Techno Blender
Digitally Yours.

meesho: Meesho registers 25,000 non-GST sellers in two months

0 22


E-commerce platform Meesho on Friday said it has onboarded more than 25,000 non-GST businesses in two months. With an eye on 15-20 million non-GST registered sellers, the SoftBank-backed platform opened up its platform to onboard such businesses on October 1.

The GST Council in July exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Digital Transformation Visit
IIM Kozhikode IIMK Advanced Data Science For Managers Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit

Meesho stated that non-GST sellers now comprise a significant 40 per cent of its new seller registrations, hailing from over 20 diverse states such as Andhra Pradesh, Assam, Bihar, Punjab, Rajasthan, Sikkim, Uttar Pradesh, and West Bengal.

Many of these sellers previously operated through social media platforms along with their own websites.

“We remain steadfast in our mission to digitise 10 million sellers by 2027, and we applaud the government’s historic decision to open vast horizons for aspiring entrepreneurs and enrich consumer experiences,” said Megha Agarwal, CXO Business at Meesho.

Discover the stories of your interest

This influx of non-GST sellers has translated into a remarkable boost for Meesho’s product offerings. These new entrepreneurs have contributed over 1.3 lakh new product listings, with a staggering 80 per cent being unique to Meesho’s platform, the company said in a statement.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.


E-commerce platform Meesho on Friday said it has onboarded more than 25,000 non-GST businesses in two months. With an eye on 15-20 million non-GST registered sellers, the SoftBank-backed platform opened up its platform to onboard such businesses on October 1.

The GST Council in July exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Digital Transformation Visit
IIM Kozhikode IIMK Advanced Data Science For Managers Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit

Meesho stated that non-GST sellers now comprise a significant 40 per cent of its new seller registrations, hailing from over 20 diverse states such as Andhra Pradesh, Assam, Bihar, Punjab, Rajasthan, Sikkim, Uttar Pradesh, and West Bengal.

Many of these sellers previously operated through social media platforms along with their own websites.

“We remain steadfast in our mission to digitise 10 million sellers by 2027, and we applaud the government’s historic decision to open vast horizons for aspiring entrepreneurs and enrich consumer experiences,” said Megha Agarwal, CXO Business at Meesho.

Discover the stories of your interest

This influx of non-GST sellers has translated into a remarkable boost for Meesho’s product offerings. These new entrepreneurs have contributed over 1.3 lakh new product listings, with a staggering 80 per cent being unique to Meesho’s platform, the company said in a statement.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment