Compliance Checklist for Amazon sellers - Time to stay compliant and stay ahead!

As per the Goods and services tax regime, every business that indulges in supply of goods and services cannot be registered as a normal taxpayer. The GST guidelines state that the business whose turnover exceeds a mandatory threshold must register under the GST. If you are new to GST and its compliance, here are the mentioned thresholds for a good and service supplier.

For the suppliers who indulge themselves in a complete supply of goods

Aggregate turnover
Registration neededRemarks
When turnover exceeds INR 40 lakhs Yes, it is necessary for all the Normal states. Kerala and Telangana are not included
When turnover exceeds INR 20 lakhs Yes, it is necessary for all the Normal states. State excluded: Assam, Himachal Pradesh, Jammu and Kashmir
In other cases
When turnover exceeds INR 20 lakhs Yes, it is necessary for all the Normal states.
When turnover exceeds INR 20 lakhs Yes, it is necessary for all the Normal states.

  • GST registration is a requirement if you are a seller or willing to become a seller on Amazon. But you do not need GST registration if you are selling any product, an Amazon that exempts from the GST categories.

  • GST registration is not only a mandatory requirement for your business, but it also does offer you several benefits. One of GST registration❜s greatest benefits is an easy input tax credit of the GST that you have paid in any business purchases. So, if you want to register your GST, here are the checklists that will help you stay compliant.

Raising Invoice under GST

The GST Act defines all the necessary contents and rules for raising an invoice. In a business, an Invoice is a bill that states the list of goods sold with the amount. So, any entity/business that registers itself under GST must provide their GST compliant invoice. Usually, there are two types of invoices that come under GST. It includes

1- The tax invoice
2- And the bill of supply

The tax invoices are usually the GST department❜s summary to charge the tax and pass on the input tax credit.
In case if you supply goods, you have to produce three copies of the invoice

1-Original for recipient,
2- Second copy for transporter,
3- Third copy for the supplier

And if you supply services, you need to produce two copies of invoices

1- Original for recipient
2- Second copy for supplier

Document required for filing GST

1- Credit notes
2- Debit notes
3- Tax invoice
4- Bill of supply
5- Payment voucher
6- Recipient voucher
7- Refund voucher
8- Delivery challan

Timelines and last date for filing GST returns

As per the GST regime, there are specific timelines for filing your GST returns. So, if you are filing your GSTR-1 form, you must file it within the 11th of the following month. Similarly, for GSTR 3B, it is the 20th of the upcoming month. And GSTR-9 form, along with the reconciliation statement, needed to be filed in form 9C within 31st December of every financial year.

Now that you know the due dates, you must file your GST within the due dates. This is because late filing will help you liable for paying fine. Hope this article has helped you know about GST and its compliance.

Important: Please note that the information on this page / site is provided as general information for better understanding for the user and does not constitute tax, legal, or other professional advice and must not be used as such. Please consult your professional adviser(s) if you have any questions / doubts regarding the above.

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