If you're selling stuff on Flipkart, adding your GST number is very important. It helps with keeping things legal for taxes. You can also get back some taxes you’ve paid (that’s called input tax credit, or ITC), plus it makes things easier for folks buying from you. Here’s a simple way to get it done.
Why is GST Important?
GST stands for Goods & Services Tax, and it has combined a bunch of older taxes in India into one simpler system. Therefore, obtaining a GST number offers significant advantages:
- Tax Compliance: Flipkart needs your valid GST number to follow tax rules right?
- Input Tax Credit (ITC): If you're registered under GST, you can claim back taxes on what you buy.
- Professionalism: Having a GST number makes your business look more trustworthy and helps out when invoicing other businesses.
Add GST Number in Flipkart Account
Here’s how to put your GST number in your Flipkart seller account:
- Log into Your Flipkart Seller Account: Go to the Flipkart Seller Hub and sign in using your email, phone number, and password.
- Navigate to the ‘Account Settings’: Once you're logged in, find the 'Account Settings' in the top right corner of the page.
- Access the GST Information Section: In your account settings, look for 'GST Information.' That’s where you'll add or change your GST number.
- Enter Your GSTIN: Type your 15-digit GSTIN carefully! Check twice to make sure it matches up with the name and address linked to your GST.
- Upload Your GST Registration Certificate (if required): Some businesses might be asked to upload a copy of your GST registration certificate. Have a scanned copy handy just in case.
Once you have entered the GSTIN and uploaded the relevant documents (if required), save the changes. Flipkart will typically take some time to verify the details, but once verified, your GST number will be linked to your account.
What if You Need to Update or Change Your GST Number?
If you've got to change the GST number already linked:
- Head back to Account Settings like before.
- Update Your GST Number: Take out the old one and put in the new.
- Upload the necessary documents: You may need to share some updated paperwork if you’re changing it out.
- Save and Wait for Verification: Save what you changed and wait for Flipkart to verify!
Things to Keep in Mind When Adding Your GST Number
- Ensure Accuracy: Make sure that the name and address match what's on record for your GST! If not, you could run into issues.
- Verification Time: It may take them a few hours to a few days to verify everything. No worries though; keep using your account as normal while waiting!
- Claiming Input Tax Credit: After adding and verifying your number, you can begin claiming credits for items purchased on Flipkart.
FAQs on Adding Your GST Number in Flipkart
1. How can I add my GST number while making a purchase on Flipkart?
To add your GST number while purchasing on Flipkart, follow these steps:
- During checkout, go to the ‘Order Summary’ section.
- There, you will see an option to ‘Add GST Number’ if your order qualifies for a GST invoice.
- Enter your 15-digit GSTIN and click on ‘Apply’.
- Once verified, the GST number will be linked to your order, and a GST invoice will be generated.
2. Can I add my GST number after placing an order?
No! You can’t update it once an order is placed better do Add your GST number before buying.
3. What if my GSTIN gets rejected?
Check if it's typed right and try again! If that doesn't help, reach out to Flipkart support.
4. Do I need a separate GST number for every product?
No! Just add it once in your account it goes for all products.
5. Can I sell without a GST number?
If your annual turnover exceeds the threshold limit for GST registration (currently ₹20 lakhs for services and ₹40 lakhs for goods), you must register for GST. Otherwise, you can sell without a GST number, but you will not be able to claim input tax credit.
6. How do I update my business address linked to my GST?
Change it on the official GST portal first and then update it in your Flipkart settings.
7. Can I register for GST through Flipkart?
No! You’ve gotta go through the official portal first then add that info into Flipkart.
Adding your GST number on Flipkart is a straightforward process that ensures tax compliance, allows for smooth transactions, and helps in claiming input tax credits. By following the steps outlined above, you can easily add or update your GST number in your seller account, making your business operations more streamlined and professional. If you encounter any issues during the process, Flipkart support is available to assist you.
For more info about following the rules with GST, check out thegstco.com.