How Company Taxation Works for eCommerce Businesses in India in 2022
Starting an online store in India is now quite simple. Almost anyone can create a website and start accepting online payments in less than a week thanks to technology and simple website builders like Shopify. Of course, joining internet bazaars like Etsy and Amazon is another very substantial alternative. A tax consultant in Kolkata warns that there are hundreds of businesses that refrain from selling online because they think it is expensive and there are heavy tax liabilities that will hardly allow them to generate any revenue. But that is not true. Compared to offline enterprises, setting up an eCommerce business in India is far less expensive, easier, and more profitable. Regardless of the platform or methods you choose to sell your products online, you must be aware of your tax obligations and the deadlines for filing them. Get a head start on this article. What Is the Status of an eCommerce Business in India? It starts with Sec. 2(44) of the CGST Act, 2017, which de...