What GST filings/returns to take up for early proprietorship 2 websites with TCS & TaxPay GSTIN

Hello,

1. No, you were not required to take TCS registration under GST since you would be selling your own products on your websites. You must apply for cancellation. Till cancellation is processed, keep filing Nil returns under this TCS registration to avoid any late fee penalty.

2. GSTR-1 -monthly/quarterly, you can opt for it and GSTR-3B monthly. If you would be selling your products out of India and receiving Foreign currency for it, it would be termed as export of goods. Under exports, you will have two options, either supply after paying tax and later claiming a refund of the unutilized ITC or apply for LUT and supply without payment of tax. Other than that, GST annual return plus Income Tax compliances.

3. Tax rate on E-book is 5% - HSN 9984. The tax rate on unprocessed green tax leaves is Nil other than that, it is 5% for all other Tea varieties under HSN 0902.

4. Yes, you can use the same GSTIN registration or both businesses. Better if you separate the records for reconciliation purpose.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani

1. You should surrender the GST number for TCS as it would just create a liability for you. You can surrender it online via the GST portal.

2. If you are just starting you can choose for quarterly return GSTR 1 but you need to file it every quarter even when there is no sale and you need to file GSTR 3B every month for taking credit or paying tax.

3. No i guess your tea would attract 5% GST as 0% is for Leaves of tea and for e books its 5% only if that book has a printed version.

4. You same GST number will be used as for one PAN only one GST number can be issued.

If you need any assistance feel free to contact me.

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

Thank you.

 1. Cancell it by applying online. I may assist you.

 2. On website-1, you will make sales from your own account and through amazon therefore you need to obtain GST irrespective of turnover. Apply for LUT. It is one time application for the entire financial year.You need to file GSTR-3B on monthly basis, GSTR-1 on quarterly basis.Yes, you will be required to file NIL return though you will have no sales otherwise late fees will be levied for non-filing of GST returns.

3. Yes

4. Yes

Dear Sir,

Hope you are doing well !!

1. Now, it is not useful. You need to cancel it asap.

2.In India, Exports are treated as zero-rated supplies.

Taxpayers who export goods or services can choose any of the following options:

1. Export under bond/ Letter of Undertaking without payment of tax and claim refund of Input Tax Credit or
2. Pay *IGST after setting-off ITC and claim the refund of tax paid.

*Note: All Exports are deemed as inter-state, Only IGST is applicable on Exports.

Letter of undertaking has to be filed /submitted online before exporting the goods/services.

You will be required to file GSTR-3B (Monthly) & GSTR-1 (Quarterly). 

Yes, after obtaining GST registration. you will have file nil returns even if there is no sales.

3.Yes, it is correct.

4. Yes, you can use it.

Hi

Surrender the registration as a Tax collector from the GST portal. 

You will need only GST registration for a taxpayer.

GSTR 3B is to be filed monthly and GSTR 1 is to be filed quarterly if your turnover is less than 1.5crores. ( new forms are expected to be applicable soon)

In case of no sales no ITC, nil return is to be filed.

You can use same GSTN for different products.

1.Option for cancellation of TCS is not available online like normal taxpayer. Wait till any development from the department.It is not compulsory to file the TCS NIL returns.

2. No ITC would be available before GST registration. 

1. No, it is not compulsory to file TCS nil return.

2. Without GST registration, you will not be able to claim ITC.

1. Currently, no option is available for the cancellation of registration for person registered as a TCS collector(e-commerce).

2. No ITC would be available for purchases made before GST registration.

You can take ITC for goods you purchased before getting GST registration.

You can surely cancel your TCS registration. Check under service-> registration tab.

If you have any issue I would suggest to take assistance of a CA. I can assist you in filing your return and all other matters.

Thank you