India's biggest e-commerce giant Amazon India comes up with the new business-to-business retail service in India. By using this Amazon Business Market, the company targets to reach a higher base of Small and Medium Enterprises (SMEs). So, they will serve a wide variety of businesses in India through this new service.
In the statement of Amazon.in, it reads that “Over 10 crore products including laptops, printers, network storage solutions, electronics, pantry supplies among others at business-only pricing.”
So, the small companies in India can register with the Amazon Business by providing their GST number and be entitled for input tax credit.
Initially, the company launched the Amazon Business in the US in April 2015. Then, the company serves more than one million businesses customers. After the success of the US, it has extended to other countries like Germany in December 2016, the UK in April 2017, Japan in September 2017 and now in India.
