Tag: #Techupdate.

We all know that India is COD predominant market and COD orders have higher chances of returns. The main reasons being buyer refusing the package, incomplete addresses. Non-availability of buyer at the time of delivery etc. for the order returns.

This incurs loss to both Mydreamstore and the campaigner as Mydreamstore has to bear the returns logistics costs and campaigners getting poor ROI on their campaigns.

To minimise the return risk and improve the overall profit, Mydreamstore is providing ‘Returns Reuse’ facility for the campaigners.

What is Returns Reuse?

It’s a process in which the returned products are stored at mydreamstore warehouse and are reused, shipped to a new buyer whenever a matching order (product type, size, colour) is placed.

Please consider the below example,

Say you have launched a Campaign A and in the first run, a product of Unisex T-Shirt of Size M and Colour Black has been returned.

Now you have relaunched the Campaign A and in its second run, if a buyer orders
Unisex T-Shirt of Size M and Colour Black the item returned from the previous run is re-used and shipped to the new buyer.

Campaigners can see all the data pertaining to the return items in the Returns Management Dashboard. This dashboard helps you understand the following things

  • How many orders are returned?
  • What’s the stock count of the returned items?
  • What is the adjustment amount for these returned items?
  • Which products from my returns are being reused/reshipped?
  • What is your net payout amount after the adjustments?

To access the Returns Management Dashboard.

1) Log in to My Dream Store account and switch to Campaigner Dashboard

2) Click on ‘Returns’ button on the left menu bar as shown below.


3) You are now at the Returns Dashboard screen. When you click on the Campaign Card, you can see the campaign wise returned items with product type, colour, and size.

You have an option of ‘1-Click Relaunch’ to relaunch the Campaigns.



4) Towards your Left, You can find Options such as Returns In-stock, Returns Dispatched, Returns Adjustments, Returns Invoice Settlements. Let us explore each of them in a detailed manner.


5) On Clicking, Returns In-stock, It will display the list of all returned products. You also have an Option to Download the list of Returns.


6) Clicking ‘Returns Dispatched’ will show you the list of Returns that have been Dispatched from our end.


7) Clicking
‘Returns Adjustments’ will show you the Amount that will be adjusted from your Payment Challan as a deduction for Returns.

8) On clicking any of the ‘Invoice ID’, You will be taken to ‘Invoice Adjustments’ Panel. 

This Panel will show the list of Returned Products for which the amount will be adjusted.
You also have an option to download the list as well.


9) Clicking
‘Invoice Settlements’ tab will show you the details like – Invoice Amount, Returns Adjustments Amount and Total Payable Amount. 

You also have an Option to Download the data as well.

Return Reuse Charges:

The products fulfilled from Return Inventory will be charged handling fees of Rs.100 + shipping cost of Rs. 60 for products weighing less than 500 grams and Rs. 75 for products weighing more than 500 grams (Hoodies and other products as per the applicable weight)

We hope will feature help you make better decisions while launching campaigns and give you complete transparency of the return items and their adjustment amounts.

Happy Campaigning with us!

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.