Hello - We own a small time business, where we sell Leather accessories on multiple E-Commerce Market places. We are registered under VAT and recently migrated to GST. Our turnover is not over 20 lakhs per annum at this current stage.
Here are my questions -
- After GST is introduced, do we still need to collect VAT from customers since our turnover doesnt exceed 20 Lakhs
- Will CST be considered as Input Credit under GST?
- We outsouce out job work from our vendors and they charge service tax, after GST is introduced, can we consider that for Input Credit?
- All the e-com marketplaces charge us Service tax along with Swachh Bharat Cess and Krishi Kalyan Cess. Can we claim this amount through GST?
- What is the impact on the Online Sales industry post this introduction of GST?
- Can you guide me to an article or any new release, which talks about the changes in E-Commerce industry after the introduction of GST
Please feel free to answer these questions. Thanks in advance.
CAclubindia
