To support its sellers with various tax and accounting related services, Indian ecommerce giant Flipkart has entered into an exclusive partnership with online tax and investment platform, ClearTax.
The ecommerce giant Flipkart has said the partnership with ClearTax comes as the next step to empower its sellers and ease their financial filing so that they can concentrate on growing their businesses.
The partnership between Flipkart and ClearTax comes as the next step to empower its sellers and ease their financial filing so they can concentrate on growing their businesses.The partnership will help Flipkart’s sellers to connect with specialist Chartered Accountants (CAs).
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 the ClearTax partnership, Flipkart intends to help thousands of small sellers in non-metro markets overcome a significant hurdle, so they can so they can concentrate on scaling their businesses.
Through the ClearTax partnership, sellers on Flipkart will be able to 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.
Commenting on the same, 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.”
In June this year, Flipkart also revamped its seller financing programme ‘Growth Capital’, which allows its one lakh plus sellers to avail growth credit at competitive interest rates from NBFCs and banks.