GST Effects on E-Commerce Firms

on
Today here we will know about the how the GST effects the E-Commerce firms.
Is it good or bad for those who are doing business in this firm?
And also how is it affect to the normal people/
Today we will discuss about all this topic related to E-Commerce.

If you aren't owning your own website  on E-Commerce patform then it  will effect very bad to your business and your reputation.
Because you cann't reach to more than more people.Your business is limited to the local people.
So Hurry Up! Grab your company's name website.
Just Click Below!

Now here we explain the effects on E-commerce firms that operates the digital way to sell the products online:-

  • E-Commerce without registration out from online space:
This is the major change that comes here it means those E-commerce must have to be register in GST else they are out from the online space permanently.

  • Full Tax:
In this there is a limit that those firms have 20 lakhs and more earning per year have to register in GST and pay the tax but in case of E-commerce every firm have to pay the tax for every penny they earn.

  • Every Retailer be same with GST:
Before GST all the E-commerce firm applies the concept that those have lower tax rates comes first on their portal so that cheap items zoom all the time.But with GST the tax rate is same here so it means all the retailers are same and cost of products 

  • Not-Eligible for the Composite Scheme:
Those suppliers have turn over less than 50 lakhs are not eligible for the composite scheme.

  • Full return process for E-Commerce suppliers is listed below:
  1. A supplier can make changes in form GST ITC-1 on 21 th of every month that provided by the E-commerce about the supplies.
  2. Full details of supplies through E-commerce platform is subjected to be filled on 10 th of every month.
  3. On 15th of the month all the details of the tax filled by  suppliers can be accept or modify.
If you want to design a website for your E-Commerce platform then Contact Us!