Does shopify needs 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.