Do I need GSTIN to sell on my own website?
Short Answer:
If your annual turnover does not exceed the GST registration threshold limit, you are not required to obtain a GSTIN to sell on your website. This means you can sell without charging GST to your customers. However, it’s important to keep track of your turnover as it may change over time and require you to register for GST in the future.
The threshold limit for GST registration is Rs. 20 lakhs for most states in India, but it can vary depending on the state and the nature of your business.
In India, if you are selling goods or services that are subject to Goods and Services Tax (GST), you will need to obtain a GSTIN and register for GST if your annual turnover exceeds the threshold limit, which is Rs. 20 lakhs for most states.
- This applies regardless of whether you are selling on your own website or on a third-party platform.
- However, if your turnover is below the threshold limit, you can still register voluntarily for GST, which can be beneficial in certain situations, such as if you want to claim input tax credits on your purchases. Therefore, it’s important to determine whether your business is subject to GST and whether your annual turnover exceeds the threshold limit to determine whether you need to register for GST and obtain a GSTIN.
The answer to whether you need a GSTIN (Goods and Services Tax Identification Number) to sell on your own website depends on a few factors.
If you are selling goods or services that are subject to GST, then you will need to obtain a GSTIN and register for GST in India if your annual turnover exceeds the threshold limit. The threshold limit for GST registration is Rs. 20 lakhs for most states in India, but it can vary depending on the state and the nature of your business.
So, if you are selling goods or services that are subject to GST, and your annual turnover exceeds the threshold limit, then you will need to obtain a GSTIN and register for GST. This applies regardless of whether you are selling on your own website or on a third-party platform.
It’s important to note that even if your turnover is below the threshold limit, you can still register voluntarily for GST. This can be beneficial in certain situations, such as if you want to claim input tax credits on your purchases.
In summary, if you are selling goods or services that are subject to GST and your annual turnover exceeds the threshold limit, you will need to obtain a GSTIN and register for GST, whether you are selling on your own website or on a third-party platform.