Small businesses in e-commerce ecosystem can benefit from temp IDs

The innovation allows businesses to escape the burden of full GST registration but avail of its benefits and improves compliance

Shilpa Dhobale
February 08, 2024 / 09:15 AM IST
Small businesses in e-commerce ecosystem can benefit from temp IDs

This provision is applicable only for those businesses who are supplying within their state.

In the ever-evolving landscape of India's e-commerce sector, a revolutionary change has taken place with the introduction of Temporary IDs tailored for e-commerce sellers, liberating them from obligatory GST registration. This strategic move not only champions the cause of small businesses by enhancing authenticity and streamlining compliance but also holds significant advantages for the burgeoning e-commerce industry. Beyond its immediate impact, this innovation serves as a goldmine of valuable data resources for financial institutions and fintech companies. Conditions of obtaining...