Amazon’s wholesale arm now lets customers claim GST credit while shipping to GST unregistered states
Amazon Business is the B2B wholesale marketplace of Amazon in India catering to the needs of different institutions such as hospitals, clinics, manufacturers, universities, schools, NGOs, government bodies, and offices. Amazon also offers procurement solutions to its business customers. The new feature addresses the invoicing concerns of businesses. According to Amazon, as long as customers have one GSTIN in their business account, they will be able to get GST invoice for all their business orders using new address- iInvoice billing address which will get shown to them during checkout workflow.
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,” said Peter George, Director, Amazon Business in a statement.
Amazon Business marketplace offers more than “15 crore GST-enabled products” across categories, along with other business features such as multi-users account, orders approval, shared payment methods, and detailed business analytics. In its 2020 round-up of the B2B arm, Amazon Business had claimed over 90 per cent increase in customer base in comparison to 2019 and more than 85 per cent jump in total orders.
Source:https://www.financialexpress.com/industry/sme/msme-eodb-amazons-wholesale-arm-now-lets-customers-claim-gst-credit-while-shipping-to-gst-unregistered-states/2284363/
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