Did you know India’s e-commerce market is expected to reach US$99 billion by 2024? This makes India the second-largest e-commerce market, just behind the US. As the digital market grows, so does the need for tax compliance. The GST registration process for e-commerce operators is now essential for legal and smooth business operations. The Central Board of Excise & Customs (CBEC) has set up special rules for e-commerce GST registration. This is because the sector is growing fast and has complex tax issues. If you sell online or plan to start an e-commerce business, knowing these rules is crucial for your success. Now, e-commerce business tax compliance is a must. Section 24 of the Central Goods and Services Tax Act, 2017 requires all e-commerce operators to register for GST. This includes collecting a 1% tax on each transaction, except for exempted goods and services. As an e-commerce operator, you must collect Tax Collected at Source (TCS) at a maximum rate of 1% on the ne...
In India, every Food Business Operator (FBO) must get an FSSAI registration or license to run their food business legally. This applies to anyone making, selling, moving, sharing, or storing food products. The Food Safety and Standards Authority of India (FSSAI) makes sure all food is safe and meets quality standards. The FSSAI registration gives a 14-digit number that shows where the food comes from and the producer’s permit. It’s key for businesses like restaurants, bakeries, hotels, cloud kitchens, and food stalls. It protects both customers and food business owners. Key Takeaways FSSAI registration is a must for all food businesses in India, covering manufacturers, distributors, and retailers. The FSSAI registration number is a 14-digit code that shares info on the food’s origin and the producer’s permit. There are three FSSAI registration types: Basic Registration, State License, and Central License, based on the business’s yearly sales. Get...