Table of Contents
- 1 Do I have to register GST as a taxpayer or tax collector for my e-commerce website?
- 2 What is taxpayer and tax collector in GST?
- 3 Who is required to collect TCS under GST?
- 4 Who needs to register GST?
- 5 What is the difference between taxpayer and Deductor?
- 6 When should TCS be collected?
- 7 What is the GST rate for e-commerce in India?
- 8 Do I need to register separately in each state for GST?
Do I have to register GST as a taxpayer or tax collector for my e-commerce website?
As per Section 24 of the CGST Act, all the e-commerce companies must obtain GST registration mandatorily.
What is taxpayer and tax collector in GST?
TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 0.5\% under CGST Act and 0.5\% under SGST Act; In case of inter-state transactions, 1\% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.
What is taxpayer in GST registration?
The category non-resident taxable person applies to individuals located outside of India. The taxpayers should and supplying goods or services to residents in India. To register as a casual taxable person, the taxpayer shall pay a deposit equal to the amount of GST liability. GST TCS Collector -E-commerce Companies.
How do I change my GST from taxpayer to taxpayer?
Step 1: Go to GST home page by clicking www.gst.gov.in. Step 2: Login with the provided credentials to GST portal. Step 3: Click on ‘Services’ tab from the main menu, hover the mouse on ‘Registration’ tab under services. Step 4: Click on ‘Amendment Of Registration Core Fields’ to open the link.
Who is required to collect TCS under GST?
Section 52 has been inserted under the CGST law for all e-commerce aggregators to bring TCS in GST. e-Commerce aggregators are made responsible under the GST law for deducting and depositing tax at the rate of 1\% from each transaction.
Who needs to register GST?
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.
What is the difference between taxpayer and Deductor in GST?
Answer: Deductor is the person who deducts the tax at source on specified payment made by him. He is also required to report the details of tax deducted in a statement. While a GST practitioner is a person approved by the central or state government to perform activities on behalf of the taxpayer.
Who should register for GST?
Who Should Register for GST? According to the Goods and Services Tax Act 2017, any business with a turnover of Rs. 40 lakh and above must register for GST. For North-eastern and hill states, the turnover threshold for GST registration is Rs.
What is the difference between taxpayer and Deductor?
Deductor is the person who deducts the tax at source on specified payment made by him. He is also required to report the details of tax deducted in a statement. While a GST practitioner is a person approved by the central or state government to perform activities on behalf of the taxpayer.
When should TCS be collected?
Tax Collected at Source (TCS)
| Quarter Ending | Due Date o filing return | Date for generating Form 27D |
|---|---|---|
| 30th September | 31st March 2021 As Per Notification No.35 /2020 | 15th April 2021 |
| 31st December | 15th January | 30th January |
| 31st March | 15th May of the FY immediately following the FY in which collection is made. | 30th May |
Who needs to register under GST as TCS?
1. Who needs to register under GST as a TCS? TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 1\% under CGST Act and 1\% under SGST Act; In case of inter-state transactions, 2\% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.
How to apply for tax deductor/tax collector under GST?
The Registration Application for Tax Deductor/Tax Collector can be filed by the applicant directly by themselves. In GST regime, the registration process is online and any person/entity wishing to register will have to access the GST system for the same.
What is the GST rate for e-commerce in India?
In the GST regime, every e-commerce operator needs to collect 1\% under CGST Act and 1\% under SGST Act; In case of inter-state transactions, 2\% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator. 2. How can register as TDS or TCS?
Do I need to register separately in each state for GST?
Yes, You need to register separately in each state and appoint a person in each state/UT who will be liable to pay GST. 1. How can I apply for Registration as a Tax Collector at Source?