Selling Online or creating a business online with GST is difficult as you cannot scale your business when you are closed in your fixed compliances not on yearly basis but on monthly basis. Creating a business online without GST is an essential thing now adays and people too look out for creative ways of doing business doing their own manufacturing from home , doing drop shipping or buying and selling on commission basis where they are required to pay GST .
If you are looking for options to start your own business to run online without a GST Registration , then in this article we shall be sharing some of the portals and business products and ideas which you can start without requiring any GST number .
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Online Selling without GST
Online selling without GST does not mean that you can start business in 2024 , without any legal registration but you must require a shop registration number , trademark or other licenses to start a business. For sales more than 40 lakh or a particular threshold above as per GST act it becomes mandatory for every business to obtain a GST registration to run a business.
Selling without GST is easy and you need not to be a GST expert to know about whether a business can be run without a GST registration or not . Selling a product without GST would either mean that you should sell a product which is GST EXEMPTED or either an export business or either a business with turnover below 40 lakh for a year.
Also read : Why you should not trade in Market based on Quarter Results ? – India Share Market Wealth Creation
What you can sell Online without GST ?
There are number of products which you can sell online without GST :
- Unpacked loose products
- Tax exempted products
You can check a list of products which can be sold without GST from the exclusive post from Vakilsearch Online.
How much you can Earn Online without GST ?
There is an unlimited earning potential to earn online without GST requirement . If you do not obtain a GST Registration number you can still your products on different marketplaces like Amazon , Meesho or other India or foreign marketplaces.
Which is better Business without GST or Share Market Trading Online ?
Running a business is the only source of generating a right monthly revenue rather than trading in the share market . Share market is only for long term investing and generating gains in long time . If you consider trading with your money in share market then based on the observation of numerous experts only about 1% of the traders receive profits in the market while others loose every year.
Platforms where you can start your business online without GST ?
There are number of platforms where you can start your own business journey online :
- Meesho
- Amazon ‘
- Flipkart
- Shopsy
- Etsy
- WordPress Website
- Indiamart .
Also read : Online GST Filing Arbitration Business in India – Making Business out of Digital Compliance Business Online
Without actually procuring a product or manufacturing you can still start a business online without acquiring the product.
Hope ,in this article you will get to know how you can start a business online without GST . If you have any queries you can ask us down in the comment section below.