How to Sell on Snapdeal| Procedure to sell on Snapdeal| How to become Snapdeal seller India| How to sell online without huge investment |

 

 

How to sell on Snapdeal

Snapdeal founded by Kunal Bahl and Rohit Bansal is India’s largest online marketplace offering more than four million products across a range of categories from over 50,000 sellers. Snapdeal witnessed record amounts of sales during the recently held sale day, crossing Rs. 1 crore of sales every minute. With more and more people shopping online, ecommerce continues to be one of the fastest growing industries with plenty of opportunities. Selling through online marketplaces like Snapdeal, Flipkart or Amazon can help established businesses quickly find customers without having to worry about technology or marketing. In this article we look at how to sell on Snapdeal and Snapdeal seller registration process.

Selling on Snapdeal – Documents & Registration Required

Before beginning to sell on Snapdeal, the business must first become a Snapdeal Seller by completing the registration process and submitting the required documents. If an established business proposes to sell on Snapdeal, the seller registration process can be completed quickly as the business may have the required tax registrations. On the other hand, if the Snapdeal seller is a new business or if the seller would like to use a new entity, certain tax registrations must be obtained prior to selling on Snapdeal.

Business Registration (May not be required for established businesses)

PAN Card, TIN Registration and Bank Account – in the name of the business is required to complete the Snapdeal seller registration process. Therefore, a Private Limited Company or Limited Liability Partnership (LLP) can be started, if an established business entity is not readily available during the seller registration process. Both Private Limited Company and Limited Liability Partnerships offer the promoters limited liability protection  and are a separate legal entity – that can be scaled or transferred. It is however recommended that ecommerce sellers start a private limited company, as it offers the ability to quickly scale up and also easily access bank or equity funding. LLPs on the other hand have restrictions while raising bank or equity funding, and therefore not recommended.

PAN Card

Permanent Account Number or PAN card copy must be submitted bearing the name of the businesses during the Snapdeal seller registration process. Both, Private Limited Company and Limited Liability Partnerships would have PAN Card in the name of the business. Proprietorship’s would have PAN card only in the name of the Proprietor.

TIN Registration

TIN Registration also known as VAT Registration or Sales Tax Registration is required to begin selling on Snapdeal. TIN registration is required for any person or entity selling goods or services in India – both offline or online. Therefore, TIN Registration must be obtained by applying to the relevant State Authorities prior to selling on Snapdeal. Entities without TIN Registration can only sell handicrafts, books, online education or unstitched fabrics.

Bank Account

A copy of cancelled cheque must be submitted to Snapdeal during the Snapdeal seller registration process. The bank account must be in the name of the business. Private limited companies and LLPs can both easily open bank accounts in the name of the business by submitting certificate of incorporation and PAN card. Opening a bank account in the name of the business is cumbersome for a proprietorship, as existence of the business must be proved through other tax or business registrations. More information about opening a bank account in India.

Snapdeal Seller Registration

To begin the Snapdeal Seller Registration process, visit Snapdeal Seller Homepage. During the seller registration process, information such as name, phone number, email and address will have to be provided and verified. In addition to the demographic information, a copy of the PAN card, copy of TIN registration certificate and a copy of cancelled cheque must also be submitted. Once submitted, the documents and information submitted will be verified and approved by a Snapdeal representative.

To incorporate a private limited company or LLP, visit meeradgroup.in

 

We are one of the leading company registration consultant, tax consultants based at Bihar. If you want to file income tax return of your company or business or just itr return of your self, please call us at +91-7050515253, +91-8540099000 or visit us at www.meerad.in

How to Sell on Paytm| Procedure to sell on Paytm| How to become Paytm seller | How to sell online without huge investment |

How to become a Paytm seller

Paytm backed by the Chinese Alibaba Group and a new entrant into the indian ecommerce market is fast growing backed by the innovative mobile wallet concept. Paytm which started by offering online mobile and DTH recharging services has evolved into a full blown ecommerce website offering a range of goods and services from electronics to bus ticket bookings. With the platform recording strong growth in sales and number of customers, now is the best time to become a seller on Paytm. In this article, we look at the procedure for becoming a Paytm seller and completing the Paytm seller registration process.

