do i need GSTIN number or GSTIN certificate to sell on facebook. Or any social media...
Answers
From October 2018, Facebook ads in India will be sold by Facebook India, billed and paid for in Indian rupees and subject to a goods and services tax (GST) of 18% and Tax Deducted at Source (TDS) of 2%. This update affects all ad accounts that have their business country set to India.
a payment method has been added to your account;
your business name, address and Goods and Services Tax Identification Number (GSTIN) have been updated.
Note: Entering a GSTIN isn't mandatory. However, if you're registered for GST and would like to take Input Tax Credit (subject to the fulfilment of other criteria under applicable law, where applicable), enter the GSTIN of your main state of operations or where your business is headquartered.
Please note that if you're an advertiser that resides in a Special Economic Zone (SEZ), you may be certified with the government as GST-exempt. If this applies to you, contact client services to provide us with your valid SEZ certificate.
GST and TDS are added whenever you're charged for your ads. The amount charged includes TDS, but you're still required to pay TDS to the government as per local law. Once you've provided Facebook with a TDS certificate from the government as evidence of payment, a TDS refund in the form of a Facebook ads coupon will be granted. To read more about TDS, visit the website of the Indian Tax Authority.
As an example, let's say you were recently charged INR 100 because you reached your INR 100 billing threshold. The subtotal for the charge will be for INR 100 in ads costs, and then an 18% GST will be added on top of that, so you'll pay INR 118 in total for that charge (INR 100 + INR 18 = INR 118). Please note that you're responsible for paying the INR 2 TDS for the ads costs directly to the government. Facebook will refund your INR 2 TDS as a coupon once the TDS certificate you submit is validated. Because GST is added on top of charges, you won't reach your billing threshold faster, but you may be charged more than your billing threshold amount.
Bear in mind that as Facebook isn't able to give tax advice, we suggest that you contact your country's tax authority for more help and information.
Explanation:
i think no . You can sell without GST NO.