GST Registration Number Mandatory For Sellers Registered on Amazon India
The Finance Ministry recently notified Tax Collection at Source (TCS) at the rate of 0.50 percent of the net value of intra-state taxable supplies made through the e-commerce portals by other suppliers in the Central Tax law. A similar provision will soon be introduced by all the states, which will ensure a 1 percent collection of Tax at source by E-Commerce Marketplaces. Recently Amazon India notified all the sellers registered on its platform to furnish GSTIN. Failure to do so will result in suspension of seller account on Amazon India and there will be no customer order available to these sellers.
Many Sellers have received the following email from Amazon India. Here Sellers are asked to submit a GST Registration Number to be able to sell on Amazon India.