Who is an aggregator in GST?
An aggregator is a person who owns and manages a web based application and enables a potential customer to connect with persons providing services of a particular kind under the brand name of the aggregator.
What is ecommerce aggregator?
An aggregator model is a form of eCommerce in which a website does not store or warehouse its own goods, but rather collects, or aggregates, information on several goods and services and conglomerates them into a single platform.
What is the difference between aggregator and marketplace?
The marketplace model has a brand but in that multiple vendors sell their products under their own brand names. For instance, Amazon is a brand of marketplace model but in that, the multiple sellers sell their products with their own name. But in Aggregator model, all services are provided under one common brand name.
When an e-commerce operator is required to registered under GST?
1) Selling goods – Such sellers are required to get registered under GST even if there turnover is less than the threshold limit of Rs. 40/20/10 lakh. It means they are required to register before selling through the e-commerce platform.
What is an e-commerce transaction?
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
What is e-commerce registration?
E Commerce Registration India on an established portal such as Flipkart, Amazon, Paytm (For Products), For Services you can register on Company That offer that services such as (Urban Clap, Just Dial ) for services. Start your e-commerce platform by creating your own e-commerce portal (website)
How do aggregators work?
Aggregator promises them more customers and proposes a partnership plan. Aggregator builds up his own brand and tries to attract customers through many marketing strategies. Customers make purchases through the aggregator. Partners get the customers as promised.
What is a product aggregator?
Product aggregators use product level data from an API or product datafeed to populate their websites with detailed information relating to the products they are advertising. For example a fashion website which lists out shoes and displays the name, price, image, description and link through to the advertiser.
What is an aggregator marketplace?
Aggregators, just like a marketplace, are big brands that provide offering under their own brand name. The sellers are their partners but, unlike marketplace, sellers don’t sell under their own name. Offerings are sold under the name of the aggregator and hence the price/price-band is determined by the aggregator.
Can e-commerce operator take ITC?
It amounts to support services, falling under Tariff heading 9985, and shall attract GST at the rate of 18\%. The tax shall be charged in the invoices raised against supplier of goods or services; and such suppliers can avail ITC on such GST charged, if otherwise eligible.
Should an e-commerce operator get registered?
Question 3: Is it mandatory for e-commerce operator to obtain registration? Answer: Yes. As per Section 24(x) of the CGST Act, 2017 the benefit of threshold exemption is not available to e-commerce operators and they are liable to be registered irrespective of the value of supply made by them.
What are the requirements from an e-commerce operator under GST?
All e-commerce operators are mandatorily required to register under GST irrespective of their turnover. An e-commerce operator is a person who owns, operates or manages digital or electronic facility or platform for electronic commerce. The requirements from an e-commerce operator under GST are –
What is the difference between an aggregator and an ecommerce operator?
The major difference between the two is that while an aggregator(Ola) only connects the customer with the supplier/service provider, whereas an ecommerce operator(Flipkart) facilitates the entire process of the supply of goods/provision of service.
What is the difference between aggregator and operator under GST?
The revised Model GST Law has removed definition of aggregator and it seems the definition of operato will cover even aggregators. Earlier Model GST Law laid different definitions and provisions. However now there seems no difference between an aggregator or an operator.
What is the meaning of e-commerce operator?
And defines electronic commerce operator as – “Electronic Commerce Operator means any person who owns, operates or manages digital or electronic facility or platform for electronic commerce” As per the above definition a person who is providing a platform for others to sell goods or services is considered an e-commerce operator.