How does GST registration work for e-commerce businesses?

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WhatsApp Image 2022-04-18 at 11.48.09 AM.jpegis the procedure for a taxpayer to get registered under the Goods and Services Tax (GST). The Goods and Service Tax Identification Number (GSTIN) is supplied once the registration procedure is finished.

What GST Actually is?

The GST (Goods and Service Tax) is a consolidated indirect tax policy that includes VAT, CST, Service Tax, Central Excise Duty, Entertainment Tax, and other taxes. It became effective on July 1, 2017. Applicable across India since then.

In other words, the GST (Products and Services Tax) is a tax on the provision of goods and services. The GST in India is a multi-stage, a destination-based tax levied on all value additions. The GST is a single domestic indirect tax law that applies across the board.

What is GSTIN?

Each individual registered for GST is given a GSTIN (Goods and Services Tax Identification Number). It’s a 15-digit number that serves as a unique identifier. The Tax Identification Number, or TIN, has been replaced by the GSTIN. Firms who already have a TIN will be automatically assigned a GSTIN, unlike new enterprises required to register under the GST Act. Tax officials generally use the number to keep track of GST payments and due dates for registered persons under the GST Act.

Getting a GSTIN and registering for GST are both free of charge. Prior to the introduction of GST, all state VAT-registered traders were given a unique TIN number by the different state tax authorities; the GSTIN has replaced this. Businesses that register for GST are now given a GSTIN, which is a unique identifying number.

Who should register in GST?

All businesses that sell items and earn more than INR 40 lakh in a fiscal year are required to register as regular taxable people. The maximum amount is INR 10 lakh if you run a business in J&K, Himachal Pradesh, or Uttarakhand in northeastern India.

The turnover cap for service providers is INR 20 lakh, with INR 10 lakh for special category states.A list of businesses that are obliged to register for GST, regardless of income, is also included:

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Nice informative thread! Keep sharing such information.

Online Sneaker Store - Soleseriouss

Shopify Partner
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Thanks for sharing! It's useful for Indian Business. Also, I want to share one application link which Indian Merchant should consider to reduce their work burden.

Its GST Invoice India App which can generate GST Invoice including CGST-SGST / IGST automatically when orders are placed on Shopify. Even it has variable tax rate facility where if you have GST % depends on Price you can configure that too. 

If you are a Indian Merchant you should consider this app once.