Sage-Tips

Can I sell anything with my GST number?

Sellers selling taxable goods on the Amazon marketplace would need to provide a GST number mandatorily and assign applicable GST rates (Product Tax Code or PTC) for their listings. If you are listing exclusively GST exempted products, you need to choose appropriate PTC for selling such GST exempt goods.

Can a manufacturer do trading in GST?

Yes ! You can do trading and manufacturing under single GST Registration number GST is tax on “Supply” and not on manufacture so there is no issue.

Can I buy without GST and sell with GST?

You can sell online without GST only if you sell goods which are exempted. If you sell goods on which GST is applicable, then you has to get GST number to be able to sell online.

Is GST number same for all products?

Can I have two different businesses with one GST number? YES, WITH SINGLE GST . YOU CAN DO N NUMBER OF BUSINESS.

Is there GST on share brokerage?

Yes. Broking service is a taxable supply.

How do I sell unregistered dealer in GST?

When you sale to inter state dealer, that dealer will bear GST and not you. If you purchase from an unregistered dealer then you have to pay GST under RCM and then you can claim ITC.

Is GST payable on purchase from unregistered dealer?

As per Sec 9(4) of CGST Act, if a registered person purchases goods/services from an unregistered dealer (URD) then the registered taxpayer is liable to pay GST on reverse charge basis( only for certain goods/services & registered persons). …

Can a person supply both goods and services under GST?

A registered taxable person can supply both goods and services by obtaining single GSTIN only. Under the GST Act, a registered dealer with multiple business verticals in a state may obtain a separate registration for each business vertical. But it is not compulsory.

Do I need a GST registration to sell a product?

Obtaining a GST registration isn’t relevant about what product or services you offer in the market, you can sell/trade any legal product (incl services) with invoicing under the same GSTIN and what you may quote is their HSN/SAC code under required circumstances.

Is GST applicable on gift & sales promotional activities?

In the pre-GST era, there was not much buzz over taxability of gift & promotional activities but implementation of GST has opened plethora of confusions one of which is GST on gift & sales promotional activities by the companies.

When does a registrant agent have to charge GST/HST?

When the vendor does not have to charge GST/HST. If a vendor would not have had to charge the GST/HST for sales of goods (other than zero-rated or exempt sales of goods) to a purchaser, then, as a registrant agent, you have to charge and include the GST/HST on the sale of the goods in your net tax calculation.