Taxation for goods sold on Facebook / Google etc

[Sameer Bhagwat]

Hi all,

Kindly let me know whether there is any need of payment of taxes for goods that are sold on Social Media like Facebook or Google +. And if any is the taxes need to be paid by the people who sell the goods or the group admins / owners ?

Regards,

Sameer

[Ramanujam Varadarajan]

All such sales should be supported with proper invoices/bills and such sales is liable to tax; local VAT / CST depending upon the movement of goods under the sale. Normally, the trading firms transacting business through the portal would be issuing bills and charging applicable VAT/CST.

[Sameer Bhagwat]

What if the trading firms or individuals don't issue bills ?

AI Summary

Responsibility for Tax Payments on Social Media Sales: Sellers or Group Admins? Proper Invoicing and VAT/CST Requirements Explained. A participant inquired about the tax obligations for goods sold on social media platforms like Facebook or Google, questioning whether sellers or group administrators are responsible for tax payments. A respondent clarified that such sales must be accompanied by proper invoices or bills and are subject to local VAT or CST, depending on the movement of goods. Typically, trading firms conducting business through these platforms issue bills and charge the applicable taxes. The original poster further questioned the scenario where trading firms or individuals do not issue bills.