning is credited in his current account from Singapore office. My question is that in case if he earn more than 20 lacs in upcoming year then as per gst law it will be mandatory for him to get registered himself under gst. If he will registered then could he will get the benefit of zero rate supply under section 15 of IGST Act i.e export of services ???
Yes sir.
Pls contact me in case you want to apply GST and for other tax compliance
Yes he need to get his GST registration compulsory....And to get benefit of Zero rate supply he needs to apply for LUT.
So one simple Question,
Do Indian TH-camrs need to pay taxes on their earnings or not ?
Yes , IFOS
@@shubhamvakharia what ifos?
@@shubhamvakharia bhai vo business ya profession me ayegi, smjha? naki income forom other sorces
Yes they require to pay Income Tax on their Net Income earned but not require to pay GST on thier services.
Thanks Sir, If I already have GST registered but LUT not yet filled and AdSense revenue is 16 lacs, then do I need to pay GST?
That means you tube is importing services from singapore..
Some Indian youtubers claiming flat 50% of income as expenses using u/s 44AD and paying taxes on remaining 50% income as they do not maintain books however some other youtubers are claiming up to 92% of income as expenses and paying taxers on minimum 8% income only but they maintain book for all expenses done to earn this income. Please clarify how I have to calculate my taxes on TH-cam income. #Thanks in advance
My ca also doing second option through annual audit ...I don't how he does that and I hope it's safe and not create trouble in future
@@gotit547 In india different CA's take different opinion to offer the youtube income....but it is a debatable matter...if Notice comes from Income tax department then you have to go for Appeal against the notice.
Great clarity sir💚
Sir can you suggest any document or make a video regarding tax savings for non-CA professionals (like a Doctor). As CAs are already educated on this topic, its other professionals that gets intimidated of the penalties if they make a single mistake, so most of them tend to continue it as it is , even when they know that they could save their taxes.
Hope you are doing well.
Thanking you
Consult professionals and experts for proper compliances :-D
Sir please ek baat bataiye
Ki import of service aapne bola to samajh gayi lekin aisa bhi to tha na ki interstate supply hote hi compulsory registration karwana hoga.
To within India bhi youtuber ka interstate wale bracket me nahi aaya hoga?????? Please reply kariyega
Matlab hum India se bahar kisi company ki service lete hai for example maine ek domain namecheap se buy kiya aur kyunki uska India me koi office nahi hai and wo dollers me payment leta hai kya iske liye bhi mujhe GST number lena hoga?
Hi,
I'm a small youtuber, and most of my earning is through google adsense only. I'll be filing ITR for the first time. And I wanted to know Can I file ITR under presumptive taxation scheme section 44AD (For Business)?
If Yes, Will I be liable for penalty, if my profit is higher and I file under 44AD and pay tax only for 6% (in case of digital receipts) of my turnover?
(I don't have much expenses)
you are allowed, no issues
You really amazing .I illiterate in tax by seeing your video everyday new update
Superb video I wait for next video ....plz sir jaladhi upload karna..... TH-cam kaise maje le raha he tax....I really want to see
is it same for buying subscription of softwares from foreign country?
FABULOUS POINT!
Great Sir Just Enjoyed it
This is literally like masking, need to start a TH-cam channel and become content creator 😛
Hello, I got confused with my scenario. So as a marketing agency, I have been using some services or digital products which are sold internationally. So will that be considered an import of services? I am not GST registered. How does Section 9, 22 & 24 affect me? I have been purchasing software by Adobe, Serif, Premium WordPress/plugins by Themeforest and others, Courses, and Paid marketing on Meta, Google and LinkedIN. What do I need to do?
IF you are using them as a part of your Business, then GST applicable on RCM basis, if you are consuming such services on Personal level, then no such provision applicable.
Wanna purchase your classes for cma intermediate june 23 exams..... What's the price and procedure to take it...
Awesome video. Kindly upload the benefits that TH-cam draws from such org structure. Thanks
Bro ye background mai digital board use kiya hai ya koi software hai .. Mujhe bhi kuch aisa hi karna hai .. Pls reply
Great sir 🍺🍺💥
Heli sir,
If paymnt recd from Indian branch to youtuber in India who is unregistered within 20 lakh limit. Can then tax is applicable?
Not applicable.
But Ads company's ask for GST registration
...so Tax applicable in that case
Sir, mere paas goods purchase ka bill nhi hai pr mai in goods ko online sale krta hu, Mai is sale ko gst pannel pr kaise mention kru?
Then how to take LUT KYUKI 20 LAKHS SE NEECHE lut lens zaroori hai?
Tab to benifits he na sir gst credit milega ads chalayi hi India me uska and usko to hum export of service he to 100% clam bhi kar sakte he, i am right ?
Kya Baaat hai , Nice Explanation
Ek youtuber apne ko return file karte samay kaise treat kare, ek businessman ya professional please reply.
Sir agar koi business man jisko apne kaam k liye software ka subscription lena h jo ke payment bahar ho rahe h, to kya gst lena padega chae turnover 20 lakh se kam ho
7:16 pls make video on that topic
I am a blogger and this video is really helpful for me
Very informative and helpful video. Thank u sir
Composition taxpayer apne bill par tax add kar ke calculate karta hai tu notice aata hai ya nahi
Sir i have one query that - if a person only have one Income source that is income from house rent then how many time that person can shift from New Tax Regime to Old Tax Regime in ITR, please help me sir.🙏🙏
Thankyou sir
I requested this in comments as well as on your WhatsApp
Respect to you sir
Sir yeh baat kya gst concil ko nhi pata ?
Kyuki xiome ke payment toh seized krr di thi
If someone from India wins Prize In Dollar in Data Science Hackathon and His Turnover is More Than 20 Lakh He have To Apply for GST or Not ?
Sir Payment received in INR but from Foreign country is exempt from GST? The client converts the amount directly into INR at his end
So that means they don't have to pay GST if they earn through TH-cam. And does this youtube payment comes under income tax?
We are doing garment business and register under gst we recd the income from youtube 20000 per month approximately through ad revenue sharing Pl let us know gst is applicable on this income and what is the %
In gstr 1 return where i have to show these income (like exempt supply, nil rate, zero rated)
Sir aap bb ki first copy lagate ho
Agar yakeen n ho to photo mila ke check karna
sir yadi Singapore ke office se inki income aati hai to kya inko income tax bhi nahi dena padta, please reply
Sir koi software licence out of india se import ki hai to kya gst me registration lena hoga ye goods hai ya service
Service
Sir even if TH-cam was receiving payment in Singapore wouldn't an advertisement service considered to be a part of OIDAR service?
If it is then RCM will not apply to the unregistered importer section 24 will make TH-cam get compulsory registration as OIDAR and pay gst under FCM.
Bro pls explain in short what is OIDAR mentioned in Sec 24.
As it wasn't in Inter Ca syllabus (may22)
& Final ke class ab tak start nhi hue so pata nhi...
@@shubhamvakharia online information database access and retrieval (oidar) is basically the service platform on which the services are mediated through technology with minimal human intervention example - advertisement, importing song, movies etc
So in section 24 of the cgst act
It states that certain people or when a certain transaction happens the said person has to get compulsorily registered one of which is OIDAR service. I hope this helps and btw i think this section is there in CA inter although I can't say for sure cause I'm a CMA student.
@@mdmehtab3207 Thanks bro for Explanation
This Sec 24 is there in Inter Ca
but Oidar, Tds, Tcs, Isd is for Ca Final syllabus
what about freelancers/IT service receiving money from abroad for the services they provide?