GST-Enabled Amazon B2B Portal To Offer 45 Days Credit For Sellers
Mumbai: Now, dealers registered with Amazon for fulfilling the orders of the latter, can use their GSTIN to avail the tax exemptions for business/commercial products through Amazon Business. Through this, B2B online purchases will get registered under GST. This is supposedly the biggest trendsetting information for the channels and vendors.
The sellers will also receive a GST invoice and can claim input tax credit, with every business purchase on select products. However, not all products are eligible for business purchases on Amazon.in. The products that list GST Invoice on the product detail page on Amazon.in are the only ones eligible for business purchases. A seller can continue placing orders for non-business products using their business account, however, it will be treated as personal purchase pertaining to the terms and conditions of Amazon.in.
Also, Amazon India has tied up with a leading bank to provide interest-free credit period of minimum 15 days and maximum of 45 days.
Replacement and analytics:
Amazon also has come up with return-policy for the products. According to the online portal, business orders can only be returned by the business customer if the product is damaged, defective or wrongly shipped and if the seller is duly notified within 3 days from the order receipt by the business customer. These orders can only be returned for a refund; however, few sellers may offer a replacement. Amazon Business Analytics to view data about your orders, create and filter reports based on your business needs, and view data in bar charts.
While the physical retail channel is thinking of moving towards a credit-free business, an announcement from e-portals is expected to be a market-shaker in the channel ecosystem.