Sage-Tips

Is GST mandatory for selling books?

Books, generally are not exempted from GST. Specifically, you will have to check notification 2/2017 -CGST rate if the books that you sell are exempted. Being an online seller, you would require compulsory registration under GST. You will need to get yourself registered under GST.

Is GST applicable on books?

Though books continue to remain exempt under GST, but inputs such as printing, binding and royalties to authors now attract tax at 12 per cent. Since the publishers don’t get input tax credit, they now propose to pass it on to customers.

Do I need GST to sell ebooks?

No. You do not have to register for GST. Kindle ebooks are sold through KDP. They ask for your personal India tax info NOT GST.

How do I become a seller without 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. You has to take GSTIN even if turnover is less than Rs. 20 lakh.

Can I sell on Meesho without GST?

Details or Documents Required To Sell On Meesho. Because, on one side, you can even sell products without GST. We can consider this platform as a B2B eCommerce portal, where you can either become a reseller by selling other’s products or you can sell your own products to those resellers as well.

Is GST required to sell books on Amazon?

If you are selling books and nothing else, you can manage without GST. Otherwise GST is essential. According to government rules no GST is required if the turnover is under 20 lacs but neither flipkart nor Amazon adheres to these standards.

Is there GST on book royalties?

A: Based on the facts, GST is payable on both the one-off payment and the previous ongoing royalties. GST is payable when an entity makes a taxable supply.

Do you pay taxes on books?

Books printed on paper are subject to sales tax, but electronic books are not. Digital goods are not tangible, so sales tax generally does not apply to them.

Can I sell ebooks on Amazon without GST?

Can i do that? If you are selling books and nothing else, you can manage without GST. Otherwise GST is essential. According to government rules no GST is required if the turnover is under 20 lacs but neither flipkart nor Amazon adheres to these standards.

Do I need to register for GST for book business?

If not an existing registered dealer then books are exempt from GST but not the stationary, so after 20 Lacs supply, you need to register with GST. If your turnover is over 20 lakhs , then you have to register and pay GST. However if you are dealing only in books such as text books or books for the disabled (which are exempt)

Why do we need to register under GST?

So, the requirement for registration arises from the provisions of section 22 of the act, which says if any taxable supplies of goods or services is made from a state then registration is required in that state only. Why GST registration is required?

Is it possible to sell online without a GST number?

These platforms also do not allow to register without a GSTIN. There is no special type of registration required for selling online. A person who already has GSTIN need not take another registration. There is also not any requirement for intimation/notice/change in registration. But such person has to take registration under normal scheme.

What does GST mean for e-commerce businesses?

One of the most important things the GST law did was reduce the taxes on very small businesses. Companies that bring in less than Rs 20 lakh, or Rs 10 lakh in northeastern states, do not need to pay GST. As an e-commerce business owner, this threshold doesn’t apply to you. Under GST, all online sellers must register and pay GST.