Why register as a Paytm Seller?

Ecommerce is witnessing a huge boom in India fueled by discounts and cash-backs. Paytm is the latest entrant into this market already having on board over 10 crore plus customers and 60,000 plus sellers serving 500 plus product categories across 39000 pin codes in India. By becoming a seller on Paytm, the merchant need not worry about developing and maintaining a ecommerce website; but, rather focus on fulfilling customer order quickly. Further, since becoming a seller on Paytm requires minimal or no investment, anybody could become a seller and gradually scale up.

Paytm Seller Registration

Before starting to sell on Paytm, a seller must first complete the Paytm seller registration process on Paytm’s website. Becoming a Paytm seller is free and the seller registration process takes only a few minutes.

Step 1: Go to Paytm seller registration.
Step 2: Provide your name, phone, email and choose a password for the account.
Step 3: Complete the email verification process.
Step 4: Complete the mobile number verification process.
Step 5: Update business information and address.
Step 6: Provide KYC Documents (More on this below)
Step 7: Approve the terms and conditions.
Step 8: Update your catalog of products
Step 9: Begin selling on Paytm

Documents required for Paytm seller registration

To complete the Paytm seller registration process, the following documents and information are required:

Information & Documents Required

• Name of the Business
  • Private Limited Company / Partnership / LLP / Proprietorship
• Phone number
• Email address
• Address
• PAN number
• PAN card scan copy
• Bank account number
• Account name
• Bank name
• Bank branch name
• Bank IFSC code
• Copy of cancelled cheque
• VAT registration
• In case VAT registration is not available, then the seller must submit a Paytm VAT registration undertaking.
• Scan copy of address proof
  • Electricity bill
  • Bank statement
  • Aadhar card
  • Passport copy
  • Certificate of incorporation
  • Rental agreement

Should I register a company or LLP for becoming a Paytm seller?

Serious sellers or those having an existing business venturing as a Paytm seller can register a private limited company or LLP while becoming a seller. Having a separate legal entity will ensure that the promoters are protected from any liability in case of any litigation. Since, most ecommerce sellers sell to consumers across India, it is recommended that they have limited liability protection.

Is VAT registration required to sell on Paytm?

Yes, VAT registration is required for selling on Paytm. However, in case the seller only wishes to sell unstitched apparels, books and/or handicrafts, then VAT registration is not required. On the other hand, a seller can also begin selling on Paytm without a VAT registration by providing an undertaking to obtain VAT registration. However, Paytm will hold payments to the seller until VAT registration proof is submitted to Paytm.

Becoming a seller on other platforms

The basic documents for becoming a seller on most of the ecommerce platforms are the same. Hence, once a person becomes a seller on Paytm, he/she can also become a seller on Flipkart, Snapdeal and Amazon India to boost their revenue.

 

 

 

We are one of the leading company registration consultant, tax consultants based at Bihar. If you want to file income tax return of your company or business or just itr return of your self, please call us at +91-7050515253, +91-8540099000 or visit us at www.meerad.in

 

 

 

How to Sell on Amazon India| Procedure to sell on Amazon India| How to become Amazon India seller | How to sell online without huge investment |

Amazon India is one of the top online sale platform in India backed by Amazon.com. Amazon.com is the largest internet retailer in the United States and the company has committed an investment of over $2 billion for developing Amazon India. Amazon India was launched in June, 2013 and currently has thousands of businesses on the Amazon India marketplace selling millions of goods. In this article, we look at how to sell on Amazon India and the process for becoming an Amazon India Partner.

Selling on Amazon India

Amazon India provides a tremendous online platform for businesses of all sizes to quickly establish a pan-India reach. The following categories of products can be sold through Amazon India currently: Baby Products, Beauty, Books, Consumer Electronics (including Cameras and Video Games – Consoles), Digital Accessories (including Mobile Accessories, Electronics Accessories and PC Accessories), Home, Jewellery, Kitchen, Luggage, Mobile Phones, Movies, Music, Personal Care Appliances, Personal Computers, Tablets, Toys, Video games (consoles and games), and Watches. Amazon India has promised to add more categories soon.

