The advent of technology has given us many options; even for the simplest of tasks like grocery shopping. And that is pushing local neighborhood shops out of the picture. The trend may however change, if retail-tech startup Nukkad Shops and ClearTax have a say. Both firms recently announced a partnership to bring easy GST compliance to Nukkad Shops customers.
Nukkad Shops is digitising small and medium-size grocers, a segment which constitutes 90% of Indian retail sector, using its cloud-based commerce platform and bringing them back to the forefront by making them efficient and competitive in this already disrupted market. To complement this array of platform-based services Nukkad Shops looked for a partner that would bring a GST-compliance service to benefit this trade. ClearTax, which is the market leader in tax-compliance and other financial services, is partnering with Nukkad Shops to bring benefit this ecosystem.
The Hyderabad-based Nukkad Shops has helped over 1500 retailers digitising their retail operations, connect with their customers and stay competitive in a digital age. Their partnership with Cleartax is going to give them that edge to run their business in a hassle-free manner.
Archit Gupta, Founder & CEO, ClearTax, says “So far, we have onboarded more than 3.6 lakh SMEs and helped them file returns, claim ITC, create GST-compliant bills, and stay on top of the GST rules. Being a startup, we understand the pain points that this sector faces and we have customized our product so that the local retailers on Nukkad Shops – who may not be highly tech-aware – find it easier to meet their compliance needs”.
Commenting on this development, Mr. Vivek Shukla, CEO, Nukkad Shops said “This partnership is an exciting development in the ecosystem for our customers. It will create a lot of value to retailers by saving money and time. The complexity of GST compliance and filing will reduce significantly and with a click of a button, they will be able to do the GST filing”.
The software solution ClearTax GST offers many features which can ensure easy and accurate compliance. With this API integration, sellers can push sales data on one-click from the Nukkad Shops POS software to ClearTax GST. This means there are zero chances of error as no manual entries are required and the GST filing experience is much simpler and faster.
Sellers on Nukkad Shops can currently buy the ClearTax GST software at an exclusively discounted price, and enjoy round-the-clock support and assistance by expert CAs. The sellers will also have access to ClearTax’s GST education portal and be able to learn the nuances of the new tax regime via videos, tutorials, product training guides etc.
ClearTax, India’s largest e-filing platform, has launched an investing platform to help people meet twin goals of smart investing and tax saving in a completely paperless manner. Our handpicked, well researched mutual funds let people build wealth, easily and simply.
Compliance with taxes is imperative, at the same time it can be difficult and cumbersome. ClearTax has set itself on a mission to simplify taxes & compliance for India. ClearTax’s intelligent solutions positively impact business growth and profitability and make compliance smooth. In a short span of 4 years, ClearTax has become India’s number one fintech company with a suite of products for taxation, legal & operational compliance and also investing solutions.
The ClearTax GST Software, India’s first ready-to-use GST-compliant billing, and filing solution are currently used by over 5 lakh businesses, 1.5 lakh CAs and tax professionals, and over 500 large enterprises.
ClearTax is Y-Combinator’s first India-focused investment. ClearTax raised $12 Mn in Series-A round of funding from SAIF Partners in 2016. It also counts Sequoia Capital, Max Levchin, Scott Bannister, Neeraj Arora, Vijay Shekhar Sharma and Naval Ravikant as its investors.
ABOUT NUKKAD SHOPS
Nukkad Shops is a provider of Modern Retail Technology solutions to small and medium-size grocers. It provides them with an Android-based cloud-connected point of sale software that help grocers do billing, inventory management, create a loyalty program with access of deep analytics, access upsell and cross-sell recommendations, create cohorts and run targeted marketing campaigns, access their stores remotely, create a mobile storefront for their stores and sell online.
The company was started in the Year 2016 and has seen tremendous traction during last year. It grew over 30% month on month basis in 2017 and the solution is being used by over 1500 grocers.
Nukkad Shops has been featured in multiple press articles and won numerous awards. Its software was acclaimed for its visual appeal and was given a “Silver Award of Distinction” at the 22nd Annual Communicator Awards selected by Academy of Interactive and Visual Arts. Nukkad Shops won the Best Indian Startup in the 2016 Get-in-the-Ring contest. It also won an award from HYSEA (Hyderabad Software Exporters Association) for best product of the year – 2016.