Industry specific

Sale of Second hand goods under GST

While GST is charged on transaction value under a normal supply. For a second hand supply, GST would be applicable only on the margin i.e. the difference between the value of  sale and purchase price. If there is no margin, no GST is charged for such supply. The purpose of the scheme is to avoid double taxation as the goods, having once borne the incidence of tax, re-enter the supply and the economic supply chain. Valuation of second hand goods Second hand goods are [...]

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FAQ on e-commerce under GST

E-commerce has emerged as an emerging trend of business in India, there are thousands of suppliers under e-commerce operators, we will discuss about the applicability of GST on the suppliers selling goods or services through an e-commerce platform. An e-commerce platform/operator is an entity which owns, operates or manages digital or electronic facility or platform for E commerce like Amazon, Flipkart, Google Playstore etc. Here’s a list of common FAQs on Ecommerce Also read: Applicability of GST on sellers in e-commerce market place i.e. [...]

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Applicability of GST on sellers in e-commerce market place i.e. sellers registered on Amazon, flipkart, Playstore etc.

E-commerce has emerged as an emerging trend of business in India, there are thousands of suppliers under e-commerce operators, we will discuss about the applicability of GST on the suppliers selling goods or services through an e-commerce platform. An e-commerce platform/operator is an entity which owns, operates or manages digital or electronic facility or platform for E commerce like Amazon, Flipkart, Google Playstore etc. Suppliers on E commerce platform is an entity or individual which supplies goods or services on/through an E commerce platform.  Applicability [...]

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