GST provisions for selling through online marketplace like #amazon #flipkart etc.

 

GST Registration Compulsory!!!

https://www.amazon.in/gp/goldbox?&linkCode=ll2&tag=10e3928-21&linkId=4b2917bf40081515c5289ba80b4fe0f0&language=en_IN&ref_=as_li_ss_tl

GST registration is compulsory for selling goods online. As such you will not able to make business account on e-commerce portal if you don’t have GST number.

GST registration is compulsory even if you are going to sale exempt product or your turnover is below registration limit requirement. (Read when GST registration required in other cases- https://taxunlock.blogspot.com/2022/02/registration-under-gst.html 

In short, all product you will be required to charged GST as per applicable rate.

Tax deduction from your consideration other than operator charges

Supply of goods through E-Commerce operator would attract TCS provisions if consideration is collected by Operator and then remittance made to you.

 

E-commerce operators would collect 1%  of Net taxable value invoice wise and the same would be available to you in your cash ledger as and when you file TDS/TCS return.

You will be able to set off your TCS credit against liability of that month.

For example, 1000+18% invoice is raised to customer then from received consideration of Rs. 1,180/- e commerce operator would remit you Rs. 1,170/- and Rs. 10(1% of 1000) would be reflected in your TDS/TCS credit received return and as and when you file that same would be available in your cash ledger.

While filing your GST returns you have to show full basic value of Rs. 1000 with tax amount Rs. 180.


Further as per section 52 of CGST Act, 2017,  TCS provisions are attracted on net taxable value only. Therefore, in case of exempted goods no TCS would be attracted.

https://www.amazon.in/gp/goldbox?&linkCode=ll2&tag=10e3928-21&linkId=4b2917bf40081515c5289ba80b4fe0f0&language=en_IN&ref_=as_li_ss_tl

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