Doing the books of accounts for an e-commerce seller is different from maintaining traditional books of accounts. It gets further complicated if the e-commerce seller is located outside India like Ebay, Etsy etc.The final books of accounts should match with the GST returns along with the running balance with the
Mandatory Registration under GST for Ebay Sellers Ebay is an e-commerce company registered outside India. It doesn’t have any place of business in India. But Indian sellers can register themselves on this platform & can sell their products outside India & ship internationally. As Ebay sellers are located in India and
Ebay Commission Charges For each fulfilled order Ebay charges commission from sellers. Now question arises whether GST under RCM is payable on such a commission as Import of service ? As per Section 2(11) of IGST Act, Import of service means supply of service where: – Now, we need to
An Income Tax Return (ITR) is a form that enables the taxpayer to declare his income, expenses, tax deductions, investment, and taxes. There are a number of reasons why filing an income tax return becomes crucial for a taxpayer, such as carrying forward losses, claiming an income tax refund, or
Applicability GST Department charges late fees on delay in filing GST return. Section 47 of CGST Act governs the late fee on various GST Returns which is updated time to time via notification by the GST Department. Late Fee on GSTR-1 and GSTR-3B Turnover in Previous Financial Year Per Day Late
Applicability When any person purchases an immovable property (like land, building, flat etc) from an NRI (Non-Resident), TDS is required to be deducted on the amount of the capital gain, arising to such non-resident as per Section 195 of the Income Tax Act. Note: – TDS is required to be
Freelancers working with international clients on platforms like Upwork, Freelancer.com, or through direct contracts.
Businesses selling on platforms like Amazon, Flipkart etc and having multiple GSTINs along with stock transfers.
Dropshipping businesses selling within India or internationally through Shopify, personal websites, or social media.
Businesses exporting goods from India via eBay, Etsy etc.
Standard businesses dealing in goods or services.
Individuals working on ships in foreign & Indian waters.
Non-resident individuals having income in India
Standard IT return for individuals, HUFs, LLP and Pvt Ltd
Services like TDS return, Form 26QB, GST Refund etc
TaxAdda, as the name suggests, it’s an adda for all the tax needs of small and medium businesses. I started TaxAdda as a blog in 2011. After a couple of years and with a lot of user engagement, started selling services to customers all over India.
Currently, our team size is 6, and all of them are working remotely. We closed our office and shifted to a work-from-home concept after the COVID lockdown.
We have served more than 1,000 customers till now and have a customer base of around 75 regular customers all over India for various services that fall under GST, Income Tax, Accounting, etc.