Paypal Tax Invoice

Bronx tale
watch_later 2 years, 8 months ago

Hi, i have a personal PayPal account and i used it to send some money to a friend who lives in USA.

Today i received a mail from PayPal that my December tax invoice is now available.

It said the following -

"You can now download the latest monthly tax invoice to see a summary of the GST charges for the payments you have received for December."

I don't understand what to do with it. I don't have a GST number as well.

Can you please help.

Thank you.

  • chatComments
1 Answer

Pulkit Sharma watch_later 2 years, 8 months ago

Paypal is supplying services in India and hence had to take GST registration and charge GST on its fee. There is nothing to worry about. Paypal has already deducted their fee and this is only invoice for you.

If you are not running a business, you do not have to do anything since your account is personal.

  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question