Selling on Amazon India has a number of advantages unlike developing a new ecommerce website just for your business. When selling through Amazon India, the development and maintenance of the marketplace, logistics handing, payment processing, marketing, etc., is taken care of by Amazon India. On the other hand, if a ecommerce website is launched just for a business, many challenging aspect relating to marketing, logistics handling, technology need to be handled the business in an effective manner to succeed in todays competitive ecommerce space. Therefore for most businesses, it is better to selling on an online platform like Amazon India, FlipKart or Snapdeal. (Know more about: Selling on FlipKart and Selling on SnapDeal).

Amazon India is actively working to increase the number of sellers on Amazon India and recently launched the #EmpoweredByHer campaign to promote Amazon Partner program for women entrepreneurs.

Becoming an Amazon India Seller or Amazon India Partner

To become a seller on Amazon India, visit the Amazon India Seller Signup page and click on the register now button to start the registration process. During the registration process, the Business Entity name, Address and Phone number must be provided.

Business Entity Name

It is highly recommended that selling on any online ecommerce portal be done through a Limited Liability Partnership or Private Limited Company or One Person Company, as these entities are easy to start and provide limited liability protection. While selling online through ecommerce portals, the promoter of a business could be open to litigation or liability from customers / vendors due to a number of issues and therefore important to have limited liability protection. If you are selling through a registered business entity (LLP or Company) then enter the entity name here, else enter the name of the Proprietor.

Address and Phone Number

Provide the registered office address or address of the place ofhttp://www.meeradgroup.in/wp-admin/post-new.php business in the place provided. The phone number provided can be a mobile number as SMS or Voice Call verification would be required.

VAT or CST Registration Information

Only for sellers selling books and other products not covered under VAT, VAT Registration is not required. For all other sellers selling any product for which VAT is applicable must furnish VAT and CST number to start selling on Amazon India. IndiaFilings can help you obtain VAT and CST Registration.

Bank Account Information

The following information pertaining to the bank account of the business must be furnished to Amazon India to complete the Amazon India Partner registration process:

• Account Holder Name
• Bank IFSC Code
• Bank Account Number
• Account Type

Once the above information is furnished to Amazon India and a mandatory Amazon Partner Quiz is completed, you can begin selling on Amazon India. Detailed information relating to listing of products and management of listings is available through Amazon India Seller dashboard. If you would like to register a company for selling on Amazon India or would like to know more information, visit www.meeradgroup.in

We are one of the leading company registration consultant, tax consultants based at Bihar. If you want to file income tax return of your company or business or just itr return of your self, please call us at +91-7050515253, +91-8540099000 or visit us at www.meerad.in

 

 

 

How to Sell on Flipkart | Procedure to sell on Flipkart | How to become Flipkart seller | How to sell online without huge investment |

How to Sell on Flipkart

E-commerce is booming in India – thanks to shopping portals like Flipkart, SnapDeal and Amazon which has revolutionized the online shopping experience for Indian consumers. Innovative models like cash on delivery and same day delivery backed by low prices has spurred more customer to purchase online, making Flipkart – India’s largest electronic commerce store. Flipkart sold merchandize worth more than USD 1 Billion during the financial year 2013-14 and has a customer base of over 2.6 crore registered users. Flipkart currently ships over 50 lakhs shipments each month and generates over 80 lakh daily page visits. Therefore, there is tremendous business opportunity for those who sell on Flipkart by becoming a Flipkart seller. In this article, we look how to become a Flipkart seller and sell on Flipkart.

