| Please understand the context behind the rules before ranting. PayPal restrictions exist because india doesn't have free capital account convertibility and forex providers need to implement regulatory mechanisms to comply with forex regulations. The regulations on forex haven't changed in many years. It's paypal who isn't bothered to comply with mechanisms implemented and hence removed those features as they felt customers like you aren't worth it to them. Most developing countries have capital controls like India for financial stability reasons and removing it for the sake of small segment of entrepreneurs feeling difficulty to process some payments or can't manage the accounting is not in the interest of the state or it's people. Stripe thinks you are worth it to them and are providing that service. Find better service providers. Talk to a bank. As far as GST is concerned, every country has tax accounting. Some other countries like in Europe have it way worse on the paperwork. Have you ever dealt with pre-GST service tax or VAT paperwork? Accounting is a universal thing and it's the reality of doing business.If you think just by jumping one country to the other you can avoid taxes or paperwork you need to rethink your approach to business. Most countries who don't have taxes or tax paperwork are just tax havens living off someone else's money. Will you go to NZ/Canada and not do their tax paperwork? If it's getting harder, maybe your size is large enough to hire an accountant to do that work for you. If you have so many customers overseas maybe you better incorporate a foreign subsidiary or an IFSC subsidiary to manage USD transactions. These rules won't be changed for you - there are larger socio economic reasons for the rules. |