Will Income of Content Creators from ‘X’ Be Subject to GST? Find Out Here - News Summed Up

Will Income of Content Creators from ‘X’ Be Subject to GST? Find Out Here


Elon musk had earlier in August announced that the subscribers of X Premium (Blue) will be eligible to receive their share in the ad revenue. Musk had further said that the account needed to have at least 500 followers to receive ad revenue. This individuals primarily include content creators on X, who can set up Ad Revenue Sharing and Creator Subscriptions independently. They also noted that the income from other sources will not be eligible for the GST otherwise, if not added with ad revenue from X. Currently, individuals and entities earning revenues or income from services exceeding ₹20 lakh is liable to take Goods and Services Tax registration.


Source: Mint August 14, 2023 19:05 UTC



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