Wednesday 28 June 2017

Shopclues GST compliance services to register over 6lakh MSMEs under GST
GST (Goods and Services Tax) compliance is a top priority these days. Etailers are collaborating with experts to ease compliance and are asking sellers to recall stocks to avoid tax complications. To ensure a smooth transition into the new tax regime Shopclues has launched several initiatives and workshops for sellers across the country.
Since the etailer must file returns under GST, sellers on its ecommerce platform will also be affected. As a result, Shopclues it trying to get over five lakh sellers registered under the new tax.

Preparing MSMEs for GST

In an earlier report about GST hassles for smaller sellers, the Shopclues’ Arun Goel, mentioned that the company was ready for GST, but wasn’t sure if its sellers were. The ecommerce company has already migrated to a framework that supports GST requirements. Internal IT and billing systems have also been upgraded. It has tied up with third party logistic partners to allow efficient implementation of GST in logistical operations including first and last mile delivery.
But, most of the sellers on its platform are MSMEs from tier 2, 3 and 4 cities. And, these are not registered under GST. Without registration, sellers will face issues in selling with the marketplace. This has encouraged the etailer to launch a GST registration service for sellers to register and acquire GTIN number.
Utkarsh Birader, VP – Products Shopclues, said, “With more than half a million merchants, ShopClues has the largest merchant base in India. To educate SME’s (including non-Shopclues merchants) on GST compliance, we are organising seller summit in tier II, III and IV cities under our merchant empowerment initiative – Saarthi. In these camps, we have created special sessions on GST registrations and compliance and answering all doubts and queries of the merchant community.”
The company will enable sellers to use its merchant portal for –
  • Eway bills
  • Invoices
  • Filing GST returns
This should enable merchants to continue their online businesses without any form of disruption.
Birader also mentioned that, “ShopClues is also organizing weekly webinars under Shopclues University programme where merchants can get their queries clarified from internal GST experts. Merchants can also contact on our merchant support hotline no 01244669777 to understand GST implications specific to their businesses.”
The GST compliance feature from Shopclues is also available to sellers using its Point of Sale (PoS) facility, ‘REACH’ in offline retail. ‘REACH’ is a GST ready PoS for offline stores which allow digital payments. Thereby, allowing the etailer to promote both cashless transactions and GST.

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