ShopClues launches GST Registration service for over 6 lakh MSME merchants
Shopclues has launched its GST Registration service that will enable 6,00,000-plus MSME merchants to register and obtain a GTIN number and pronounce that over 60% of its top merchants are GST-ready on their platform.
The decision is a follow-up action under the new tax regime. In particular, the e-commerce sector/marketplaces are required to file returns under the GST regime which will also impact the merchants who sell on the e-commerce platforms.
According to ShopClues, digitally the brand has already started migrating to the requirements of the GST framework and has also made necessary changes in their internal IT and billing system. It will also provide merchants an option to generate Eway bills, invoices and file GST returns through their merchant portal. This enables merchants to register, become complaint as well as continue their online business without any interruptions.
Utkarsh Birader, Vice-Products – Products, ShopClues.com, said, “With more than half a million merchants, ShopClues has the largest merchant base in India. To educate SMEs (including non-Shopclues merchants) on GST compliance, we are organizing seller summit in the tier-2, -3 and -4 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. ShopClues is also organizing weekly webinars under the 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.”
ShopClues is also extending the GST compliance feature to merchants who use their Point of Sale offering “REACH” at their offline retail stores, even if they aren’t selling online on the Shopclues platform. REACH is a GST-ready POS for offline retailers which also provides the ability to accept digital payments and is in line with the overall objective of cashless and GST.