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If you are a business operator based out in India, then you know how important it is to claim input tax credit as per GST norms. Claiming GST is a very common norm practiced by Indian business person, but it used to happen in offline businesses. In fact, the financial year 2023-24 brought a lot of changes with itself. However, there are certain online stores that provide you the option of claiming GST on online purchases as well. We have made a list of online stores, that can provide you GST input credit; you can check out the list and make an informed purchase decision.
Amazon
Amazon is an MNC that is based out in America and works in e-commerce, online advertising, digital streaming, artificial intelligence, etc. space. It was Amazon, that brought the revolution of e-commerce online store and changed the way people buy products, across the globe. If you are a business operator, you have the option to create a business account with Amazon, and claim the benefits of GST as mentioned by the Indian GST law system. You can also read about activities to be undertaken for GST compliances of FY 2022-2023 in March 2023.
When you make B2B purchases via Amazon, you get the option to buy the products with GST invoices; because of this, you can save as much as 28% on your bill by getting an input tax credit. Given the fact that Amazon is one of the largest online stores, where you can find a range of product categories, it is extremely beneficial to connect with this marketplace. Right from office supplies & cleaning supplies to heavy machinery & IT products, you can get it all in one place and claim GST on your purchase.
Flipkart
Flipkart operates a GST Store. You can buy electronics in large quantities from this store and claim GST on your purchase. Apart from GST claim, there are other benefits of buying products from this store; you can compare product prices across various stores and buy diligently. You also get a wide range of products to select from. The prices are standardized between online & offline stores, and you can claim GST as per the set tax guidelines.
You can also visit CouponzGuru for the same. It offers amazing discounts and deals that save your hard-earned money while shopping online.
Lenovo
You can claim GST on the products you buy from Lenovo’s online store. On the checkout page, on Lenovo’s online store, you will see a “GSTIN” field. You will need to mention the correct GST number in this field. Kindly note that you will need to fill in correct GST number at once, because you will not be able to change it later. It is important that you mention you own GST number and not your family/ friend’s number (using other party’s number is considered as a fraudulent act). Once you have filled in the details, you can claim GST input at your GSTR 2A.
MakeMyTrip
You can book hotels from MakeMyTrip and claim GST on your booking. You can add your GST details while booking the hotels. There are certain rules that you need to follow to actually claim GST benefit. In fact, the platform also offers GST invoices for flight bookings which it started on 1st Jan 2022. While booking the flight, you just have to give in the GST number of your business entity and you can avail of the input tax credit on the GST tax amount. This can help the traveller to reduce their travel expenses by 5-12%.
HP
Last on the list is HP which is yet gain yet again one of the best platforms for purchasing electronics of various sorts. When it comes to the GST invoice, it is among those few platforms that offer it. HP is your trusted business partner for GST transformation. HP in fact, offers HP bundle offer which is a comprehensive end-to-end solution that has everything one needs to become GST ready. So, basically, it is from a small trader to a business owner which anyway solves a lot of things for the consumer.
