If you sell on Amazon, Flipkart, Meesho, Myntra, or your own Shopify store, the 1 April 2026 changes will directly affect your working capital cycle. Here's the plain-English summary.
1. Composition scheme now open (with a catch)
Previously, e-commerce operators couldn't opt for composition. From 1 April, sellers with turnover under ₹1.5 Cr can — but only for supplies made through platforms that collect TCS at 1%. Selling through your own website? You're out.
2. TCS threshold raised to ₹5,000 per transaction
Small orders below ₹5,000 no longer attract TCS. That means Amazon/Flipkart will start passing more to your bank account earlier — but the reconciliation in GSTR-2B just got trickier.
3. Auto-populated GSTR-3B rollout
GSTN's auto-populated 3B is now the default. You can still edit, but any edits >5% variance trigger a mandatory reason field. Expect more scrutiny notices.
What to do this month
- Reconcile GSTR-1 vs 3B vs 2B for FY 25-26
- Move eligible SKUs to composition scheme (Form CMP-02)
- Re-check ITC on marketplace commissions
- Book a call with a Liquetax GST expert if turnover is close to the ₹1.5 Cr line