GST restrictions differ for people that provide services through platforms like UrbanClap, deliver food through Swiggy, or provide cab service through uber/ola. If you sell your services on any of these sites, you should read this advice. A person who sells on his website is also not covered by this instruction; instead, normal provisions apply. Individuals who supply services are subject to varied GST rules. Special requirements for taxation of e-commerce transactions connected with products and services offered by sellers and service providers (‘Sellers’) on the Amazon marketplace have been implemented under the Central Goods and Services Tax Act of 2017. You can Go Now to the Amazon website to know more.
Is it necessary to register for GST to sell on Amazon?
E-commerce operators (such as Amazon Seller Services Private Limited (Amazon or ASSPL), which operates the Amazon marketplace) collecting consideration concerning taxable online sales made by the Seller on the marketplace are required to collect an amount equal to 1% of the net value of taxable sales beginning October 1, 2018. This amount is known as ‘Tax Collection at Source,’ and it is supposed to be remitted to the government every month by Amazon. Sellers will be able to use the TCS credit to reduce their output tax liabilities for Goods and Services Tax (“GST”). As a result, sellers selling taxable goods and services on the Amazon marketplace will be obliged to obtain GST registration.
Where can you get your GSTIN updated?
A person must register via the standard process. Scheme of composition To enter your GSTIN, please follow the procedures below:
- To access the Manage Tax Details page.
- Upload the picture signature in the Digital Image Signature area. Sign your name on a piece of white paper. Upload the signature to Seller Central by scanning or photographing it. It should be a JPEG or JPG image with less than 2 MB and a resolution of 350 by 70 pixels.
- Confirm the ‘Ships from Address’ and input the GSTIN and PAN data in the GST Registration Details section.
- If you are enrolled in FBA for more than one state, you must input the GSTIN for each state.
- If you’re wondering how to obtain a GSTIN Provisional ID,
What products can you sell if you don’t have a GSTIN?
On the Amazon marketplace, sellers selling taxable goods would be required to furnish a GST number and assign applicable GST rates (Product Tax Code or PTC) to their listings.
However, the government has exempted certain products from GST, referred to as exempted supply, and does not attract GST. Books, maps, plastic bangles, and certain designated handicraft goods are examples of GST exempted products. If you’re only selling GST-exempt products, you’ll need to choose the correct PTC for the job. To find out which products are GST-free, go to the GST portal. You could also contact your Tax Consultant or GST service provider for extra information if you require it.
