HOW TO START ECOMMERCE BUSINESS IN INDIA

Bill Gates once said: “If your business is not on the internet, then your business will be out of business.”

How to start online business in India

The ecommerce industry has become a fastest growing industry in the Indian economy. Many businessman are changing their traditional route to selling the products and providing the services from a physical route to digital route. They are getting a more clients as compare to their tradional route and generating more profit due to finding a serious clients in a large number through digital route. If you have been thinking about to start your own ecommerce business. It’s a right time to start your business and change the traditional route of doing existing business into e-commerce business. There are two method of doing e-commerce business, the first is that you have to develop your own website, list the products and sell to customers. This step is very critical and involves huge amount of investment and time. The other option is to use the services of aggregator like Amazon, Flipkart, Snapdeal, Paytm and ebay etc. You can register your business with multiple service provider (aggregator) at a same time and get a large number of clients through various websites. In this article, I am going to tell you, which legal compliances are required to start online business with second option as discussed above.

Basic requirement to start online business in India are:

        Set up Business

There are multiple ways to set up a business, if you want to do business on individual basis then you can simply start your business with proprietorship without taking any registration from any government authority, if you are doing business in partnership then you can register partnership firm or you can also start your business by incorporating a company. For further clarification, you can refer my previous blog (Different Types Of Business Registration In India!) by clicking on the this link https://cskuldeepbisht.blogspot.com/2020/04/different-types-of-business.html

  

      

      Legal requirements

There are two basic legal requirement to start your online business.

      a) GST registration 

      b)  Trademark registration

As per policy of many websites, which are providing the platform to sell the goods, makes the GST registration requirement is mandatory. If you want to sell the products online by registering on their website then you have to take a GST registration for doing online business.

Trademark registration is not mandatory requirement to start online business, It’s depend on your product. If you are selling the product of other registered brand then you do not have to take any trademark registration but if you are selling a self factory manufactured product then in that case you have to take a trademark registration in relation to your products. Brand registration makes the product different from other products.

      Open a current account

After taking a GST registration, you have to open a current account with any bank as suitable for you. When you sell the products through online route and complete the transaction between buyer and seller. You should have a current account for receiving payment from aggregator (Service provider, providing the platform for selling the products) in respect of your sold product.

       Documentation

You need to get registered as a seller on online marketplaces. You will require to some documents to get registered as a seller.

1. GSTIN
2. Pan Card
3. Address proof
4. Cancel Cheque

With these documents you will get registered as a seller. Then you can start listing your products and getting orders.

For further details, after complying all legal requirements as required. How to register your business as a seller on such websites. You can simply click on Flipkart, Amazon, Paytm and Snapdeal etc. for getting a successful registration as a seller.