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In recent years, e-commerce has grown thanks to sites like Flipkart and Amazon that let people shop online. Flipkart is one of the most popular online stores in India. As of now, Flipkart handles more than 5 million packages every month and has more than 80 million page views every day. So, anyone who wants to sell their products on Flipkart has a great chance. If you also want to sell on Flipkart, there are some things you need to know. You will learn everything you need to know about GST Registration for Online Sellers at Flipkart and Flipkart Seller Registration in this article.
Do you need GST Registration to sell on Flipkart?
The answer to this question is “yes.”
GST Registration is a must if you want to sell digital products on Flipkart. In fact, if you want to become a seller on Flipkart, you’ll need to give your GSTIN, which you can only get after registering for GST in India.
It’s important to know that you don’t have to register to sell things online. You don’t have to re-register if you already have a GSTIN. Also, you don’t have to tell the registrar about any changes to your registration.
GST Return Filing for Sellers on Flipkart
The rules for how online merchants must file their GST returns are the same as those for how offline merchants must file their returns.
Even if a seller on Flipkart doesn’t make any sales, they still have to file a GST return. If you don’t file a tax return, even if it says “NIL,” there are more fines.
Who is Responsible For GST Payments on Flipkart?
People who have never sold before often wonder who is responsible for paying GST. Either Flipkart or the person who is selling through it. When a seller makes a sale, it is up to the seller to pay GST on that sale.
Basically, the idea is that the vendor sells to the customer directly. Flipkart is just a middleman that gets paid a commission. To say it another way, Flipkart does not have to pay the GST.
Input Claims and Commissions on Flipkart
Flipkart charges sellers who want to sell their goods there a commission. The ratio changes depending on many things and the product.
In general, the platform must add 18% GST to the commission, and the seller can claim the GST input tax credit that results.
Flipkart will also send you a bill for shipping, advertising, and other services. You can get money back for all of these.
Invoicing the Customer on Flipkart
As was already said, the vendor sends the product directly to the client. Because of this, the seller must give the customer a GST invoice with information like the customer’s GSTIN, name, address, product specifications, price per quantity, and GST amount.
Customers can make invoices directly on Flipkart’s platform. Just print the invoice and send it in the mail with the goods.
You can also use other platforms, like InstaBill, to make invoices that work well.
Conclusion
After giving all of the above information, registrations, and paperwork, the company can start selling its products on the Flipkart platform. After meeting the requirements to become a Flipkart seller, a business can open a storefront and start selling items on the site. After signing up with Flipkart, you must also follow all tax rules for online shopping.
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Tag : GST Filing, GST Registration, TDS Filing