Help me with Appropriate Purpose Code
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Hello, I work as an academic writer and provide help to students with their assignments when stuck (only for reference purposes though), quite similar to what Chegg offers and Coursehero offers. For my service, I charge fees and take payments, much of which come internationally.
I am very much confused about the correct purpose code that I should put in according to this work that I do.
Can someone please let me know, what purpose code should I use? The business that I make is quite okayish and the amount that I intend to transact with this is moderate. So, it becomes really important for me to get in the correct code for the business to avoid any hassles by any central authority (taxes and stuff, lol).
Thanks in advance!!!
Looking for replies... Please help!
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Here is the full list from RBI
https://www.rbi.org.in/upload/notification/pdfs/52220.pdf
Another site with full list:
This guide has a little more detail as to who should use what code:
https://www.technospot.in/purpose-code-introduced-for-paypal-indian-banks-transfer/
Use either:
S1019 - Other services not included elsewhere
P1009 - Architectural, engineering and other technical services: Any other technical services such as eTutoring, education and other services you render over the internet via web conferencing tools or similar channels, please use this code for your withdrawals
P1107 - Educational services (e.g. fees received for correspondence courses offered to non-resident by Indian institutions)
Kudos & Solved are greatly appreciated. 🙂
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