Flipkart, India’s largest ecommerce marketplace, has partnered with Cleartax, the leading online tax and investing platform, to help its sellers connect with specialist Chartered Accountants (CAs) who will support them with various tax and accounting related services. This initiative is part of Flipkart’s ongoing efforts to help its seller base, most of whom are MSMEs, reap the benefits of e-commerce by making it easier for them to do their business online.
The partnership with ClearTax comes as the next step to empower Flipkart sellers and ease their financial filing, so that they can concentrate on growing their businesses. In June, Flipkart also revamped its seller financing program ‘Growth Capital’, which allows its 1 lakh plus sellers to avail growth credit at competitive interest rates from NBFCs and banks.
Through the ClearTax partnership, sellers on Flipkart can now register for GST and avail services to help them register their business, file returns, understand GST software for self use, prepare and maintain accounts, file income tax returns and avail ROC compliance services, among a plethora of other financial services. Sellers can also access a GST Health Check report, an all-in-one tool that allows them to get actionable GST insights into their business and check the return filing status, compare returns, know compliances and fill gaps for GSTIN.
Commenting on the partnership, Nishant Gupta, Head of Marketplace at Flipkart said, “At Flipkart, we place extreme value on our seller community and are always endeavouring to support them in the best possible manner. Our aim is to make selling on our platform as easy and hassle-free for sellers as possible. With this ClearTax partnership, we are helping thousands of small sellers in non-metro markets overcome a significant hurdle, so they can so they can concentrate on scaling their businesses. From something as fundamental as GST registration to trademark registration for aspiring brand builders, we are making their online operations as simple and cost effective as possible.”
Archit Gupta, Founder & CEO, Cleartax said, “GST is an evolving space. Small businesses in the e-commerce space find it challenging to understand and implement GST changes and adapt to them quickly. Instead of letting that be a barrier to their business, we are coming together with Flipkart to help entrepreneurs comply with GST using our technology and advanced automation. We’re excited to partner with Flipkart, who place such a strong focus on the seller ecosystem.”