Is GST compulsory in India For drop shipping Business?
Is GST compulsory in India For drop shipping Business?
This is a very frequently asked question by young Indian enterperure. Glad to answer this. Here are the few reasons why you need to obtain GST Number
1- First of all to accept the payments on your web store you need the Payment and all Indian or international payment gateways need GST Number.
2- Without a GST number, you cannot sell on any marketplace like Amazon and Flipkart.
3- Without GST number you won’t be able to run facebook ads.
4- Without a GST number, you can not contract with any shipping company.
Documents required for GST registration(Sole Proprietorship )
- PAN card
- Details and proof of place of business like rent agreement or electricity bill
- Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch detail
In every city or town, there are several tax lawyers that will help you acquire your GST number for a minimum fee.