12/24/2023 0 Comments Amazon product price tracker![]() ![]() Simply add the products you want to track to your list, and we'll monitor the prices for you. Our Amazon price tracker app is designed to be user-friendly and easy to use. Then the TCS amount gets added to the cash ledger of the person, which can be used to pay the GST liability.Are you tired of missing out on deals and paying too much for products on Amazon? Our Amazon price tracker app can help! With our app, you can easily track prices of your favorite products and receive notifications when prices drop, so you can save money and make informed purchasing decisions. Such TCS is shown in the TCS statement, it is required to match the sales shown in this statement with actual sales and accept the TCS. This TCS can be claimed as input tax credit by online sellers. TCS and How to claim itĪmazon, flipkart is required to deduct TCS at rate of 1% of total sale price from the amount payable to you. The seller is just required to print the invoice and send it with the product. Therefore, the seller has to issue GST invoice to customer with details like GSTIN, Customer name, address, product details, quantity price, GST amount etc.Īlthough customer has to issue invoice directly to client, almost all big platforms give facility to generate invoice from their platform. Invoicing to CustomerĪs discussed above, seller is selling the product directly to customer. Input credit can be claimed for all such expenses. Platform also issues invoices for delivery charges, advertisement charges and other charges. ![]() GST on such credit note is to be deducted from the invoice’s GST to arrive at the input tax credit that can be claimed. Platform may also issue credit notes for the commission or other charges. The platform has to charge GST 18% on such commission and the seller can take input tax credit of such GST. The percentage depend on the platform and also on the category of goods. The online platform charges a percentage of the sale price as commission from the seller. GST calculation method is given later in this article. So the seller is liable to pay GST and not amazon. Amazon is only like a commission agent in between. The concept is that the seller is selling directly to the buyer. The answer is that the seller is liable to pay GST on sales made. One general questions each new seller ask is that who is liable to pay GST? Amazon or the seller who is selling on it. Check our service page to know more about it. TaxAdda specializes in providing GST return services to online sellers. In other words, NIL return are also required to be filed, otherwise penalty is payable. Check our page on GST returns to know more about GST returns.Īn important point to note here is that GST returns are to be filed from the registration month even if there is no transactions at all. You may also required to file invoice furnishing facility (IFF) if you are filing returns on quarterly basis. You have to file GSTR-1, GSTR-3B for every month or quarter, based upon your selection in QRMP preference. GST returns provisions for online sellers are same as that of offline sellers. ![]() You can also take GST registration service of TaxAdda. Also, do not select e-commerce operator at time of filing registration form, otherwise you can get into major problems. So any rules relating to e-commerce operator doesn’t apply to you. Amazon, flipkart etc are e-commerce operator and not the persons selling on them. While taking registration and reading anywhere about online selling keep in mind that persons selling through these website are NOT e-commerce operators. Composition scheme registered persons are not allowed to sell online. There is also not any requirement for intimation/notice/change in registration.īut such person has to take registration under normal scheme. A person who already has GSTIN need not take another registration. There is no special type of registration required for selling online. If you sell only exempted goods then you may register on these platforms without GST. These platforms also do not allow to register without a GSTIN. 40/20/10 lakh do not apply on selling online. Also a person who sells on his own website is not covered under this guide, general provision applies to such person.Īlso See – Amazon, Flipkart and other Online Platforms Profit and GST Calculator Registration under GSTĮvery person who wants to sell goods on any of these platforms has to register under GST and get a GSTIN. This guide is only for persons who sell goods on amazon, flipkart etc. Check this guide if you sell your services on any of these platforms. ![]() GST rules are different for persons who provides services via platform like urbanclap or provide food via swiggy or cab service via uber/ola. Here is a complete guide for persons who want to sell goods on any of these platforms. A trader is required to get registered under GST to be able to sell on amazon, flipkart, meesho, udaan, snapdeal, shopclues and similar platforms. ![]()
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