How to become a Flipkart Seller

To sell on Flipkart, a person or business must become a Flipkart Seller by signing on with Flipkart. The process for signing on as a Flipkart Seller is easy and can be started from the Flipkart Seller homepage. A person or business can signup as a Flipkart seller by providing information about the business and the products the seller proposes to sell through Flipkart. Some of the details that must be provided and verified during the Flipkart Seller registration process include:

• Name
• Email address
• Phone number
• Pickup address / business address
• Categories of product the business is interested in selling through Flipkart
• Business registration documents
• Tax registration documents

Business Registration

In addition to the basic information about the seller, the following business related information and documents must be submitted to Flipkart during the Flipkart seller registration process. Some of the documents to be submitted will vary depending on the type of business registration, as follows:

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 Selling on Flipkart as an Individual or Sole Proprietorship

If an individual decides to sell on Flipkart on his/her own name and legal standing. The business will automatically be perceived to be a Sole Proprietorship business. A sole proprietorship business does not offer limited liability protection to the promoter, is not easily transferable, cannot have investors or partners, not very scalable and has limited capacity to obtain bank loans. Therefore, it is best to avoid becoming a seller on Flipkart using a sole proprietorship entity. In case a sole proprietorship is chosen, the following documents may have to be submitted:

Identity Proof

• Signed declaration on the business letterhead stating that the individual owns and manages the bank account held in the name of the business.
• Statement of bank accounting registered on Flipkart payment gateway.
• Passport
• PAN Card
• Voters ID
• Driving License
• Any other photo identity card
• Letter from a recognized Public Authority or Public Servant verifying identity.

Address Proof 

• Telephone bill (Fixed line) in the name of the Proprietorship firm
• Electricity bill in the name of the Proprietorship firm
• Bank Account Statement in the name of the Proprietorship
• Letter from Employer
• Ration card
• Lease or license agreement
• Letter from a recognized Public Authority or Public Servant verifying identity.

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Selling on Flipkart as a Private Limited Company

Becoming a Flipkart Seller – as a Private Limited Company is one of the most preferable methods of becoming a Flipkart Seller as it provides limited liability protection to promoters, separate legal entity, easy transferability, ability to take on investors or partners and quickly scale-up operations. The following documents must be submitted for a Private Limited Company:

Identity Proof

• Copy of Certificate of Incorporation of Private Limited Company
• Copy of Memorandum of Association
• Company PAN Card

Address Proof 

• Company Telephone bill (Fixed line)
• Company Electricity bill
• Lease or rental agreement

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 Selling on Flipkart as a LLP / Partnership Firm

A Flipkart seller can also be a Partnership Firm. However, it is preferable to register a LLP (Limited Liability Partnership) while signing on as a Flipkart seller as it provides limited liability protection, easy transferability, separate legal entity and other documents required to quickly become a Flipkart seller.

Identity Proof

• Partnership registration or LLP Incorporation Certificate
• Partnership deed
• Power of Attorney granted to a Partner or an Employee of the LLP or Partnership firm to transact business on its behalf
• Any document identifying Partners and the person holding the Power of Attorney with their photographs
• PAN Card of the LLP or Partnership Firm

Address Proof 

• Any official valid document confirming the address of the Partners and the persons holding the Power of Attorney
• Firm/Partner’s Telephone bill
• Firm/Partner’s Electricity bill
• Lease or Rental agreement
• Company Electricity bill
• Lease or License agreement

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 Selling on Flipkart as a Trust & Foundation

Trusts and Foundations can also become sellers on Flipkart. Documents similar to the above documents must be provided in the name of the Trust or Foundation to establish the legal identity of the Trust / Foundation and the address of the Trust / Foundation.

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Flipkart Seller: Tax Registration Requirement

Once the Flipkart seller has decided on and registered a suitable business entity for the proposed business, the following tax registration and bank account in the name of the business or entity will be required:

• Business name
• PAN – PAN Card of the individual or private limited company or partnership
• TIN – TIN Number is also known as VAT Number / Sales Tax Number / CST Number in the name of business
• TAN – TAN is required for Tax Deduction at Source (TDS) – in the name of business
• Bank account name
• Bank account number
• Bank IFSC code

Starting to sell on Flipkart

Once the promoters of the business has provided the above information, documents and registrations, the business can commence selling of its products on Flipkart. Once, the formalities for Flipkart seller account registration are complete, the business can setup the storefront and list products to sell on Flipkart – to start sales.

To become a Flipkart Seller, visit Flipkart Seller Registration page. To start a business or obtain registrations required to become a Flipkart seller, visit www.meerad.in.

