E-commerce platforms like Amazon, Flipkart, Meesho, Myntra, Ajio, etc., are tremendously popular in India. They provide local retailers with a great opportunity to sell their goods and services across the country. If you’re interested in getting your business listed on any of these platforms, you must be acquainted with the rules associated with e-commerce. Did you know that GST registration for ecommerce platforms is a must for sellers? GST Registration For E-Commerce Portals
Read on to know more about GST registration for online sellers on ecommerce platforms like Amazon, Flipkart, Meesho, Myntra, Ajio, etc.
Different Scenarios That Require GST Registration For Sellers On E-Commerce Platforms:
• When a seller is registered under the composite scheme, they may have to register for the normal scheme as well.
• You must acquire a GST registration for nationwide delivery of your goods.
• If your business deals with exempt goods, you can’t get listed on e-commerce platforms without a GSTIN.
• GST registration is mandatory if the place of supply is different from the business address mentioned in the GST registration form.
When your business location is different and distant from the place of supply, you must register for the IGST or Integrated Goods and Service Tax Registration. However, if the supplier’s business location and place of supply are in the same state, you must get the SGST (State Goods and Service Tax) or CGST (Central Goods and Service Tax) registration.
It’s very important for the seller to apply for the correct interstate or intrastate GST license because rules are different for IGST, CGST, or SGST registrations. Incorrect registration would result in tax being deducted from the wrong state, which would affect your GST return filing.
Who Needs To Pay The GST On E-commerce Platforms?
If this is your first time on the e-commerce platform, you must know that it is you who needs to pay the GST, not the e-commerce platforms. They just act as a commission agent; therefore, you’re liable to issue a GST invoice with your product details, monetary transactions, tax rates, GSTIN, etc., for customers. However, big e-commerce operators like Flipkart and Amazon do provide the facility to generate invoices on their websites after transactions. If you’re registered on any one of these platforms, then you can directly print the invoice and deliver the products to the customers.
How Can Online Sellers File GST Returns?
After you’ve acquired the GST registration number for e-commerce platforms, you can file returns for your online transactions monthly or quarterly. Forms GSTR-1 and GSTR-3B have to be submitted along with the IFF (Invoice Furnishing Facility) in the case of quarterly returns. It’s important to file the first GST return within a month of registration.
Why Hire A CA To Help You With The GST Registration For E-commerce Platforms?
A skilled and experienced CA can help you calculate your GST returns and let you know if you need to charge IGST, CGST, or SGST, as per the transaction. They can aid you in:
• Personalising invoices
• Professional GST return filing
• Cancelled GST revocation
• Stick to tax deadlines
We, at Shivaay Associates, are experts in GST registration, GST return filing, and cancelled GST revocation. Get in touch with us for GST registration of your business on e-commerce platforms .