GST Returns
3 months ago
I am allotted GSTIN as an e-commerce reseller. But I haven't started selling products yet. Should I file returns(monthy)? I got GSTIN on 27/12/2023
A.Dear Sir,
Your question will be asked to any expert who is dealing with GST matters normally Advocates do not deal such matters.
Your question will be asked to any expert who is dealing with GST matters normally Advocates do not deal such matters.
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A.Dear Client,
If you have been allotted a GSTIN as an e-commerce reseller but have not yet commenced selling products, you may not have any taxable supplies to report. In such cases, filing GST returns might not be necessary until you initiate business activities.
However, it's crucial to keep an eye on the threshold limits for mandatory GST registration and filing. Once your aggregate turnover exceeds the prescribed threshold, you must comply with GST filing requirements. For regular taxpayers, the threshold is Rs. 40 lakhs (Rs. 10 lakhs for special category states) for the supply of goods.
Since you received your GSTIN on 27/12/2023, you may not have met the annual threshold by the end of the financial year 2023-24. Nevertheless, as soon as you start making taxable supplies, it is advisable to consult with a tax professional or CA to ensure compliance with GST filing obligations. They can guide you on the appropriate time to initiate filing based on your business activities and turnover.
Thankyou
If you have been allotted a GSTIN as an e-commerce reseller but have not yet commenced selling products, you may not have any taxable supplies to report. In such cases, filing GST returns might not be necessary until you initiate business activities.
However, it's crucial to keep an eye on the threshold limits for mandatory GST registration and filing. Once your aggregate turnover exceeds the prescribed threshold, you must comply with GST filing requirements. For regular taxpayers, the threshold is Rs. 40 lakhs (Rs. 10 lakhs for special category states) for the supply of goods.
Since you received your GSTIN on 27/12/2023, you may not have met the annual threshold by the end of the financial year 2023-24. Nevertheless, as soon as you start making taxable supplies, it is advisable to consult with a tax professional or CA to ensure compliance with GST filing obligations. They can guide you on the appropriate time to initiate filing based on your business activities and turnover.
Thankyou
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