Goods and Services Tax or GST is a single tax that will subsume several indirect taxes that are
currently
levied on the sale of Goods and services. GST will be applied to the manufacture, sale and consumption
of
all goods and services in India and will come into effect from July 1.
The process of GST registration involves filling and submitting an online application in order to obtain
an
unique GST Identification Number (GSTIN).
List of documents required will be: Pan Card, Aadhaar Card, Bank details, Address proof
and a Photo
More on GST
What is GST and how does it affect you?
The Goods and Services Tax Act (GST) is an Indirect Tax that you pay on behalf of your
customers to the Government of India.
For online sellers, there is no waiver on GST. You must file GST for every online order. The
waiver limit of 20 lakhs for GST is not applicable for online sellers
What are different GST Tax Rates for an online seller?
For online sellers, the 4 Tax Slabs for their goods/products are-
1. Exempted Goods – 0% Tax is applicable
2. Commonly Used Goods – 5% Tax is applicable
3. Standard Goods – 12% or 18% Tax is applicable
4. Luxury Goods – 28% Tax is applicable
