Ease of Doing Business for MSMEs: Amazon Business clients, which are largely MSMEs, will now be in a position to claim GST credit for orders delivered across India with GST registration in only one state. Through its ‘Bill to Ship to’ feature, Amazon Business would let clients with GSTIN registration for one or a couple of states but want to get their shipments delivered across the nation to handle their indirect workplace expenditures greater. So far, clients have been in a position to get GST invoices only for the orders shipped to a state exactly where they had a GSTIN registration. This brought on “customer inconvenience as the billing address on the invoices were same as shipping address and customers who did not have GSTIN for shipping address could not claim GST Input tax credit for such orders,” Amazon mentioned.
Amazon Business is the B2B wholesale marketplace of Amazon in India catering to the requires of distinctive institutions such as hospitals, clinics, companies, universities, schools, NGOs, government bodies, and offices. Amazon also provides procurement options to its company clients. The new feature addresses the invoicing issues of corporations. According to Amazon, as extended as clients have one GSTIN in their company account, they will be in a position to get GST invoice for all their company orders utilizing new address- iInvoice billing address which will get shown to them through checkout workflow.
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“With the launch of the ‘Bill to Ship to’ feature we have taken a lead in solving this unique customer problem and offered a solution which allows them to claim GST credit on their billing address for their pan-India shipments. This convenient feature allows customers to consolidate the tax credit to one state and make use of GST credit more effectively,” mentioned Peter George, Director, Amazon Business in a statement.
Amazon Business marketplace provides more than “15 crore GST-enabled products” across categories, along with other company features such as multi-customers account, orders approval, shared payment procedures, and detailed company analytics. In its 2020 round-up of the B2B arm, Amazon Business had claimed more than 90 per cent enhance in client base in comparison to 2019 and more than 85 per cent jump in total orders.