E-Commerce sellers in India will come across a big change from the financial year 2017-18. The implementation of GST Bill w.e.f 1st July 2017 will be a game changer for the entire economy, including this segment. With the Goods and Service Tax put into place, the motto of "one nation, one tax" will be materialized. The bill has been introduced to simplify the tax structure and prevent tax evasion. However, all businesses, including e-commerce, need to gear up for the change.
At Magento India, we will assist your e-commerce business to make this transition a smooth one. Our expert developers will work on the requisite changes that would make your e-commerce store GST-compatible. We bring reliable customization solutions to ensure that your business runs smoothly in the face of this big change.
On the surface, GST seems to simplify things for online retailers, with uniform taxation and reduced paperwork. However, certain complexities are expected later when the bill will come into actual implementation. There will be new challenges that e-commerce store will have to face.
With such challenges, sellers would need to align their stores to tackle them successfully. They need to make certain tweaks in the e-commerce platforms for this purpose. These include changes related to the product catalogue, payment collection, invoice generation, and monthly GST filing. At Magento India, we serve enterprises with upgrade and customization to deal with all these issues.