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

Tax liability for online social media sales: such transactions require invoices and are subject to local VAT/CST. Sales of goods through social media platforms are subject to tax and must be supported by proper invoices or bills. Such transactions attract applicable local indirect taxes-VAT or CST-depending on movement of goods. Trading businesses transacting through portals customarily issue invoices and charge the tax. The obligation to account for and remit tax lies with the seller or trading firm; non-issuance of bills raises compliance concerns but does not negate the tax obligation.