Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice
1.As part of the GST Guru, Snapdeal will offer sellers resources like GST 101 series of weekly newsletters that gives information around the top areas of concern for sellers, and helps them prepare for the big shift
2. Under the GST Guru program, it will offer Weekly Business Digest that addresses pressing topics for sellers as and when they emerge is running special editions on GST compliance.
3. The program will also provide accounting and taxation advice to sellers, in collaboration with subject experts
With an aim to enlighten sellers on its platform about the upcoming Goods and Services Tax (GST), online e-commerce firm Snapdeal has launched GST Guru program.
GST Guru program will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, which is expected to be roll out in July this year, cited Snapdeal in a press release on Tuesday.
The Government of India passed the GST Bill in August last year. The GST tax reform is set to bring one uniform tax structure across the country and will subsume all indirect taxes like excise, value added tax (VAT), central sales tax, etc.,
The e-commerce firm has launched GST Guru program under the aegis of the Snapdeal Seller Training Academy, which offers comprehensive training and development opportunities to sellers to derive the maximum benefit from the marketplace, as well as e-commerce overall.
“Late last year, we realised that there is a lot of confusion, especially among micro, small and medium-sized enterprises (MSMEs) on how they will be impacted by the changed tax structure, as well as other GST related formalities. This program was, therefore, launched to bring expert help to our sellers, to make the transition as seamless for them as possible," Snapdeal's senior vice president-business, Vishal Chadha said in a statement.
As part of the GST Guru program, Snapdeal will offer sellers resources like GST 101 series of weekly newsletters that offers information around the top areas of concern for sellers, and helps them prepare for the big shift.
Similarly, it will offer Weekly Business Digest that addresses pressing topics for sellers as and when they emerge is running special editions on GST compliance.
Moreover, under the GST Guru program the e-commerce firm will also provide accounting and taxation advice to sellers, in collaboration with subject experts.
Snapdeal is homegrown online e-commerce company and it competes with Amazon India, Flipkart, among others in India.