 

We are one of the leading company registration consultant, tax consultants based at Bihar. If you want to file income tax return of your company or business or just itr return of your self, please call us at +91-7050515253, +91-8540099000 or visit us at www.meerad.in

 

Highlights of the First Policy for Skill Development and Entrepreneurship

The Government of India has recently unveiled the first National Policy for Skill Development and Entrepreneurship 2015 in order to empower the younger generation. The policy aims at providing various support for development of Entrepreneurs who will drive job growth and for the development of a skilled workforce to create “Skilled India”. In this article, we mainly look at the support for Entrepreneurship extended through the policy for Skill Development and Entrepreneurship 2015.

Educate and Equip Entrepreneurs

Educating and equipping of potential and early stage entrepreneurs across India has been identified as a main area of support in the policy for skill development and entrepreneurship. To achieve this mission the Government has proposed for the development of a world class education curriculum in Partnership with Global Experts on Entrepreneurship.

The curriculum for Entrepreneurship will help the Entrepreneur acquire the skills needed to start and manage a business. The course will is proposed to be delivered to all potential Entrepreneurs through a blend of online and experimental learning methodology at no cost. Therefore, the Government envisions that the course will be setup as a Massively Open Online Course which can be taken as and when needed by Students and Business People alike. In  addition, entrepreneurship  education  will  be  integrated  into  the  mainstream  curriculum  in  nearly 3,000  colleges  around  India and delivered at Industrial clusters across the nation through 50 nodal Entrepreneurship Hubs (E-Hubs).

Connect Entrepreneurs to Peers, Mentors, Incubators

Connecting Entrepreneurs with Peers, Mentors and Incubators as been identified as key focus area in the Policy for skill development and entrepreneurship. The policy has proposed the creation of a web and mobile based technology platform for connecting young  entrepreneurs  and students with other entrepreneurs, business owners, mentors incubators, funding agencies and basic service providers.

Entrepreneurs will be able to logo and connect to each others through this Entrepreneur’s social network. In addition to helping Entrepreneurs network, the social network will also allow provide information about government services and provide information required for running a business.

Support Entrepreneurs through Entrepreneurship Hubs (E­Hubs)

The policy for skill development and entrepreneurship 2015 has proposed the establishment of a national network of Entrepreneurship Hubs (E-Hubs). E-Hubs will be setup as a national network comprising of one national, 30 state, 50 nodal and 3000 college based hubs. The aim of these E-Hubs will be to align Government and Inter-ministerial coordination to improve Entrepreneurship Effort with industry trends and promote flagship programs like “Make in India“, Smart Cities, Skill India, Digital India, Green India and Swachh Bharat Abhiyaan.

Catalyse a Culture Shift to Encourage Entrepreneurship

The 2015 policy for skill development and entrepreneurship will aim to create a cultural shift in India and promote Entrepreneurship at all levels. The policy aims to achieve this objective by inviting keynote speakers to share best practices, creating internship opportunities and exchange trips for Indian Entrepreneurs to global Entrepreneurship hot places like Silicon Valley and Israel. In addition the policy has proposed the creation of Brand Ambassadors to champion Entrepreneurial Culture in India and awards young Entrepreneurs.

 

Encourage Entrepreneurship among Underrepresented Groups

Special focus will be given for the inclusion of scheduled castes, scheduled tribes, minorities, differently abled and regionally underrepresented areas including large part of Eastern and Norther India in Entrepreneurship programs. The policy has provided for prioritized delivery of entrepreneurship education programs to the underrepresented groups and operation of mobilization drives to enroll underrepresented members in the online entrepreneurial ecosystem.

Further, the policy also proposes the creation of a pool of experts to promote entrepreneurship and act as mentors for these underrepresented groups. In addition, its proposed that access to Government supported testing facilities and infrastructure be offered to these groups at a subsidized rate.

Promote Entrepreneurship amongst Women

The 2015 policy for skill development and entrepreneurship has promised special Efforts for the encouragement of women entrepreneurship in India through appropriate incentive for women owned businesses under the public procurement process. This will include providing mentorship and support system for women entrepreneurs in existing business centres and incubators along with access to capital at relaxed credit terms.

