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What is the amount of tax i have to pay for a project


14-Jun-2023 (In Tax Law)
I'm crowdfunding a project and will be giving products I manufacture as rewards to backers. It will be a one time project that means after i've collected money and delivered products it will be over. I will be collecting $5000 and $500 will be cut from it as fees to the site i used so i'll be getting $4500 via bank transfer. So will I have to pay any taxes and should I register for gst because its just for one time.
Answers (1)

Answer #1
679 votes
Whether currently are you registered with GST Authorities for the supplies made by you. And whether the supplies will be made by you within the territories of India or outside India. Further whether you have collected funds within India or outside India
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