Author: sharath-ayyar.

Goods and Services Tax (GST) – The Biggest Tax Reform post Independence is finally rolled out.
So what is GST? What changes does it bring? What are its implications on your Campaigns?
Are these questions going up in your mind?

Well here are all things you need to know and understand about GST.

What is GST?

Goods and Services Tax or simply GST is an Indirect tax applicable throughout India which replaced multiple taxes levied by the Central and State governments.

GST has now replaced the VAT/CST which was being charged to your buyers earlier.

How GST can Impact Campaigners on My Dream Store?

Previously VAT/CST of 5% was levied on all our products like Unisex Tees, Unisex Hoodies, Full Sleeve, Polos, Mobile Cases, Tank Tops, Tote Bags, Posters, Coffee Mugs etc.

Now under the GST, Each product categories will attract different tax rates unlike the flat tax system of VAT/CST. Below is the list of revised tax rates applicable as per GST.

Products Tax %
Apparel less than Rs.1000 (Markup price ~ Rs. 951) 5%
Apparel more than Rs.1000 (Markup price ~ Rs. 952) 12%
Coffee Mugs 18%
Posters 12%
Laptop Skins 12%
Tote Bags 5%
Mobile Cases 28%

When will the New Taxation Changes be applicable in My Dream Store?
From 27th July, 2017, All your New and Relaunched Campaigns will follow new tax rates as per the GST regime.

What will happen to my Old Campaigns?
Don’t worry! During Relaunch of your Old Campaigns, Selling Price will be automatically adjusted by the system as per the new taxation rates.

What will happen to New Campaigns?
For New Campaigns, While entering Markup price on Design Studio, System will automatically calculate its Selling Price based on GST rates.

 


I have query related to GST changes. Whom should I reach out?
You can reach to – sellersupport@mydreamstore.in. We will be delighted to answer your query and help you out as well.

 

Hello Campaigners,

Hope you are aware that we had a Major update on COD’s Terms & Conditions from June 2nd, 2017.

If you aren’t aware about our Major update on COD’s Terms & Conditions, we kindly request you to go through the following links,

MDS Version 2.0 – http://blog.mydreamstore.in/archives/1792

FAQ (MDS 2.0)   – http://blog.mydreamstore.in/archives/1786

Recently, Campaigners have been approaching our internal team to sign new COD Service Level agreements in order to convert their accounts from Prepaid –> Prepaid + COD.

At My Dream Store, we always try to identify any problem and automate the manual process by using Technology. As a Part of it, we have identified the problem and developed Service Level Agreement (SLA) Feature which solves end users pain point.

By using this feature, User can convert their accounts from Prepaid –> Prepaid + COD instantly.

This article will explain you about the Procedural flow of SLA Feature.

How to Convert my account from Prepaid –> Prepaid + COD ?

Step 1 – Login to My Dream Store.

Step 2 – Click on ‘My Account’ –> ‘Profile Settings’ (Please refer the image below)


Step 3 – Click on ‘Campaign Settings’ panel and ‘Enable Prepaid and COD for all Campaigns’ check-box. (Please refer the image below)


Step 4 – A Service Level Agreement (SLA) will appear in the inline Pop up. Please go through the Service Level Agreement completely.

Once you are comfortable with Terms & Conditions of the agreement, Please click on ‘I agree to all Terms & Conditions’ check box and click on ‘Agree’ button. (Please refer the image below)

Step 5 – Now, Our System will analyse your Previous returns percentage for all your campaigns.

If the Returns percentage is less than or equal to 30, The System will automatically enable Prepaid + COD for all your Campaigns. (Please refer the image below)


Step 6 – In case, If your Returns percentage is greater than 30, The System will not allow your Campaigns to toggle into Prepaid + COD mode. In this case, You can reach – swati@mydreamstore.in for further Steps.

So What are you waiting for? Go and Explore the Feature and Start Selling more!

Please feel free to reach – sellersupport@mydreamstore.in for further queries.

May the Force be with you,

Cheers,

Team My Dream Store

1) PayPal isn’t accepted in my country is there any other way in which I can receive my payout?

Ans – You can receive payouts via Payoneer as well.

2) What will be the transaction fees for each payout that I receive through PayPal?

Ans – You may refer to this link regarding transaction fees – https://www.paypal.com/in/webapps/mpp/paypal-seller-fees

3) How do I create a PayPal account?

Ans – The process of creating a PayPal account is different in different countries. But to know the basics of creating a PayPal account refer this video – https://www.youtube.com/watch?v=qHMD_my5pjQ&t=54s

You may also browse through this article for help – http://www.wikihow.com/Set-Up-a-PayPal-Account

4) What all do I need to create a PayPal account?

Ans – To open a Personal account, you just need to provide your first and last name, address, phone number, and email address.

  • For your protection, you’ll create a password for your new account and select 2 security questions.
  • After you sign up for an account, you can start receiving money right away.

5) Within how many days can I receive a payment via PayPal/Payoneer after My Dream Store processes it?

Ans – Once we process the Payments, You will be receiving Payments in 3-5 Days.

6) What is the frequency at which the payouts will be done by My Dream Store via PayPal/Payoneer?

Ans – We will be transferring payouts once in a week.

7) Apart from PayPal and Payoneer, Can I use any other payment gateway for receiving a payout?

Ans – As of now, only these options are available. We shall integrate more options in future.

8) I have more queries. Whom should I approach?

Ans – Please write your queries to – globalsupport@mydreamstore.in.
We will address them in next 24-48 working hours.

So, What you are waiting for? Log in to My Dream Store and Start selling now.

You can also visit our MDS-University to know more details on Campaigning, Promotions, Monitoring etc.

Join our Campaigner Community to know many latest updates.