Online shopping platforms such as Flipkart as well as Amazon have contributed to the rise of e-commerce over the last few years. In terms of selling online goods within India, Flipkart is one of the most well-known online sellers in the country. At the present, Flipkart handles more than 5 million parcels per month and has an average of over 80 million views each day.
So, anyone who is interested in becoming a Flipkart seller has an excellent chance. If you’re also planning to sell on Flipkart you need to know specific things. In this article, you’ll be able to learn more details about GST Registration for online Sellers on Flipkart and Flipkart Seller Registration.
Do you require GST registration to sell on Flipkart?
Yes is the correct answer to this question.
GST registration is essential for the digital marketing of your Flipkart products. In order to set up an account on Flipkart, you must provide your GSTIN which is only available after you have successfully completed your GST registration in India.
Important note: Selling products online doesn’t require particular registration. In the event that you have already registered a GSTIN, you do not need to register again. Furthermore, there’s no requirement to inform the registrar of any changes in your registration.
GST Return Filing for Sellers on Flipkart
The regulations for the filing of GST returns for online merchants are the same for offline retailers.
GST Return File Filing is required for sellers on Flipkart even when there aren’t any transactions. There are penalties for failure to complete a tax return even if it’s a “NIL.”
Who Is Responsible For GST Payments on Flipkart?
Who pays GST is a frequent issue among sellers who are first-time. It could be Flipkart or the individual selling through its platform. If a seller is involved in an order, he or they are responsible for the payment of GST for the sale.
In essence, the idea is that the seller is selling directly to the consumer. Flipkart serves as an intermediary to take commissions. Also, to put it in another way, Flipkart isn’t responsible for paying GST. GST.
Input Claims and Commissions on Flipkart
The commission is paid by Flipkart to the sellers who would like to sell their products there. The amount charged varies according to the various factors and the product.
In general, an 18 percent GST commission is to be paid by the platform. In addition, sellers can take advantage of the tax on input credit in lieu of GST.
Shipping, as well as advertising services, are also invoiced through Flipkart. You are able to claim credit for these expenses.
Invoicing the Customer on Flipkart
As stated previously the vendor directly delivers the item directly to the client. This means that the seller is required to give the client the customer a GST invoice that contains information such as the client’s GSTIN and the name of the customer and address, the product’s specifications, the amount price, and the GST amount.
Flipkart allows customers to create invoices right through their platform. Print the invoice, send it along with the product and you’re done.
Additionally, you can make use of other invoice platforms like InstaBill to efficiently create invoices.
The business can begin selling their products through the Flipkart platform once they have provided the above-mentioned information such as registrations, documents, and registrations. Once you have completed the Flipkart sellers registration, firms can open a storefront and start selling products on Flipkart. In addition, you must be in compliance with the e-commerce tax rules when you register with Flipkart.