Go AD-Free with CAclubindia Pro and get a FREE CCI Coffee Mug. Subscribe Now!

Become online seller

01 August 2020

Mr. X has been doing business as normal seller, now he become online sellers too on Amazon.

What are the requirements in GST ?

Will he have to take GST registration as online seller ?

Note: He is already registered as normal seller.

Please share your valuable advice.

Thanks in Advance

Reply
Follow
Share

2 Replies

Vijayprakash P (1313 Points)
Replied 01 August 2020

All E-Commerce operators need to obtain GST registration u/s 24 provided they are required to collect tax at source(TCS)u/s 52. E-Commerce operator not being an agent are required to collect TCS @ 1% from the net value of taxable supplies made through the E-Commerce Platform. The tax will have to be collected on payment to vendors which will subject to reconciliation at a large stage. The TCS amount collected bt the E- Commerce operator must be deposited to the Government by the operator within a period of 10 days after the end of the month and required to file the returns GSTR8.He must also file an electronic statement containing the details of all amout collected by him for the outward supplies thr' this portal.

Upgrade to CAclubindia Pro. Subscribe Now!

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 02 August 2020

Person who is already registered under GST as normal Taxpayer and doing business as normal seller, now if he want become online sellers too on Amazon, than that Person is not required to take any seprate registration but you have to do amendments in your normal registration, and add the place of Amazon gowdown at which you will keep your stock as additional place of business.

And while filing GST return you have to separately show that sale along with e commerce operators name/number in you return.

TCS is also collected by Amazon if Amazon will collect payment on behalf of you and than pay to you, you can claim that TDS online.