Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Tax for E-Commerce Sellers Under Income Tax and GST
2 mins
2.3KWhat is the tax for e-commerce in India? E-commerce sellers are liable to pay GST, while TDS under GST is cut before they receive their dues from the aggregator (Eg. Flipkart, Amazon) through which they sell.
What is e-commerce as per GST rules? As per the Model GST Law , e-commerce means receipt or supply of goods or/and services or transmission of data or funds over an electronic network.
Who needs GST compliance for e-commerce? GST compliance for e-commerce is required regardless of the turnover, unlike for brick-and-mortar businesses. All traders selling goods and services online need to register for GST.
What is the rate of TDS for e-commerce sellers? E-commerce aggregators (Amazon, Flipkart, etc.) deduct a 1% tax on every transaction. Sellers receive payments after deduction of this tax.
What is the purpose of TDS under GST for e-commerce? The objective of TDS under GST for e-commerce is to increase compliance amongst e-commerce dealers. Aggregators need to deposit the tax deducted by the 10th of the next month. Another objective is to check tax evasion as TDS deductions leave behind a trail of transactions which become more comfortable to track for authorities.
How does TDS increase GST compliance for e-commerce sellers?
- Sellers who aren’t registered for GST cannot claim credit of TDS
- TDS under GST for e-commerce leaves behind a trail of transactions, which can then be easily traced by authorities.
How can e-commerce sellers claim credit of TDS? E-commerce sellers can claim credit of TDS on the official GST portal via the ‘TDS and TCS credit received’ Form.
When can you file the ‘TDS and TCS credit received’ Form? There is no mandatory date, but you can file it only once in a month.
What is the rate of GST tax for e-commerce in India? The GST tax slabs applicable to various goods and services offline will be suitable for online sales too.
How does GST tax for e-commerce in India work? Since 2017, GST has replaced all the other multiple taxes from before. GST is a destination-based tax. Everything depends on the place of supply i.e. tax will be deducted at the final place of supply.
What are SGST, CGST, and IGST? State GST, Central GST, and Integrated GST are the different types of GST charged depending on the type of transaction. SGST and CGST are for intra-state sales and IGST is for inter-state sales and imports.
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Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
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Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
This Product is not available for online sale. Life Coverage is included in this Product. For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com For further details please access the link: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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