Flipkart, India’s largest e-commerce marketplace, has partnered with Cleartax, a leading online tax and investing platform, to help sellers connect with specialist chartered accountants (CAs), offering various tax and accounting related services.
The initiative is part of Flipkart’s efforts to help its seller base, mostly comprising micro small and medium enterprises (MSMEs), reap benefits of e-commerce by making it easier for them to ply their business online, the company said in a statement on Monday. In June, Flipkart revamped its seller financing programme ‘Growth Capital’, which allows its one lakh plus sellers to avail growth credit at competitive interest rates from non-banking finance companies (NBFCs) and banks.
Through the ClearTax partnership, sellers on Flipkart can now register for goods and services tax and avail services to help them register their business, file returns, understand GST software for self-use, prepare and maintain accounts, file income tax returns and avail ROC (registrar of companies) compliance services, among a plethora of other financial services. Sellers can also access a GST Health Check report, an all-in-one tool that allows them to get actionable GST insights into their business and check return filing status, compare returns, know compliances and fill gaps for GSTIN.
According to Nishant Gupta, head of marketplace at Flipkart, the partnership with Cleartax makes sense since “our aim is to make selling on our platform as easy and hassle-free for sellers as possible”.
Archit Gupta, founder and chief executive Cleartax said, “Small businesses in the e-commerce space find it challenging to understand and implement GST changes and adapt to them quickly. Instead of letting that be a barrier to their business, we are coming together with Flipkart to help entrepreneurs comply with GST using our technology and advanced automation.”
Source: Mint