Hi,

Could you please help me to make decision whether I should have TIN or not to my small business

I am planning to sell some basic product in some E-commerce website and monthly turnover will be <10000 at the beginning, as of now I don't want any commercial space to sell, because it's online platform and small investment but to sell in any E-commerce website they are demanding TIN number.

 

could you please suggest me what I need to do in this case.

 

Thanks in Advance.....

Posted 3 years, 5 months ago by Dileepa HE


Your Turnover is less than rs 10 lakhs so you don't need to take vat registration

but e-commerce webiste makes it mandatory to have vat tin number so you have no option you have to take registration if you want to sell on any e-commerce website

Posted 3 years, 5 months ago by Saurabh Z


Thank you so much for your valuable information.

And one more thing,in this case, is I can take the TIN number by giving residential Address?

or it has to be a commercial space?

Posted 3 years, 5 months ago by Dileepa HE


I have VAT and CST, however my sales last month through E-commerce sites is less than INR 50000. Do I still need to file VAT/CST?

Please advice

Posted 3 years, 5 months ago by R Shetty


Hello Dileepa,

 

You should have commercial space for TIN registration..for more details pls drop a mail info@meeqindia.in

 

Regards

AMAR

MEEQ ADVISORS

AUDITORS | ADVISORS | TAX PRACTITIONERS | TRANSACTION SERVICES

91+9739889226

Posted 3 years, 5 months ago by AMARNATH M


Hello Shetty,

 

For E commercial business its mandatory for VAT / CST Number ..without VAT/CST u con't sell any products via e commerce

For more details pls drop a mail info@meeqindia.in

Regards

AMAR

Meeq Advisors

Auditing | Advisory | Tax Practitioners | Transaction Services |

91+9739889226 |  info@meeqindia.in | www.meeqindia.in |

Posted 3 years, 5 months ago by AMARNATH M


Hi Amar - Seems like you didnt get my question here. I already have a VAT/CST. My question is should I file declare VAT/CST for the previous month where my overall sales was lesser than INR 50,000 or can I just file NIL returns since it does not meet the threshold.

Thank You

Posted 3 years, 5 months ago by R Shetty


Hi Shetty,

 

You need to declare every month sales & purchase either x amount or nile ..but its mandatory to file returns every month before due date ..20th is every month due date to file the return.

 

Regards

AMAR

91+9739889226

Meeq Advisors

 

 

Posted 3 years, 5 months ago by AMARNATH M


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