Tax details
I am an engineering student. I starts my amazon seller account few days ago. I post some books and DVD s and i sold 2 books till date. What i need to know is that, if i want to pay tax for the amount because i sold 2 books only for less price and i want to know if any limit of amount is there for No tax criteria .
I want to know the demerits of this account for we which it affects my study or not
Tax details
I am an engineering student. I starts my amazon seller account few days ago. I post some books and DVD s and i sold 2 books till date. What i need to know is that, if i want to pay tax for the amount because i sold 2 books only for less price and i want to know if any limit of amount is there for No tax criteria .
I want to know the demerits of this account for we which it affects my study or not
1 reply
Seller_oNUcNLmVtLCdA
Hi
Your Tax(GST) liability will arise even on a single sale for your products. You need to set off your GST liability from your Input Tax Credit of GST with your output liability.
