What is GST and how does it affect you?

To better understand GST, watch “GST Introduction for Online Sellers”

  1. The Goods and Services Tax Act (GST) is an Indirect Tax that you pay on behalf of your customers to the Government of India. GST will applicable in the country effective on 1st July, 2017
  2. Before this date, all the registered taxpayers under the State Sales Tax or VAT, Service Tax, Central Excise, Entry Tax, Luxury Tax and Entertainment Tax need to enroll at the GST Common Portal
  3. Earlier, Online Sellers had to pay various taxes such as VAT, Octroi, Sales Tax or Service Tax. All these taxes will be replace with one tax- GST
  4. 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.
  5. There are different tax rates depending on the category of product sold by you.

How to register for GST?

  1. If you are already registered for VAT, the State VAT Department will have communicated the provisional ID and password to you. Use provisional ID and password for accessing the GST Common Portal and register yourself as a New User
  2. If you are registered taxpayer with other tax departments and NOT under VAT Department will also be shared their provisional ID by their concerned department.
  3. If you are not an existing Taxpayer and wish to register newly under GST, you would be able to apply for new registration at the GST portal from 25th June 2017. GST Common Portal
  4. You can start by going through GST Registration Tutorial video prepared to help you understand the registration process.

We at Shop101 are working to make your transition to GST as smooth as possible. We will be releasing more informative videos on GST in coming days. Please subscribe to our YouTube channel so that you don’t miss future updates.

Upcoming- What are the different GST Tax Rates applicable to my products and How to find out applicable tax rate under GST Product Classification (HSN Codes) for your products?

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