Is the GST filing for Amazon sellers mandatory

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As per GST rule, all the online e-commerce sellers need to take GST Goods and Service Tax registration and also file GST returns every month. Completing the GST Reg. process online through the internet is very easy. Selling products on Amazon is only possible after the GST Reg completion, also once GST is completed, the seller needs not to worry about other taxes like other state tax, etc. Amazon sellers should be aware of how to process GSTR-1, also then amazon sellers can change their accounts and goods prices.

Do All sellers selling on Amazon need to take GST Registration

If an Amazon seller is earning very less or more, GST registration is mandatory for Amazon sellers. Only those Amazon sellers are exempted from GST registration. If they are selling tax-free items like Khadi made items, bangles made of plastic, selling flag of India, and animal food.

Steps to be followed for GST Reg

Get TRN, which is used for email and mobile no. and also as permanent a/c no. TRN can be used to start the GST application. Fifteen days are given for applying GST because after 15 days TRN will not work. For filling the GST application this Doc is required.

Address Proof of business in the state:- Address proof of business in the state utility bill, lease/rent agreement, etc, Current bank a/c no. GST has to be paid by the Amazon seller for the sales made by him. For Address proof virtual office address is the best low-cost option https://www.instaspaces.in/spaces-on-rent/virtual-office-gst-registration/ As on Amazon all the sellers are directly selling to the customers, Amazon is acting as an agent on a commission basis, so the payment of GST will be done by Amazon seller only.

Benefits of filing a return on GST:- Need to pay less tax as compared to the old tax system, same tax platform, easy to run a business, etc.

Commission

Online e-commerce platform takes 18 percent GST as commissions, even input tax credit is taken by the seller that GST. Ecommerce companies also give credit-notes on the commission they have to pay. So in this way GST is deducted from bills on the basis of credit-notes and input tax credit. The e-commerce platform also gives bills for delivery, advert, and misc charges, the input tax credit is availed on these costs. Taxable bill-in this tax is charged on the buyer and it also has GST information. Bill regarding the supply of goods: this bill is used to deliver goods that are exempted from GST.

If you’ve got any doubts regarding the virtual office and need to grab more details about the virtual office, GST registration, and business registration for various work-related purposes, our Instabuddies on our website are always there round the clock to get you clarified.
You can also contact us at the points mentioned below
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