Improve Ease of Doing Business

Improving ease of doing business in India has been made a main area of focus in the 2015 national policy for skill development and entrepreneurship. The policy proposes the following steps for improving ease of doing business in India:

• Creating a business friendly environment with easy entry and exit procedures to encourage entrepreneurial  activity.
• Introducing Unique Enterprise Number (UEN) that a new enterprise could use for various  registrations including taxes, labour laws and social security.
• Introducing an online Composite Application Form (CAF) that will help entrepreneurs file  a single application for obtaining all approvals and clearances from various government  authorities.
• Encouraging  States  to  strengthen  existing  ‘Single  Window  System’ with  a  High  Power  Committee empowered to give all necessary clearances for setting up a business.
• Converting  the  present  District  Industries  Centres  (DICs)  into  Business  Development  Centres  (BDCs)  with  an  objective  to  provide  technical  and  procedural  handholding  support and counseling to pre-­start­up, nascent, early start up and growth ventures.
• Permitting  flexibility  to  startups  in  ‘hiring  and  retaining’ workforce  for  operational  adjustments and rationalization during the first three years of operation of an enterprise,  assuming that by the end of three years it will either stabilize and grow or become sick  and close down.
• Allowing  easy  exit to  enterprises if they have been in operation for less than three years.  Such enterprises will be facilitated to close their operations, if not found viable, within a  period of three months. Creation of Special fast track court to expedite the process  of closure of such firms.
• Considering tax incentives to new and existing entrepreneurs.

Improve Access to Finance

The 2015 national policy for skill development and entrepreneurship has proposed to reinvigorate the  flow  of  credit  to  deserving  entrepreneurs. The policy proposes the  following  interventions  to improve access to finance for Entrepreneurs:

• Ensuring that credit delivery norms are met by financial institutions without compromising  the quality of the projects submitted for credit.
• Strengthening venture capital companies in quasi-­public sector by infusing capital through  equity participation.
• Incentivizing Angel financing by providing appropriate rebates on capital gains made by  investors.
• Promoting a ‘rescue’ culture by revisiting bankruptcy rules and facilitate counseling and  advisory service to troubled firms by appropriately addressing legal status.
• Encouraging  national  and  state  bodies  viz.  National  Scheduled  Cast  Finance  and  Development  Corporation  (NSCFDC),  National  Minorities  Development  and  Finance  Corporation  (NMDFC),  National  Backward  Classes  Finance  and  Development  Corporation  (NBCFDC),  National  Schedule  Tribes Finance and Development Corporation (NSTFDC) to provide credit to micro enterprise startups launched by their target population.
• Explore  the  possibility  of  setting  up  a  National  Fund  for  the  unorganised  sector,  as  recommended by the National Commission for Enterprise in the unorganised sector in  2007, to hasten the process of achieving inclusive growth of entrepreneurship.
• Encouraging and support financial institutions to develop innovative micro­level financial  tools to enhance investments in micro ventures. Further, they would also be encouraged  to  increase  lending  in  rural  areas  through  self­help  groups  and  innovative  microfinancing.

Foster Social Entrepreneurship and Grassroots Innovations

The 2015 policy for skill development and entrepreneurship has identified social enterprises as an important business instrument to address the issues of poverty, unemployment and inequity in society, through socially oriented business innovations. Therefore, the policy will encourage  universities  and  academic  institutions  to  launch  a  course  on  ‘Social  Entrepreneurship’,  including  through  online  distance  education,  to  actively  promote social  entrepreneurship in the country. Further, a social  capital market place will be promoted by offering fiscal incentives to  attract investors and make provision for funding support under a separate scheme(s) like social venture fund, to facilitate social entrepreneur’s access to credit.

The policy has also proposed the creation of grass­root technology innovation  hubs to harness the innovation potential of grass­roots innovators. Also, the policy aims to promote and encourage grassroot innovations and assist innovators to commercialise  and up­scale their products and services. through the national network of E­Hubs and  other  platforms.

 

 

We are one of the leading company registration consultant, tax consultants based at Bihar. If you want to file income tax return of your company or business or just itr return of your self, please call us at +91-7050515253, +91-8540099000 or visit us at www.meerad.in