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GST Invoicing Feature: Blinkit introduces GST invoicing for businesses, allowing them to claim up to 28% input credit.
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Easy GSTIN Addition: Users can add GSTIN during checkout to receive GST-compliant invoices.
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Increased Attractiveness: Feature makes Blinkit more appealing to business buyers, especially for high-value purchases.
Blinkit, a leading e-commerce platform, has launched a GST invoicing feature to cater to business customers. This update enables businesses to add their GSTIN (Goods and Services Tax Identification Number) during checkout, generating GST-compliant invoices.
With this feature, businesses can claim up to 28% GST input credit on their purchases, depending on the product category. For instance, buying products under the 28% GST bracket allows businesses to claim that percentage back as input credit. This development is particularly beneficial for high-value purchases, such as electronics.
To use the feature:
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Add GSTIN during checkout
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Receive GST-compliant invoices
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Claim GST input credit (up to 28%) depending on product category
Blinkit CEO Albinder Dhindsa stated that this update responds to customer demand, especially from businesses making high-value purchases. By introducing GST invoicing, Blinkit enhances its appeal to business buyers seeking to minimize costs.
The GST invoicing feature demonstrates Blinkit’s commitment to providing a seamless and compliant shopping experience for businesses. By leveraging this update, businesses can optimize their tax benefits and streamline their purchasing process on the platform.
We’ve rolled out the ability to add GSTIN for businesses purchasing on Blinkit.
A lot of our customers have asked for GST invoices in the past as it is a big decision-making factor, especially for high value purchases like electronics.
Do try it out and share your feedback! pic.twitter.com/RsMpWW7i0g
— Albinder Dhindsa (@albinder) October 7, 2024
