- CBIC will propose a GST scheme to cut compliance for small e-commerce sellers by allowing single-state registration instead of separate registrations in every state.
- The state where a seller is registered would handle audits and compliance checks.
- The move is meant to help micro-suppliers expand nationwide without needing physical presence or warehouses in each state.
- It also aims to reduce disputes over ITC and TCS refunds between e-commerce platforms and sellers.
- E-commerce platforms would support KYC, transaction reporting, and data reconciliation for seller verification.
Source: moneycontrol.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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