30 October 2018
I have 2-3 queries related to ecommerce selling.
1/ Till date I was doing reselling on whatsapp and facebook. Means if I get a product from my manufacturer in rs 660 and sell it in rs 999 then do I need to pay gst on 999 or only on my commision after deducting shipping cost? I am currently paying gst to manufacturer on 660+100 shipping means on 760 rs and getting gst amount on 999 from customers. So here rest of the gst I pay to government every month. Am I doing it in correct way or I have to pay gst on my margin amount?
2/ I started selling on some ecommerce like glowroad and meesho type platform. Some are not deducting any gst. but Some are deducting gst on sales also. So my questing is, if these platform deducting 5%gst from my sale amount and also deducting tcs and their commission then do i need to pay gst to my manufacturer and government also? How to deal with manufacturer in this case. Because they will collect gst from me because they are selling to me and these platform where i am selling they deduct gst from my sale, not paying gst to me. means I am paying gst on sales as well as on purchasing. Please guide me in this.
3/ I now created my own ecommerce website, now if i sell on my ecommerce portal then how much gst I have to pay. I am getting these products from my traditional manufacturer? I am not allowing anyone else on my platform.
31 October 2018
(a) you have to pay gst on your selling price less pay gst on your purchase. (B) if e commerce company deduct tcs than you have to less the tcs amount as per certificates from your payable amount and discharge the liability to government. (c) if you own a eccommerce platfrm ...in that case you have to deduct tcs from payment of supplier, you have to charge gst on your site commission, reduce the input whatever you have paid , and discharge the liability to governemnt.
CAclubindia
