Hi,
I live in Bangalore and I want to start selling products online. These are products that I have got manufactured in China. I want to use Amazon and Ebay to sell them. I applied for my GST number (as a sole propietor) for this sole purpose last month and I got my provisional GST number. I am new to the business and so I literally don't know anything about taxes. I read a lot of articles on the internet but I'm not able to decide what to follow because of all the different information out there. I would be selling across India. I do not have a tax consultant. It would be great if you could answer the following questions:
1. I'm sure my turnover would not cross ₹2.5 lakhs, at least for the first year. Do I have to pay taxes?
2. This question may be stupid but I'm curious to know the answer. How does the government know how much tax I owe. Do the ecommerce marketplaces pass on the information of every sale I make to the govt. or is there some other way the govt. gets to know?
3. If yes, what are the different taxes that should I pay and how do I calculate them?
4. Should I provide the buyers an invoice for the sales I make? If yes, then I do not have a logo (at least a registered one) because my GST is registered under my name as a sole propietor. So what is the template that I should follow for invoicing?
Thank You,
Clement
CAclubindia
