Usually there are two types of eCommerce platforms. It includes:
Ecommerce market place- This is a market place where a single platform sells all the items via different sellers. It is an entity that owns operates and manages the online selling of various goods.
Supplier- they are usually sellers who supply goods and services in an Ecommerce platform.
GST return filing for sellers and operators in Ecommerce business
1- The sellers who enroll themselves in any eCommerce platform should also register themselves Under the Goods and Service Tax.
2- The suppliers and operators have to file various GST forms for eCommerce.
3- Unlike other business that is nor eCommerce there is no threshold limit for eCommerce supplier and businesses.
4- All the eCommerce businesses come under GST compliances. So no matter whats the value of the supply they must file their GST online.
5- GST return form will include all the data about trades like sales purchases output income tax credit and many more. Thus you have to file all the details accurately.
Forms for GST return filing of e-commerce operators and sellers
All the eCommerce suppliers must file their GST compliances using the GSTR-1,GSTR-2,and GSTR- 3 forms. All these forms are filed every month. However there are other GST forms that the suppliers must file annually And that is GSTR-9.
On the other hand the e-commerce operators must file their GST returns in GSTR-8 form. This is monthly compliance that every eCommerce operator has to file.
Knowing about various GSTR forms
GSTR-1
1- Itis a monthly form filed for every sales/ outward supply
2- Allthe businesses that are enrolled under GST must file GSTR-1
3- The due dates to file the GSTR-1 form is the 10th of every month
GSTR-2
1- The GSTR-2 form is a monthly return form for all the inward supply of goods and services during tax duration.
2- Filing of this return form makes an eCommerce supplier eligible to obtain the input tax credit. Here the suppliers can also claim a refund for the tax paid on the purchases. They can even that much of amount from the tax payable for outward supply.
3- The due dates for filing the GSTR-2 form is 15th of every month.
GSTR- 3
1- It is a monthly return form that includes all the data about tax liabilities. It also contains information about tax accumulated for outward supplies and tax paid for inward supplies.
2- This filing process is an auto-populated process via GSTR-1 and GSTR-2 of the enrolled person.
3- The last date for filing the GSTR- 3 is 20th of the coming month.
GSTR-8
1- GSTR-8 is one of the most crucial forms.
2- It is a report that needs to be filed every month along with all details supplies made to all customers.
3- Due dates for filing this form is 10th of every month.
GSTR-9
1- All the taxpayers who enrolled under the GST must file this form. It also includes eCommerce sellers and operators.
2- It includes all the details about supplies made and received in a tax year.
3- It includes all the data supplies made and received during a tax period under various heads.
4- The due dates for filing the form is 31st December of every year.
