Gst percentage of on online products
ABHISHEK GHOSH (Accountant ) (33 Points)
19 June 2017ABHISHEK GHOSH (Accountant ) (33 Points)
19 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182845 Points)
Replied 20 June 2017
As Online sellers, you are required to get registered under GST.
E-commerce companies will deduct 1% TCS from the payments due to you.
The rates applicable to each product you sell will vary as per catagories, but its details will be available with the E-commerce company.
For more details: refer: 1. https://taxadda.com/gst/tcs-by-e-commerce-operator/
2. https://timesofindia.indiatimes.com/business/india-business/gst-rates-e-commerce-companies-to-levy-1-tax-collected-at-source-on-sellers/articleshow/58753765.cms
3. https://www.profitbooks.net/gst-impact-on-ecommerce-business/
sanjay
(partner)
(52 Points)
Replied 21 June 2017
sir,
I think TCS will be @ 1% of the value the net supply made, through e-commerce, by the supplier of the goods who is suppose to be got registration under GST before making any supply through E-commerce Operators.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)