GST on online purchase

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50 Points Posted on 09 January 2021
I regularly purchase mobile set from flipkart, Amazon and make sell to local customers.I have no GST registration. My turnover has reached at Rs.1.60 crore in the FY 2019-20. Should I go for tax Audit? Am I liable to GST? Please advice.
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On 09 January 2021 at 10:50 Report
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Quick Summary
If you regularly purchase items like mobile sets online from platforms like Flipkart and Amazon and then sell them locally, you need to be aware of GST regulations. With a turnover reaching ₹1.60 crore in FY 2019-20, you are likely liable for GST registration. You may also need to consider a tax audit depending on specific circumstances and turnover thresholds.

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Chartered Accountant
24588 Points Posted on 09 January 2021
You are liable for gst registration and also for tax audit
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On 09 January 2021 at 11:06
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Accountant
4533 Points Posted on 09 January 2021
Yes you are liable
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On 09 January 2021 at 13:00
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378 Points Posted on 10 January 2021
You are liable for GST registration but not for tax audit if you consider Sec 44AD...
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On 10 January 2021 at 11:36

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