Meesho, the ecommerce marketplace, has said that it has made the platform inclusive for non-GST sellers. The platform has made significant technological adaptations which will enable non-GST sellers to start selling on the platform from 1 October 2023.
This move comes in response to the recent announcement made by the GST Council that allows ecommerce platforms to onboard non-GST sellers with a turnover of up to Rs 40 lakhs.
Based on industry insights, it has been observed that a staggering 1.2 million sellers drop out every year during the registration process due to GST requirements. This transformative move by the government will empower entrepreneurs and businesses from various sectors, geographical regions, and diverse product selections to join the digital commerce revolution, the media release read.
Vidit Aatrey, Co-founder and CEO, Meesho, said, “We believe that this exemption will not only open up vast horizons for aspiring entrepreneurs but also contribute significantly to enriching our product offerings, enhancing our consumers’ experiences. With our relentless dedication to empowering small businesses, Meesho is now even more poised to play a pivotal role in propelling our MSMEs into the Digital Age and nurturing an ‘Atmanirbhar Bharat’—a self-reliant India. We look forward to this transformative journey, committed to our goal of digitizing 10 million sellers by 2027.”
Speaking about this, Ashish Aggarwal, Vice President and Head of Public Policy at NASSCOM said, “We are delighted with the government’s decision to allow small businesses to sell online without having to register under GST. This will unlock immense potential for businesses in underserved regions, driving economic growth and job creation. Readiness by ecommerce platforms to foster inclusivity within the e-commerce landscape by onboarding non-GST sellers will facilitate economic inclusivity and also contribute to the broader vision of Digital India.”