I am going to launch my own e-commerce application and just want to sell my own products as a vendor, bought from a dealer. Do I need any GST number when my dealer already has paid the GST? My annual turnover is less than Rs.20 lakhs.
Bibek Modak (20 Points)
20 May 2020I am going to launch my own e-commerce application and just want to sell my own products as a vendor, bought from a dealer. Do I need any GST number when my dealer already has paid the GST? My annual turnover is less than Rs.20 lakhs.
Vaibhav Khatri
(11 Points)
Replied 20 May 2020
Rajkumar Patel
(602 Points)
Replied 20 May 2020
Rajkumar Patel
(602 Points)
Replied 20 May 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4395 Points)
Replied 20 May 2020
If you are conducting a business which requires a digital platform you're a e-commerce operator, although, unless you sell goods/services of another person and collect amounts through your platform, you need not deduct TCS.
The mandatory requirement u/s 24 for e-commerce operator who is required to deduct TCS is there, notification 65/2017-CT was later released to ease the registration, and limit was brought in upto Rs. 20 lakh. (subject to certain e-commerce services, not the one mentioned in the question).
Hope it is clear.
Bibek Modak
(20 Points)
Replied 20 May 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4395 Points)
Replied 20 May 2020
If below Rs. 20 lakh not required. If purely supply of goods then Rs. 40 lakh limit available in the majority of the States in India.
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4395 Points)
Replied 20 May 2020
No issues, you may be called an e-commerce operator but not liable to deduct TCS, so the mandatory registration and notification does not apply to you.
Ex: Dominos - they have their own app for selling pizza, but need not deduct TCS. They would require to register based on turnover limits applicable for regular assessees.
40 lakh limit States - Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal
MANU KURIAN
(TAX CONSULTANT)
(6 Points)
Replied 12 August 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4395 Points)
Replied 13 August 2020
No not applicable to Kerala. 20lakhs would be limit there.