If you're buying or selling on Flipkart, having a GST number can make things easier. It keeps your deals clear-cut and straightforward. Let's learn how to add GST number in Flipkart, and discover how to claim GST on purchases.
Most of the Flipkart transactions involve GST. For sellers, it depends on their turnover and product categories. Buyers pay GST included in the price, but GST-registered businesses can get input tax credit by providing their GSTIN.
Follow these simple steps for a smooth experience:
1. Log into your Flipkart Seller Hub account.
2. Navigate to "Settings" and click "GST Details."
3. Fill in your GSTIN, business name, and other required information.
4. Submit the details for verification.
Follow the below steps on how to add GST number in Flipkart while purchasing:
1. Click “Buy Now” after adding items to your cart.
2. Select your delivery address.
3. Proceed to Order Summary and click ‘Use GST Invoice’
4. Provide your GSTIN number and click the submit button.
For GST claims on Flipkart, buyers require a legitimate tax invoice, debit note, or approved document from a licensed dealer. It's essential that the buyer has taken delivery of the products or services. In cases of installment receipt, the credit can be claimed against the tax invoice for the final installment. However, if purchasing from a dealer registered under the composition scheme, the buyer cannot avail input tax credit.
To sum up, thoroughly understanding how to add GST number in Flipkart account is essential for both sellers and buyers. Sellers should follow the simple steps for integration, while buyers benefit by adding GST details during purchases to claim input tax credit and enhance financial efficiency.
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How to Add GST Number and Claim GST on Amazon