Amazon GST registration, If a seller wants to sell his/her product on one of the biggest e-commerce giants like Amazon, then GST registration is compulsory as you need to pay Goods and Service tax to the government. Dealers can sell to millions of customers, on Amazon which is one of the largest online stores, through this e-commerce you can reach millions of buyers from all over the world.
Is GST registration mandatory for Amazon seller?
GST Registration is necessary for independent e-commerce sellers and for sellers with listings on websites like Amazon. except for the 0% GST category items, as per the latest GST registration limit updates in India, the registration threshold limit for GST has been increased to ₹40 lakhs. This means that all businesses with a turnover of more than ₹ 40 lakhs will now be required to obtain a GST registration. The previous limit was ₹ 20 lakhs GST Registration also allows the business to avail of benefits like seamless input of tax credit, under the GST regime.
How To Get GSTIN For Amazon Seller
For the GST registration for the amazon seller, the online process is very simple; you can easily apply for a GSTIN number in just five steps.
- Step 1: Visit the official GST website www.gst.gov.in
- Step 2: Fill up the GST Registration Form.
- Step 3: Complete the GST registration process with aadhar authentication.
- Step 4: GST Department will review your business details, verify your documents and process your GST application
- Step 5: In 7-15 working days you will receive your GST Number via the common portal.
GST Rules for Invoices for Amazon Seller
The invoice should contain a description, quantity, and value & such other prescribed particulars under rule 46 of CGST Rules, 2017.
Two types of invoices are issued under GST.
- Bill of supply in which no GST credit is passed on and,
- The taxable invoice is to be issued to avail GST credit.
Contents of Tax invoice
There is no format prescribed for an invoice, however, Invoice rules make it mandatory for an invoice to have the following fields (only applicable fields are to be filled):
- a) name, address, and GSTIN of the supplier;
- (b) a consecutive serial number, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;
- (c) date of its issue;
- (d) name, address, and GSTIN or UIN, if registered, of the recipient;
- (e) name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is unregistered and where the value of taxable supply is fifty thousand rupees or more;
- (f) HSN code of goods or Accounting Code of services;
- (g) description of goods or services;
- (h) quantity in case of goods and units or Unique Quantity Code thereof;
- (i) total value of supply of goods or services or both;
- (j) the taxable value of supply of goods or services or both taking into account discount or abatement, if any;
- (k) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
- (l) amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax, or cess);
- (m) place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce;
- (n) address of delivery where the same is different from the place of supply;
- (o) whether the tax is payable on the reverse charge basis; and
- (p) the signature or digital signature of the supplier or his authorized representative
GST Returns for Amazon Seller
- Under the GST regime, returns have to be filled on a monthly/quarterly basis, by the 11th/13th of each month. Sellers have to fill out the GSTR-1 form on their GST portal containing details of their supply outwards for the month.
- The form GSTR3B has to be filled out between the 20th and 24th of the month and contains details about the purchase details of taxable goods and services and input tax supplies.
- GSTR-9 form is for annual returns and needs to be filled by 31st December of the financial year, GSTR 9 is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore. whether GSTR 9 is exempt for taxpayers whose aggregate turnover is less than or equal to INR 2 crore. Further, a self-certified statement in GSTR 9C should be furnished by taxpayers whose aggregate turnover exceeds INR 5 crore.
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