The goods and services tax (GST) is expected to kick in by July 1 this year. To help their online sellers prepare for it, online marketplaces are rolling out GST programs to educate sellers about the new tax and the changes it will bring. Snapdeal is one of these. The online marketplace introduced its GST Guru program not so long ago and it is a hit with online sellers. The program received responses from over a 10,000 sellers in only a few weeks after its launch.
Vishal Chadha, the senior vice president (Business) at Snapdeal said, “We are happy to see the response to our GST offering. We work closely with our sellers to understand their evolving needs and changing market scenarios, and accordingly provide them the support they need to derive maximum benefit from the marketplace. We will continue making such improvements based on the inputs from our business partners.”
What does GST Guru do?
GST Guru is an additional initiative from Snapdeal that helps sellers obtain maximum benefit from the marketplace and the overall ecommerce market. The program offers sellers –
GST 101 newsletters
Snapdeal provides a wide range of resources under the GST Guru program to help sellers match pace with the new policy changes and to meet GST requirements. The etailer sends out a weekly newsletter called GST 101 to sellers. This newsletter addresses topics that sellers are most concerned about as they prepare to shift to the new tax.
A weekly business digest is also sent by the ecommerce platform to sellers to address pressing topics. It includes special editions on GST compliance to enlighten sellers further.
The marketplace is collaborating with accounting and taxation experts to deliver relevant advice to online sellers. This way financial reports can be prepared appropriately.
Besides the assistance from GST Guru, the etailer also offers all year round handholding through different mediums. Snapdeal has put together rich resources to help solves everything from simple to tough questions about online retail.
This repository of information works like a Google search where a query typed in is answered in different formats like videos, written FAQs and step by step guides, in a matter of minutes.
Have you used these GST facilities from top online marketplaces? How helpful are they? Tell us all about it in the comments section below.