I am a less than ten lakh p.a. online seller Shall I need to collect tax?
I am a small online seller/retailer who sells through e-commerce websites like Amazon, Flipkart etc. With a turnover less than ten lack per annum. Shall I need to collect tax and file returns under GST? If yes please. Explain in detail how will it work?
Any supplier making supply through an e-commerce operator are required to compulsorily registered under the GST regime. Benefit of Rs. 20/10 lakh is not available to them. The e-commerce operator will deduct 1% TCS from your monthly gross supply value and after depositing it in the government account, details of the same will be feeded in GSTR Return by it. The TCS so deposited can be adjuated with your tax liability.