[Makers] GST on reserved-bit services

[Aditya Kane]

Hi Neha,

I guess you might want to exclude the mailing list from to: from that
discussion :-)

Best,

Aditya

On Jul 5, 2017 12:51 PM, "Neha Bhatia" <neha at thefunnymind.com> wrote:

> Hi Siddesh,
>
> I understand due to GST you will have to increase the fee. Is there a
> possibility to work 4 hour at reserved bit instead of 8 hour bracket as
> anyway I can't stay more than 4 hours. Let me know if that works out with
> you.
>
> Thanks,
> Neha
>
>
>
> ---- On Wed, 05 Jul 2017 12:40:19 +0530 Siddhesh Poyarekar<
> sid at reserved-bit.com> wrote ----
>
> Hi,
>
> After long consultations with our accountants, it has come to light that
> we will have to charge GST on all our products. This unfortunate event
> happened because of having to voluntarily apply for CST/VAT for
> inter-state sales in the old tax regime. This was OK in the old tax
> regime for memberships and event tickets since they are services and
> hence did not require ST registration then. With GST however services
> and products get folded into one and as a result we find ourselves
> registered to collect taxes for services before we are financially
> eligible for it.
>
> There seems to be no way currently to withdraw the GST number as of now.
> The tax amount is also too high for us to absorb in our already rock
> bottom membership costs, so we are left with no choice but to pass the
> tax on to members, as is intended by the GST law.
>
> Going forward, all our subscriptions and event tickets will have an
> additional tax component that will be shown during checkout.
>
> Siddhesh
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>
>
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>
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