Hiii
in GST Regime in case of online sale trough online platform e.g. Flip Kart, Paytm, Snapdeal or interstate sale GST Registration in mandatory irrespective of Turnover of our business in any form (Prop. Partnership, Co. etc.)
Regarding Sole proprietorship registration
Hi , I am planning to set up an apparel business as a sole proprietorship entity . GST registration for online retailers has made it a little complicated for startups who are yet to see customer response etc . I wanted to know if Direct selling can be incorporated with sole proprietorship or it has to registered else ways. With direct selling , spreading into different states through a direct sales representative would attract GST ? Like , currently any business that is performed interstate will have to file Gst irrespective of the value of business , whereas if it is intrastate there is a limit of 20l/ annum. And how would GST impact my business in such a scenario . I'd appreciate your guidance on this .
Asked 7 years ago in GST
If i start an ecommerce website ( not selling on marketplaces ) , having an inventory model where i sell my own inventory on my own website , in that case GST registration is mandatory I understand . What about GST Tax filing in the following cases - 1). I sell through my brands website only within delhi /ncr - with annual turnover less than 20 Lakh . 2). I sell through my brands website on pan india level - with annual turnover less than 20 L . 3). If I sell through my website in Delhi/NCR , whereas other regular people take a part of my inventory to proceed as multi level marketing in their respective states and sell their . What is the GST incidence on the above mentioned cases . I'd request you to please clarify these queries . Whoever gets to read this , I'd appreciate a concise and to the point answers that would help me repel the doubts I am facing . Thanks
Asked 7 years ago
Hi,
1. You don't need to register for GST.
2. You have to register for GST.
3. Din't understand the question.
Please feel free to call/ revert in case you need more
Thanks and regards
Abhishek Dugar
CA CS B.Com
very unfortunate that I still am getting only the answers that I as novice already know in terms if GST . Either I have not been able to put up my queries clearly or there is certainly something lacking in getting clear answers . I'll try putting queries in other form to receive more concise answers . Online business are of three types - Marketplace model , Inventory Based model and Aggregator model . I choose Inventory based model . Now I very clearly understand that in order to sell online one has to register for GST and if the sales are made interstate GST has to be filed monthly irrespective of the turnover . Could you please tell mE GST tax slab for apparels , and how many monthly filings are to be done (Like GSTR1 , GSTR2 etc .) I earnestly hold to receive good answers that may prove helpful . Thanks
Asked 7 years ago
in inventory base model e commerce platform purchase goods from seller as normal purchase and then sell on platform thus in this case registration in not mandatory.
in other two models registration in mandatory,
in normal registration 3 returns monthly have to file and 1 annual return is required thus total 37 returns in a return are to be fill.
returns dates are GSTR1 10th of next month, GST2 15 of next month, GSTR3 20th of next month and Annual Return 20th Ocotber of next Financial year.
tax rates on apparels are under 1000 5% and above 1000 12%,
if you still have queries or doubts please call me on 9560945542
Hello,
I am sorry to say but I did not understand your last query which asks about tax slab ?
There is no tax slab in GST. It is to be paid to the government at a flat rate and input credit can be claimed there on your purchases.
Three monthly forms are to be filled every month i.e GSTR1, GSTR2, GSTR3. The due date to file the same is 10th, 15th & 20th of every month.
Please Notes that the dates are different for the month of July & August.
You are also required to form an extra form for the month of July & August since the GSTR forms are not yet updated by the govt.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Ask a Chartered Accountant
Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
Ask a CA