I want to open an online store

1) Yes you need to take GST registration if you register on E-commerce websites.

2&3) Yes

4) Yes

5) Will share the format.

6) Initially for GST registration you can use SB account but later on you need to witch over to current account.

7) IGST would be applicable.

Thanks

Hi,

Hope you are doing well !!

1.Yes, you need to take GST certificate.

2 & 3.You can give home address as place of business.

4. Yes. They are taxable.

5.  A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST Invoice must have the following mandatory fields:

1. Invoice number and date
2. Customer name
3. Shipping and billing address
4. Customer and taxpayer’s GSTIN (if registered)**
5. Place of supply
6. 
   HSN code/ SAC code
7. Item details i.e. description, quantity (number), unit , total value
8. Taxable value and discounts
9. 
   Rate and amount of taxes i.e. CGST/ SGST/ IGST
10. Whether GST is payable on reverse charge basis
11. Signature of the supplier
12. etc.

6.Current account is the appropriate account for business.

7. Yes, In an Inter-State transaction, a seller has to collect IGST from the buyer.

Thanks & Regards,

Payal Chhajed

Hello,

since you want to go for online selling and selling on flipkart and amazon following will be compliance requirement

- GST Registration will be required

- you can show your home as place of business

- Handicraft items are falling under Non taxable and taxable rates so based upon exact item it can be identified

- Normal tax invoice format will do. you can find it online and if not send me your mail id will mail you a sample one

- It is advisable to open a current account and show it for business trasanction though not mandatory

- With respect to interstate requirement it will be same as normal except IGST will apply in place of CGST & SGST + E way bill shall be applicable if product is taxable

- All regular GST formalities will be applicable i can help you will the same your regular monthly and annually return filing

Hi

Since you are going to sell online ,GST registration is mandatory.

Home address can be used as work place address.

Nomal invoice format can be used.

You can use Savings account but having current account is good in case of business transaction.

 Yes for interstate sale ,IGST would be applicable.

Hope it helps

Hi,

- Yes, GST registration is mandatory.

- You can use your home address as place of business.

-Please share the product details.

-You can find the format online.

-Current Account

-IGST would be applicable.

First of all if you turnover is below then you don't need any GST registration and as of now since you don't have any turnover you don't need any GST registration.

In future if you need GST registration then you can apply for it using your house address there is no compulsion to have a commercial shop.

You need to give the address of the place where you actually work because if someday you receive a notice or something related to GST there needs to be someone to say that yes we work here.

Yes handicrafts are taxable at 5%.

Current account is recommended.

After a notification now even for interstate movement of goods you don't need GST registration.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you