BENGALURU: Flipkart missed out on becoming a GST Suvidha Provider (GSP) as it fell short of the minimum paid-up capital requirement Rs 2 crore. The company had applied for a GSP license to keep more control over GST filings.According to MCA filings, Flipkart's paid up capital is Rs 48.43 lakh. "We have written to the GSTN to seek clarity," the company said without willing to be identified. The company likely did not make it since the company's registration in India is only over a year old. From Day 1, we have opted for a multi-GSP approach to ensure our clients have the best experience.

Source: Economic Times August 14, 2017 02:50 UTC