GSTIN is an unique 15-digit Identification Number assigned to a dealer or supplier, under the GST regime. GSTIN is a mandatory document to register on eBay as a seller.
Who should register for GSTIN
- Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
- Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)
- Casual taxable person / Non-Resident taxable person
- Agents of a supplier & Input service distributor
- Those paying tax under the reverse charge mechanism
- Person who supplies via e-commerce aggregator
- Every e-commerce aggregator
- Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
*CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019
Benefits of GSTIN Registration:
- Removing the cascading effect of tax
- Elimination of Multiple Taxes
- Easy Tax Filing & Documentation
- Composition scheme for small businesses
Required Documents for GSTIN Registration:
- PAN card of the applicant
- Aadhar card of the applicant
- Proof of business registration or Incorporation certificate
- Identity and Address proof of Promoters/Director with Photographs
- Address proof of the place of business
- Bank account statement/cancelled cheque
GSTIN Registration:
- Visit on: https://www.gst.gov.in/ and complete the registration process