Planning to start an e-business? Here’s Everything You Need To Know – News18

Anyone can sell any product online; You just need some basic understanding of how it all works.

You can list your products on various e-shopping websites even if you have a physical shop.

Digitization has simplified life, giving way to many new business possibilities. If you want to start a business, be it from any corner of the world, you can easily do it online. If you are planning to sell anything online, then doing so on an internet shopping site can increase your sales significantly. wonder how? Don’t worry, we’ll let you know. It is very easy to list your products on online shopping platform. Anyone and everyone can sell any type of product online. So without any further delay, let’s get started.

You can list your products on various e-shopping websites even if you have a physical shop. To do this, you need to create your seller account on a particular website like Amazon or Flipkart.

To present your products online, you need to register with the following information.

You must have a professional email address where all of your order-related emails will be sent.

You will also need a mobile number.

The paperwork should include your PAN card details.

You also need to have a bank account to make transactions.

GST registration is also required.

To sell items online, you either have your own product or a product from another company. At present GST has to be paid on most of the goods. In this case, it is equally important that you register for GST to sell your products online. You do not need a GST number if you only offer GST-exempt goods.

The Goods and Services Tax (GST) is an indirect tax levied on the sale of goods and services in India, which has largely replaced earlier indirect taxes such as Value Added Tax (VAT) and Service Tax. As per the GST law, any person or business that supplies goods or services, regardless of annual revenue, is required to register for GST.

E-commerce operators such as online marketplaces have to collect and deposit GST on behalf of sellers using their platform. To sell on e-commerce platforms in India, businesses must be currently GST-registered. The government had announced in June last year that enterprises with revenue up to Rs 40 lakh – sales through e-commerce – would not need to register for GST. This applies only to intra-state supplies and not intra-state supplies.