Blinkit Introduces GST Invoicing as a New Feature for Businesses

Nitin Konde, Varun Bhardwaj

Oct 10, 2024 — 2 min read

Blinkit Launches GST Invoicing as New Feature

Businesses can now enter their GSTIN (Goods and Services Tax Identification Number) while making purchases on the Blinkit platform, thanks to a new feature. Albinder Dhindsa, the CEO, claims that this change is a reaction to consumer demand, especially from companies buying expensive goods like electronics. Businesses can now claim up to 28% in GST input credits for their purchases, thanks to the introduction of GST invoicing.

With the new feature, users may now enter their GSTIN directly into the Blinkit app and receive invoices that are GST-compliant. This is particularly crucial for companies that wish to use GST input credits to reduce overall expenses. For instance, if a business makes purchases at the 28% GST rate, it can claim a portion of those purchases as input credit.

What is GSTIN?

Each taxpayer (GST-registered business, firm, dealer, supplier, or business entity) receives a 15-digit unique identification number known as the Goods & Services Tax Identification Number, or GSTIN, after registering under the GST regime in India.

Every company operating in a state or Union territory receives a unique PAN, state information, and a Goods and Services Tax Identification Number (GSTIN). Businesses and individuals must register with the state government and get a unique 15-digit GSTIN in accordance with the GST Act of 2017. Several GST-related processes, including filing returns, claiming input tax credits, and making tax payments, require the GSTIN Number.

How New GST Invoicing Will Work in Blinkit?

Upon checking out, customers will be presented with the option to "Add GSTIN."

A GST-compliant invoice is created for the transaction as soon as the GSTIN is added.

The buyer's GST input credit, which may reach up to 28% depending on the product category, is shown on the invoice.

People’s Reaction

The founder of Blinkit, Albinder Dhindsa, recently announced on LinkedIn the introduction of a new tool that enables companies to include their GSTIN while making transactions. The new feature responds to the increasing need for GST-compliant invoices among Blinkit's business clients, which are essential for making decisions, especially for expensive transactions.

Users responded enthusiastically to the news, praising the company's recent launch. A significant turning point in Blinkit's development, Dhindsa's action solidifies the platform's position as a major force in the B2B market. An enthusiastic user left a comment on the post, saying, "That's great news! Adding a GSTIN is a useful feature, particularly for companies making expensive purchases. It will undoubtedly streamline the invoicing process and make it easier for customers to obtain tax benefits. I'll try it out and let you know what I think shortly. Thank you for putting the needs of your customers first."

The declaration by Dhindsa shows the company's intention to meet the needs of its business clients, many of whom depend on GST-compliant invoices for accounting accuracy and tax advantages. He urged users to give the function a try and report back.