START READING FREE FROM AMAZONE AUDIBLE - DOGLAPAN BY ASHNEER GROVER
This is the era of online shopping most of the population would like to purchase online-
because it gives ease of buying and options without visiting places, cheaper products, competitors products, variety etc. This article gives you insight into everything required to start an online seller's business followings are the steps to start :
Step 1. - Legal requirements and compliances:-
1) Formation of business entity:- first of all you need to choose the type of business you want to start you can start with a sole-proprietorship firm, partnership firm, LLP, Pvt. Ltd Company or a limited company. If you are new in the business and just want to start as a pilot project ( for testing ) we suggest you should go with a proprietorship firm. it is easy to start and close with limited compliances. for forming a proprietorship firm you just need to have the following :
PAN card
Valid ID proof
Valid address proof
electricity bill ( latest, not older than 2 months)
if property/business on rent then copy of rent agreement
NOC from the owner
if the property is not on rent then NOC and electricity bill from the owner of the property
Bank account
2)GST registration: It is mandatory to have registration with the GST department to sell goods or services through online platforms like Amazone, Flipkart, Misho0 and others. Registration is mandatory and the limit for registration is ZERO. Yes! you need to be registered and raise GST invoices from day one.
Basic of GST compliances - you need to file monthly/ Qtrly returns for sales and net taxes. You need to deposit tax collected from customers to GOVT. account.
WHAT IT COSTS TO YOU AN ESTIMATION :
It costs you around Rs. 15000/- yearly ( RS. 1250 MONTHLY) for having GST registration and compliances for small businesses.
3) TRADEMARK REGISTRATION is not compulsory for selling from online platforms, whereas we suggest that you should get your trade name registered through trademark registry. As the brand will be the first and last thing that will be visible on the seller's platform and the most usable thing on the internet sale. If you do not want to get a claim notice from other brand owners whose brand you used! maybe wrongly! you should use a registered tradename.
If you wish to start with a registered trademark you need to do the following:
choose a trading name
choose a logo
register with trademark registry
above stated documents in point no. may be used for the same also
It costs Rs. 5500 to Rs.10000 one time
Step 2 - Register with the online platform as a seller account
Let's make it more easy and comfortable for you with this article we will give you a complete guide to get register your seller account with Flipcart
Selling on Flipkart is really easy! Follow the steps below to become a seller:
Use your mobile number and email id to sign up on seller.flipkart.com. Enter the OTP sent on your mobile number for verification.
Check the pin code.
The compulsory documents you need to upload are:
GSTIN - Your GST identification number.
Sample Signatures
A cancelled cheque with your bank account details like account number and IFSC code. If you have a company, then the company’s name should appear on the cheque, and if you are an individual, then your name should be present.
Finally, you have to verify your bank details. We will send a token amount to your bank account.
You need to list at least one product.
Congratulations! Your registration on the Flipkart seller hub is complete. You’re ready! Go to seller.flipkart.com and ‘Start Selling’!
For more details, you can watch the video CLICK HERE.
to get register on AMAZON CLICK HERE
Hope you find the article fantastic and of your use.
Thanks & Regards
Team Ca Sunil Sakral
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