Storage Renewal Billing CGST refers to the Central Goods and Services Tax (CGST) that's applied to storage renewal services on Amazon in India. If you're a seller using the Amazon storage solutions, like Fulfillment by Amazon (FBA), this charge kicks in when you renew those services.
CGST is part of India's GST system, and it usually accompanies State Goods and Services Tax (SGST). Both of these taxes are applied to services provided within a state, including storage services.
So, for instance, if you’re using Amazon's warehouse to store your products and decide to renew that storage, you’ll see CGST included in your invoice along with SGST.
Say goodbye to manual data entry! Let Synder automatically sync your Amazon sales data into QuickBooks, Xero, or Sage Intacct. Book a 1:1 demo with an expert to uncover how Synder can benefit your business. Accurate automated bookkeeping is just one step away!
