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A persons selling goods through online service platforms
if a person want to sell his goods through online platforms like amazon,flipcart,what gst procedure he have to follow,what provision will be applicable to him
Replies (3)
A trader is required to get Compulsory registration under GST to be able to sell on these platforms like On Amazon Flipkart ect., if not already Registered.
Amazon, flipkart is required to deduct TCS at rate of 1% of total sale price from the amount payable to you. This TCS can be claimed by online sellers. Such TCS is shown in the TCS statement, it is required to match the sales shown in this statement with actual sales and accept the TCS. Then the TCS amount gets added to the cash ledger of the person. and you use that for payment of your tax liability.
There is no changes in filing in return , It's same as like you filing under offline Trade through shop/factory/Gowdown ect.
Amazon, flipkart is required to deduct TCS at rate of 1% of total sale price from the amount payable to you. This TCS can be claimed by online sellers. Such TCS is shown in the TCS statement, it is required to match the sales shown in this statement with actual sales and accept the TCS. Then the TCS amount gets added to the cash ledger of the person. and you use that for payment of your tax liability.
There is no changes in filing in return , It's same as like you filing under offline Trade through shop/factory/Gowdown ect.
Can he registar under composition scheme
No, He can not register under Composition scheme as per Section 10(2)(d).
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