Amazon India partners Cleartax to get sellers GST ready

By : |June 22, 2017 0

Amazon India has partnered ClearTax to help sellers on its marketplace file and reconcile their tax returns conveniently as per the upcoming GST rollout.

ClearTax Biz and Cleartax Biz+, two softwares launched by ClearTax, will be available to the Amazon India sellers free of cost for the first two months after signup. Subsequently, the software will be provided at a 30 per cent discount for sellers registered with Amazon India.

Sellers can create GST compliant sales and purchase invoices from day one of the GST regime, reconcile and file their GSTR forms. They can also communicate and resolve mismatches real-time with their vendors and tax professionals, effectively increasing the 5-day reconciliation window, the company said in a statement.

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“Businesses selling online have an increased burden with GST. They have to claim TCS, Tax Collected at Source and input tax credit properly on time. Delay in GST actions poses significant risk to working capital of these sellers. The ClearTax GST software for Amazon sellers solves these problems in a simple three step process unlocking working capital and reducing risk in their business,” said founder and CEO ClearTax, Archit Gupta.

“We look forward to supporting our sellers in every way possible through comprehensive training, technology solutions and collaboration with subject experts,” said Director and GM Seller Services, Amazon India, Gopal Pillai.

Amazon India recently launched ‘A-Z GST Guide’ program that has trained and enabled thousands of sellers on the platform get ready for GST. The online portal provides resources in the form of tutorials, blogs and free online training sessions.

SMB

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