Amazon introduces a new Business Marketplace for SMBs in India

Amazon.in has announced the launch of Amazon Business, a new marketplace on Amazon.in to meet the procurement needs of Small and Medium Businesses (SMBs) such as technology and service companies, manufacturers, universities, schools and offices.

The company revealed that, through Amazon.in, business sellers registered with Amazon will provide small and medium businesses an easy access to over 10 crore products along with GST-compliant invoices. SMBs across India can also benefit from technology-led solutions built specifically for businesses, attractive pricing and a convenient shopping experience associated with Amazon.in. They can choose from a range of products including laptops, printers, network storage solutions, electronics, pantry supplies, office supplies, cleaning, etc.

Commenting on this, Manas Das, Vice-President, Infiniti Power Private Limited, a service provider company based out of Noida, said, “With Amazon Business, we can get all our technology and office supplies at our doorstep along with a GST invoice which helps avail tax credit against our purchases. The selection is vast, at good and transparent prices and covers all our needs and helps get products delivered at our convenience. We have saved on both time and money using the service and the experience so far has been great!”

Amazon Business will aid in enabling the implementation of GST and tax compliance in India by providing GST-compliant invoices for 10 crore+ selection available on Amazon Business. Businesses can now register with Amazon Business with their GST number and thus become entitled for input tax credit (varying between 5%-28% basis different product types). On top of this, the Amazon Business also offers business-specific features like business only pricing, and quantity discount on bulk orders.

Manish Tiwary, Vice-President Category Management, Amazon India, said, “We are very excited to launch Amazon Business in India on the Amazon.in marketplace itself. With this launch, we now have a fully functional B2B marketplace alongside our thriving B2C marketplace to enable the same benefits for business buyers including a vast selection, value, convenience of doorstep delivery and more. Whether you are a sole proprietor, a buyer or a procurement officer in a small or mid-size company, Amazon Business offers you an easy and convenient access to over 10 crore products which are offered with GST invoices as well as important features like business prices, bulk discounts, doorstep delivery and Amazon’s A-to-Z guarantee. It’s everything you love about Amazon.in, now for Business.”

According to the company, Amazon Business offers the following key features to registered business customers:

• GST-Compliant Invoicing: GST invoices to claim GST credit (up to 28% for different products)

• Business Prices and Quantity discounts: Amazon Business offers 10 crore+ products with GST invoice and lakhs of offers with business only pricing or quantity discounts.

• Free Registrations: Business owners/buyers can become a member of Amazon Business by going to Amazon.in/business and registering for a new business account. Existing Amazon.in customers can also convert their existing Amazon.in account to a business account supported by a valid GSTIN license.

• Doorstep Delivery: Amazon Business India offers free shipping (on eligible purchases) to any business customer that registers for Amazon Business with reliable delivery timelines. Amazon.in/business offers the convenience of doorstep delivery with options of 2-4 business days, 4-7 business days or 5-14 business days.

• Varied Payment options: Business customers have the convenience of paying through a variety of options, including Credit/Debit Card, Net banking, Cash on Delivery (COD), etc.

• A-to-Z Guarantee: The condition of the item you buy and its timely delivery are guaranteed with genuine products being offered on Amazon.in/business.

• Business Credit: Amazon has tied up with leading financial institutions/banks which will provide a business credit card with an interest-free credit period of up to 45 days, to eligible business customers.

• Reporting and analytics: Customer can gain insights into what, when and how their organization is purchasing by creating customized reports on their business spends.