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Exemption from GST Registrations to Small Online Businesses admin July 4, 2022

Exemption from GST Registrations to Small Online Businesses

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Important Update

Exemption from GST Registrations to Small Online Businesses 

  1. The GST Council has decided to exempt small businesses selling products on e-commerce platforms from compulsory GST registration. Exemption shall be applicable to those entities which have an annual turnover of less Rs 20 lakh and those not making any inter-state taxable supply

          The modifications will come into effect from January 1, 2023. 

The Council has provided the “waiver of requirement of mandatory registration under section 24(ix) of CGST Act for  person supplying goods through ECOs, subject to certain conditions, such as - a) the aggregate turnover on all India all basis does not exceed the turnover specified under sub-section (1) of Section 22 of the CGST Act and notifications issued thereunder; b) the person is not making any inter-state taxable supply.”

  1. The Rs 40 lakh threshold exemption for intra-state sales has also been extended by the Council providing major relief to MSMEs and enabling more sellers to make the shift from online to offline.
  2. GST Council has also extended the Rs 1.5-crore threshold under the composition scheme to online sellers. The Council has also allowed composition taxpayers to make intra-state supply through e-commerce operators (ECOs). The details of the scheme will be worked out by the Law Committee of the Council. 

The scheme would be tentatively implemented with effect from January 1, 2023, subject to preparedness on the portal as well as by ECOs.

Composition dealers are those with a turnover of up to Rs 1.5 crore. They are required to pay GST at flat rates with input tax credit (ITC).


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