आपका भी है ऑनलाइन बिजनेस तो नहीं देना होगा डबल टैक्स - Latest News

आपका भी है ऑनलाइन बिजनेस तो नहीं देना होगा डबल टैक्स - Latest News

आपका भी है ऑनलाइन बिजनेस तो नहीं देना होगा डबल टैक्स - Latest News Watch this video :- https://youtu.be/_yyrGp8RR7M India has implemented the largest tax reform policy GST since July 1. Goods and service tax has been the biggest tax reform ever since independence. This tax policy will transform India into a single market. It will also get rid of the tax slabs that are different from GST and it will work to make the passes easier for ecommerce, therefore it is important that the ecommerce sector and the sellers should know about the problems and facilities that come after it is implemented. This will provide relief from the different tax on the same product in the original state and destination state. During the interstate sale, the state of origin is taxing only on sales, but the destination state also imposes tax on the argument that the transaction is being done in its borders. With this, the sellers have to deal with different taxes and their related lawsuits at the present time. GST will ecommerce sellers to get rid of this constant tax filling. Under the new tax policy, whatever state has been done in the cell, but income will be available only to the state. GST will also make it easier for the business to take place in a separate state. Even if GST is applicable, it will prove to be beneficial for online sellers, even though the sellers themselves have to prepare themselves for this.  After GST, the sellers will have to track the composition of the products at the state level, so they should be prepared for the GST's comprehensive compliance.  The State Wise Credit Pool will have to be prepared.  Ecommerce operators are obliged to deposit tax at source for every online cell transaction. There are many such offers in GST, which will have a huge impact on ecommerce. The government has also tried to arrange to avoid them. For example: VAT present in GST ecosystem and Central Value Added Tax Credit (CENVAT) can be extended.  The government has already made it clear that the profit made from the sale will be taken as an outward supply within six months of implementing GST.  In case of intrinsic supply of Goods and Services, the credit will be present under fixed deadline.  Mechanisms will be available for refund of tax and CENVAT, which will be able to use ecommerce sellers. The government is doing every possible help to increase the country's GST towards current tax policies. In this case, Sellers should also pay attention to preparing their strategies according to GST. For this, the sellers should definitely do the things given below.  Sellers must apply the harmonized system of nominature (HSN). So that it can be ensured that the correct GST rate is found on every product. HSN is an international standard arrangement of the products to trade products.  It is also necessary to do the correct filing of the time before the GST is implemented. The credit balance figures should be accurate in this.  It is also necessary to prepare the invoices of goods and services supplied under the time limit and recover the appropriate tax on them.  To prepare an input tax invoice within the time limit so that it should be ensured that there is no credit leakage.  To ensure that there is no problem in getting the loan, you must ensure that you submit all government forms related to ecommerce and fill them on time.  Prepare invoice for vendor advance payments. They have to keep the full account of their books too. Like us on FB: http://ift.tt/2sPnoWw Follow us on Pinterest: http://ift.tt/2skUIkH