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#Post#: 131--------------------------------------------------
On-Line Business
By: Mages Date: July 21, 2017, 8:28 pm
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Question
My friend runs an on-line Business with his family to sell Cakes
and Pastries
They did not register any company and all cash transactions only
Business is good
Local sales and overseas sales
All transactions via internet
Do they need to charge GST if sales > 500K
Who is going to track the sales when there is no Invoice issued
#Post#: 156--------------------------------------------------
Re: On-Line Business
By: NSelvam Date: July 26, 2017, 9:57 am
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Interesting question
What is e-commerce?
Electronic commerce (e-commerce) is the use of computer networks
to
engage in commercial activities. Businesses use e-commerce to
buy and sell goods
and services, create greater corporate awareness, and provide
customer service.
While many consider e-commerce to be synonymous with trading on
the Internet, the
actual scope is far greater. E-commerce encompasses all kinds of
business actions,
including transactions pertaining to the buying and selling of
goods (‘mail order’
types of transactions), various kinds of services and digital
information transfers
(image, audio, text and software), all of which are conducted
electronically using the
internet, in order to improve the efficiency and effectiveness
of market and business
processes
Read the Guide by KASTAM GUIDE ON E-COMMERCE
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