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Is GST compulsory for online selling?

Is GST compulsory for online selling?

Under GST, all online sellers must register and pay GST. This means that even if you only bring in Rs 1 lakh, you must go online and get a GSTIN. In addition, you’re required to file monthly returns and pay taxes on all qualified sales.

Can I sell anything if I have GST?

If you sell goods on which GST is applicable, then you has to get GST number to be able to sell online. You has to take GSTIN even if turnover is less than Rs. 20 lakh.

How do I sell my GST number online?

To obtain this, you need a valid mobile number (an India number), email address and PAN (Permanent Account Number) for the business. Go to official GST portal – https://www.gst.gov.in/ and under the services tab, choose Services > Registration > New Registration.

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Do all businesses need a GST number?

GST/HST registration is mandatory for all businesses in Canada except for those deemed small suppliers. The CRA defines a GST small supplier as a sole proprietor, partnership, or corporation whose total taxable revenues before expenses are $30,000 or less annually.

Is GST applicable for online business?

Yes, registration under GST is mandatory for all e-commerce operators irrespective of the sales turnover. Hence, prior to commencing business as an ecommerce operator or within 30 days of commencing business, all ecommerce operators are required to be registered under GST.

Is it possible to sell online without a GST number?

These platforms also do not allow to register without a GSTIN. There is no special type of registration required for selling online. A person who already has GSTIN need not take another registration. There is also not any requirement for intimation/notice/change in registration. But such person has to take registration under normal scheme.

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Do I need GST in India to sell on Amazon?

All platforms like Amazon, Flipkart etc. required GSTIN at time of registration as a seller on their platform. 2) Selling services other than mentioned in Section 9 (5) – Such sellers are required to register and collect GST only if there turnover is more than the threshold limit of 20/10 lakh.

Is it mandatory to collect GST from sellers to sell?

I have gst.Is it mandatory to collect gst from sellers for them to sell in my portal. Because some sellers may not have a huge turnover, what in case if they don’t have gst? As per GST provision ecommerce operators have to mandatorily take registration of GST irrespective of turnover.

What are the GST rules for e-commerce companies like Amazon?

Amazon, flipkart etc are e-commerce operator and not the persons selling on them. So any rules relating to e-commerce operator doesn’t apply to you. Also, do not select e-commerce operator at time of filing registration form, otherwise you can get into major problems. You can also take GST registration service of TaxAdda.