Is GST registration mandatory for e-commerce?

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.

Should an e-commerce operator get registered?

If a person is supplying goods or services or both through the e-commerce operator (other than supplies specified under section 9(5) of CGST Act), they should also be taking GST registration irrespective of the value of supply made by them as per section 24(ix) of the CGST Act.

How is the electronic commerce operator taxable under GST?

An e-commerce operator is also defined to include every person who directly or indirectly owns, operates or manages an electronic platform that facilitates the supply of any goods and services. Under the TCS mechanism, an e-commerce company is required to deduct tax the rate of 1\% of net value of taxable supplies.

Is GST registration compulsory for Amazon?

GST registration is mandatory if you are a seller or are planning to be a seller on Amazon.in (exception: if deals only with GST-exempt categories). One such benefit is to avail seamless input tax credit of the GST paid on your business purchases.

Who is tax collector in GST?

TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 0.5\% under CGST Act and 0.5\% under SGST Act; In case of inter-state transactions, 1\% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.

What type of GST returns e-commerce operators need to file?

GSTR-8
GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through e-commerce platform and amount of TCS collected on such supplies.

How many types of GST returns are applicable for e-commerce?

E-commerce suppliers/aggregators are required to file Form GSTR-1, GSTR 2, GSTR 3 monthly and GSTR-9 is to be filed annually. E commerce operators are required to file their GST return in form GSTR 8 in monthly basis.

What is GST registration tax collector?

TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 1\% under CGST Act and 1\% under SGST Act; In case of inter-state transactions, 2\% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.

Which registration is required only for those e-commerce operators who are required to collect tax at source?

GSTR-8 Return E-commerce operators are required to collect tax at source. Hence, any persons operating an e-commerce venture must register for TCS, collect tax at source and file GSTR 8 return before the 10th of every month. Know more about GST return filing.

Can I Change my GST registration from tax collector to tax payer?

GST registration from tax collector to tax payer can not be changed. But with in tax payer, you can change service provider, service receiver, regular, composition etc. all options available with in. Can I download my GST registration certificate without a login? I have my GSTIN.

How do I know if my GST/HST registration is complete?

Confirmation of registration You will receive a GST/HST account number to confirm that your registration is complete. Register for My Business Account to manage your program accounts online.

Can I use the same fiscal year for GST/HST purposes?

If you are a person described above that uses a non-calendar tax year approved by the Canada Revenue Agency (CRA), you may want to use that same year as your GST/HST fiscal year. A corporation generally uses the same fiscal year for both income tax purposes and GST/HST purposes.

How do I open a separate GST/HST program account?

To open a separate GST/HST program account for a branch or division of your head office, use Form GST10 Application or Revocation of the Authorization to File Separate GST/HST Returns and Rebate Applications for Branches or Divisions. You will receive a GST/HST account number to confirm that your registration is complete.