Netflix GST: Now you will have to pay more to use Netflix Amazon Prime!
Netflix GST: In our country India, minor rules related to GST and income tax keep changing every day. In such a situation, it becomes very important for you to know these rules because these changing rules also bring changes in your daily life.
This time the Indian government has changed the GST rules for foreign companies that provide digital services in India. Due to this now all the foreign companies which provide online services in India will have to pay GST to the Indian Government. According to this rule, let us know how much GST these companies will have to pay and which companies will be affected by it.
Now this much GST will have to be paid
According to the new GST rule of the Government of India, foreign companies will have to pay 18% GST for providing online services in India. This rule will be implemented across India from October 1, due to which in the coming time, it is possible that these companies providing online services in India may also increase the price of their services.
Now let us know which companies providing online services are going to be affected by this rule.
It will make a difference to companies like Amazon Prime & Netflix
Foreign companies that provide their online services in India include companies like Netflix, Amazon Prime, Spotify etc. All these companies provide many types of online services in India. But now after the change in this GST rule, all these companies will have to pay 18% GST to the Government of India.
Now in the coming time, it may happen that these companies may also increase the price of their services in India, due to which you may have to pay more money for using the services of all these companies.
Netflix is the biggest base of Amazon Prime in India.
Let us also tell you that the largest audience base of these online services providing companies is also in India. According to a report, more than 40 million Indians use Amazon Prime service, while about 8 to 10 million Indians use Netflix service.
Now it remains to be seen how much the companies providing online services increase their prices after the change in this GST rule.
We hope you liked this article and got information about Netflix GST and Amazon Prime GST. Please share this article with your friends and family so that they can also be aware of this GST rule. To read more such articles, stay connected with our website.
FAQ: Netflix GST
How much does a monthly Netflix subscription cost?
Netflix’s monthly subscription starts at ₹149 per month.
How much is the monthly subscription to Amazon Prime?
The monthly subscription to Amazon Prime is ₹299 per month.