E-commerce is booming today – thanks to online shopping portals such as Flipkart, Amazon, Shopclues, and SnapDeal which have transformed the shopping experience for consumers all over the country. Inventive business models such as same-day delivery with cash on delivery or card on delivery that, too, at low prices has increased online shopping volumes.
How to Become a E-COMMERCE Seller?
For selling on E-commerce, a business or person needs to become a E-commerce Seller by signing up with E-commerce portal.but now DIGIACCOUNTANT provide such services at low cost. A business or person can sign up as a E-commerce seller by specifying the information about his/her business and products which he/she proposes to sell via websites through DIGIACCOUNTANT. Some of the details which need to be provided and confirmed at the time of registering as a E-commerce Seller include:
1). Discontinuance or closure of the business
2). Taxable person ceases to be liable to pay tax
3). Transfer of business on account of amalgamation, merger de-merger, sale, leased or otherwise
4). Change in constitution of business leading to change in PAN
5). Registered voluntarily but did not commence any business within specified time
6). A taxable person not liable any longer to be registered under GST act
Information required to Become a E-COMMERCE Seller
- Name of the seller
- Phone number and Email I'd of the seller
- Business address/ Pickup address
- Classification of product which the seller is looking to sell through E-commerce such as Flipkart, Amazon, Shopclues, and SnapDeal
- Tax registration documents; particularly GST registration
- Business registration documents such as Certificate of Incorporation, Memorandum of Association, etc.
Document required for registration as E-COMMERCE Seller
- Passport of the sole proprieto
- PAN Card of the sole proprietor
- Voters ID/ Driving License of the sole proprietor
- Bank Account proof such as cancel cheque,passbook front page belonging to the proprietor
- Tax registration documents; particularly GST registration
- Electricity/Telephone bill in the name of the proprietor.
Sole Proprietorship
If any individual wishes to sell through E-COMMERCE such as Flipkart, Amazon, Shopclues, and SnapDeal on their own legal standing and name, such business would automatically be seen as a Sole Proprietorship. However, a sole proprietorship form of business doesn’t provide limited liability protection to its promoter, does not have partners or investors, is not transferable easily, not scalable enough and has restricted access to bank loans. Hence, becoming a seller on E-COMMERCE as a sole proprietor is not advisable. Despite this, if you choose a sole proprietorship form of business, the below-mentioned documents need to be submitted:
Documents
- A copy of registration documents or Incorporation certificate of the Private Ltd. company
- Copy of MOA (Memorandum of Association)
- PAN Card of the company
- Bank Account proof such as cancel cheque,passbook front page belonging to the Company
- Tax registration documents; particularly GST registration
- Electricity/Telephone bill in the name of the company.
Private Limited Company
Becoming a seller at E-COMMERCE such as Flipkart, Amazon, Shopclues, and SnapDeal as a Private Ltd. company is the most desirable choice as it offers limited liability protection for its promoters, easy transferability, separate legal entity, opportunity to involve partners or take on investors and scale-up operations quickly. The below-mentioned documents should be provided for a Private Ltd. company:
Documents
- LLP Incorporation Certificate or Partnership Registration
- Power of Attorney duly authorized to a designated Partner or the employee in case of a Limited Liability Partnership or Partnership firm for transacting business operations on its behalf
- Partnership deed
- Bank Account proof such as cancel cheque,passbook front page belonging to the Company
- Tax registration documents; particularly GST registration
- Partner’s/LLP’s Electricity/Telephone bill
- PAN Card of Partnership Firm or LLP
- Documents identifying themselves as Partners
Partnership Firm or LLP
A seller could become part of E-COMMERCE such as Flipkart, Amazon, Shopclues, and SnapDeal as a Partnership Firm. Registering as a Limited Liability Partnership (LLP) on E-COMMERCE such as Flipkart, Amazon, Shopclues, and SnapDeal offers limited liability protection, separate legal entity, easy transferability and the documents needed to become a seller at Flipkart using partnership or LLP form of business include: