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By
Fibre2Fashion
Published
Jun 8, 2017
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Snapdeal gearing up for GST regime

By
Fibre2Fashion
Published
Jun 8, 2017

Gearing up for GST the regime, Snapdeal has shared details on how the platform’s technology setups are being readied for it. Since as a marketplace Snapdeal engages sellers end-to-end - from product listings, to delivery, to return logistics - onset of GST necessitates an overhaul of all the systems where a tax rate is being used or modified or applied.


Snapdeal


This includes enhancements across the Snapdeal Seller Panel, taxation system, cataloguing system, order processing, invoicing and ERP systems.

A major chunk of the systems’ overhaul has been on the self-serve Seller Panel, which the sellers use to interact with the Snapdeal marketplace for all operational activities across the seller lifecycle.

The Snapdeal seller team has been working with seller partners to get them to enter their GSTIN number and signature in the Seller Panel, so that they’re ready with all the regulatory requirements to do business, come July 1st 2017.

All customer invoice formats, commission invoices to Sellers, taxation reports, etc are being changed, so that sellers are able to file their taxes and get all required documents from the panel itself. Implementation is also underway to provide the flexibility to view or edit applicable HSN codes and tax rate for all listed products. Snapdeal has also been working with sellers to ensure they understand and can operationalise these changes at their end.

Earlier in 2017, Snapdeal had launched the GST Guru program to offer GST compliance training and advice to its sellers. The program included a range of training modules, expert interactions, weekly newsletters, webinars to bring seller partners up-to-speed on how GST compliance would impact their daily operations and how they could prepare for the transition.

Additionally, sellers can also log on to an online repository dedicated solely to GST issues, and have their queries addressed in real-time.

Vishal Chadha, chief business officer, Snapdeal said, “Over the last one year, we have been working closely with seller partners and government stakeholders to build a system that is fully GST compliant. While GST’s onset will introduce a massive shift in the way India does business, we are extremely confident that both our sellers and our platform are well prepared for a seamless transition.” 

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