Sellers can connect with Chartered Accountants (CAs) now! And Flipkart is making it happen.
The e-commerce firm has partnered with Cleartax, a leading online tax and investing platform, in order to help sellers connect with specialist CAs who will offer them support in various tax and accounting-related services.
In a statement, Flipkart said that the initiative is part of its ongoing efforts to help empower its sellers and ease their financial filing so that they can concentrate on growing their businesses online.
Flipkart had also revamped its seller financing programme ‘Growth Capital’ in June, which allows its 1 lakh plus sellers to avail growth credit at competitive interest rates from NBFCs and banks.
Talking about the partnership, Nishant Gupta, Head of Marketplace, 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 that they can concentrate on scaling their businesses.”
Through this 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.
Archit Gupta, Founder and 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.”
Flipkart has over 100,000 registered sellers and offers over 80 million products across more than 80 categories including smartphones, books, media, consumer electronics, furniture, fashion and lifestyle.