Skip to main content

E-Commerce Operator under GST


           
Following topics, we will discuss inthis blog (GST E-commerce operator under GST)
ü  What is GST
ü  What is an E-commerce operator under GST
ü  Who should generate E-commerce operator under GST
ü Types of GST applicable on E-Commerce Sales
ü Advantages/Benefits of E-commerce operator under GST

What is Goods and Service tax or GST?
Goods and Service Tax (GST) In India, it is the biggest tax in which levied on goods as well as services and it will subsume under the GST.
Good And Service Tax or GST: In India, it is the biggest applicable all over the country (except J&k and it are also referred to as “One Nation One Tax” and a single product
are taxed and it will be the same rate in every corner of the country but not in Jammu & Kashmir this system under.
What is an E-commerce operator under GST?
“Electronic commerce operator is every person who, owns, operates or manages the digital or electronic facility or platform for electronic commerce.” On the other hand, the sale of a company’s products through the website would not be called an e-commerce activity. So, the basic functions of an E-commerce operator are.
ü  To display the available products and services on the website.
ü  Arrange for dispatch through any of the vendors.
ü  Post the successful supply by the vendors, the e-commerce operator proceeds to settle the payment of the vendor on a periodical basis.
Types of GST applicable on E-Commerce Sales
In India, E-Commerce has grown tremendously as more users are getting all the items online, for this we must thanks to latest smartphones and internet connectivity. There was no clear treatment of online sales under earlier tax laws and GST has proper rules in place for e-commerce portals like Amazon, Flipkart and its sellers.
In this blog, we will also discuss that, what type of GST one should charge on our online sales.
Topics:
  • Place of supply
  • Digital goods such as eBooks
  • Invoicing
  • How can Clear Tax help you?
  • E-commerce benefits
  • How does an e-commerce sale work?
Benefits of E-commerce operator under GST |GST Refunds| GST Payment
In India, with digital transformation has witnessed some improved opportunities for e-commerce players the government has consistently tried to help the start-up community. The Indian government with an ambitious plan has implemented the revolutionizing tax regime “The Goods and Service Tax or GST”.  With a majority of exuberant entrepreneurs probing about the ambiguity of this tax reform, let’s discuss a few benefits of GST and how the tax regime will impact your eCommerce business.
§  Higher transparency when comes to state wise tax regimes.
§  Pan-Indian rate structure 
§  Removing Cascading tax effect
§  Simplification of tax procedures
§  Smoother interstate logistics management with common a tax
§  Lesser trade barriers
§  Uniform tax structure helps to price and margin properly regardless of where it’s being shipped.
§  Addresses challenges and concerns, Similar to tax evasion by Amazon and few of its sellers
§  A coherent flow of Input tax credit.
Flipkart and Amazon are now aligning with government policies to support small sellers’ earlier e-commerce marketplaces like Amazon and Flipkart didn’t care for the welfare for small sellers but with the latest and newly reform in place, no one can stop to anyone from entering the online market and selling their products. Removal of CST and VAT and will empower more and more sellers. This important step is certainly one of the biggest benefits of GST, which will be registered by people only with the passage of time.
Note: For more information regarding Goods and service tax or any other related thing please click here






Labels:

Comments

Post a Comment

Popular posts from this blog

What is GST, GST Registration, GST Return

What is GST? The newly introduced tax which is called GST or Goods and service tax is an indirect tax levied in India on the supply of goods and services and this tax and it is levied at every step in the production process but it means to be refunded to all parties in the various stages of production other than the final consumer. GDT is an indirect tax which is levied on goods as well as services and all the existing state and central indirect taxes are subsumed under the GST . Good And Service Tax (GST) is applicable throughout the country (except Jammu and Kashmir) and it is also referred to as “One Nation One Tax”. A single product is taxed at the same rate in every corner of the country except Jammu & Kashmir this system under. Benefits of GST!                There are some important benefits of GST ü   Elimination of Multiple Taxes: One of the biggest benefits of GST is it eliminates multiple indirect taxes and all the taxes which currently exist will not be i
Post a Comment
Read more

FM Nirmala Sitharaman busy, GST Council meet pushed back to Saturday

The  GST Council  meeting, which would have taken up the issue of slashing of tax rates for electric vehicles, was on Thursday rescheduled for Saturday. Union Finance Minister Nirmala Sitharaman, the chairman of the Council, was busy with the ongoing Parliament session, officials said. The meeting, which was to be held through a video conferencing, had a single agenda to boost production of electric vehicles (EVs). The agenda included reduction in GST rate from 12 per cent to 5 per cent for electric vehicles and from 18 per cent to 12 per cent for their chargers. It was also to discuss GST exemption on hiring electric buses. All state finance ministers and officials were logged in for 15 minutes for the meeting at 3 pm before being informed of further delay and a possibility of deferment. In fact, a few finance ministers, mostly from Opposition-ruled states, questioned the urgency to call a meeting for a single point agenda. “What was the urgency to call a Council meeting for a
Post a Comment
Read more

GST Notifications, GST Announcements,

There was a lot of outrage recently over two different issues. First was a reduction in monthly GST collection in February 2019 and second was an aspersion over economic growth data. Both these aspersions raised the question of the veracity of economic growth and “vikas” claimed by Prime Minister Narendra Modi. All concerns and aspersions raised may not be fully addressed and some of those concerns on economic growth could possibly be fair and relevant. However, we need a detailed discussion on average daily GST collection data to understand one dimension of economic growth and verify whether the economy is on the right track. Indirect tax collection is a direct indicator of economic activity and a tangible measure of growth. Tax collection data also presents a real understanding of how nominal the economy has grown. Tax collection is a direct reflection of an increase in business activity – be it investment or consumption. On the investment part, with an increase in the purchas
Post a Comment
Read more