70% merchants at Paytm Mall are GST compliant

BENGALURU: Online marketplace Paytm Mall has mandated Goods and Services Tax ( GST) compliance for its merchants to sell on the platform, ahead of the roll out of the tax structure on July 1.

As on date, the Alibaba-backed portal claimed that 70% of the active sellers on the platform are GST compliant with others enrolling, through a helpdesk set up by the platform, at zero cost to ensure compliance.

The marketplace, which recently launched its online-to-offline business, had announced that it had over 1.2 lakh merchants on the platform previously. The platform has also tied-up with online tax-filing platform ClearTax to provide the Application Service Provider (ASP) interface for the merchants.

"We have implemented GST-compliance measures across our supply chain in advance to ensure quick and efficient delivery of items ordered on Paytm Mall. Our seller platform is also GST-ready and will shift to the new tax struc tures on Day 1 of the official launch," said Amit Sinha, chief operating officer at Paytm Mall.

A statement sent by the marketplace said that GST-compliant merchants have 90 million products mapped to HSN codes in preparation for the new tax slabs. Recently, Paytm Mall also conducted a pre-GST sale event to clear existing stock ahead of implementation of the tax.