Paytm Mall gears up for India’s biggest tax reform
Alibaba-backed e-commerce marketplace Paytm Mall is getting ready to embrace India's biggest tax reform since independence Goods and Services Tax (GST), by helping online merchants to become GST ready.
The company in a statement said that over 70% of active merchants on Paytm Mall are GST-compliant with over 90 million products mapped to HSN codes in preparation for the new tax slabs.
Paytm Mall is leaving no stone unturned to educate sellers on its platform about GST compliance. The company has also launched a seller assistance programme to help online merchants become GST-ready.
“We have implemented GST-compliance measures across our supply chain to ensure quick and efficient delivery of items ordered on Paytm Mall. Our seller platform is also GST-ready and will shift to the new tax structures instantly post launch,” Amit Sinha COO, Paytm Mall said.
In addition, we are also helping them get access to Goods and Service Tax Network (GSTN) numbers, simplifying the process of owning multiple GSTNs across states, the statement added.
Indian government had earlier confirmed that it will implement GST across the country from July 1.
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