Does shopify need gst in india

 

Yes, if you are selling goods or services through Shopify in India, you may be required to comply with Goods and Services Tax (GST

) regulations. Here are some key points to consider:

1. GST Registration: If your aggregate turnover exceeds the threshold limit set by the GST Council (which is ₹20 lakh for most states and ₹10 lakh for special category states), you will need to register for GST.

2. Collecting GST: Once registered, you must charge GST on the sale of goods or services and issue GST-compliant invoices.

3. Filing Returns: Registered businesses must file GST returns periodically, which detail the sales, purchases, and GST collected and paid.

4. Input Tax Credit: You may be eligible to claim input tax credits on the GST paid for business-related purchases.

5. E-commerce Guidelines: As a platform, Shopify does not automatically handle GST for your sales. The responsibility for compliance, including registration and remitting GST, lies with the seller.

It's advisable to consult with a tax professional or accountant familiar with Indian GST laws to ensure that you are compliant with all regulations in place.