SAC for AD reveue and Affiliate Marketing Commision
This query is : Open
01 October 2023
If one starts an Affiliate Marketing Website on which he is earning Income as Affiliate Marketing commission in US$ and also earning Ad. Revenue ( from running ads on the website ) also in US$ from Google - What all SACs are to be added in his GST Certificate ? Can these SACs just be added online on the GST login and he can start this business OR Are there some other formalities also to be done in the GST dept. or any other dept. to start this new venture ? Presently he is doing only 100% exports of handicrafts as a merchant exporter.
16 January 2024
SAC (Services Accounting Code) 998361 specifically relates to 'Advertising Services'. However, considering your role involves more than just advertising, but promoting and redirecting customers, the SAC code 9971 might be more appropriate as it covers 'Other professional, technical and business services'.2
https://www.taxfull.com/19500/affiliate-income-commission-received-from-a-foreign-company-as-export-of-services-or-not#:~:text=SAC%20(Services%20Accounting%20Code)%20998361,%2C%20technical%20and%20business%20services%27.
https://www.taxfull.com/19500/affiliate-income-commission-received-from-a-foreign-company-as-export-of-services-or-not#:~:text=SAC%20(Services%20Accounting%20Code)%20998361,%2C%20technical%20and%20business%20services%27.
04 March 2024
Thank you Asha Kanta. But 9971 relates to Financial services. And the link you have given is suggesting to go for 998361 as it includes advertising and sales promotion. What do you suggest?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
