SAC for AD reveue and Affiliate Marketing Commision

This query is : Open

Ashish Agarwal (Querist)
Follow

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.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
Follow

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.

Ashish Agarwal

Ashish Agarwal (Querist)
Follow

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?

Upgrade to CAclubindia Pro. Subscribe Now!