Nowadays the e-commerce business is increasing because of its online reach. Flipkart is the leader in Indian e-commerce with maximum online range and highest credibility. On Flipkart, over 10 million people are visiting daily. Anybody can sell their product on Flipkart, but there is a requirement of some registration like GST, PAN, TAN and other registration under company law.
There is a requirement of some documents by Flipkart which are mentioned below
GST Identification number
Flipkart requires goods and service tax (GST) identification number. The concept of GST came last year which is mandatory for those whose turnover is more than 20 Lakh rupees, and in some states, it is 10 Lakh rupees. It is compulsory for all entities involved in buying or selling or providing services in India. You cannot run your business without GST identification number; it is an offense under GST laws. The process of obtaining GST identification number is natural; you can file your application online.
Bank Account Details
You have to open a bank account on your business entity name. Flipkart requires it. Without a bank account, you may not allow creating your seller account.
Flipkart requires PAN card. PAN is a permanent Account Number which is issued by the Income Tax Department of India. PAN card act as identification for those who pay income tax. PAN card is required for tax purposes. PAN card registration can be made online. Nowadays PAN Card is mandatory for the Companies. Without PAN card you cannot conduct some commercial activities. Nowadays it is essentially required document by the bank.
Unique Products to sell
If you want to sell on Flipkart, then you must have a single product to market. You cannot sell copied products on Flipkart.
Create your Account on Flip cart
You have to create your seller account on Flipkart. The process of creating your seller account is straightforward. You must fulfill above given requirement by Flipkart so there will be no problem arises while creating your seller account of Flipkart.
After registration on Flipkart, you can list your product on Flipkart. List your products under specific product categories. After receiving of order, you have to dispatch that order to the customer. After successfully dispatched, Flipkart will settle your payment.
E-commerce Business Registration
If you want to sell your product on online platforms like Flipkart and Amazon, then you should register your business. You should register your Ecommerce Business Registration as a company or the other entity. You have to register your business under company law or any other law so it will give you legal recognition. You can register your company online by the filing of the online form.
You should also register your business under GST because nowadays it is mandatory by law and without registration of GST you cannot sell your product, it is a punishable offense under GST law.
You should also register your products under Intellectual laws because it is nowadays important to secure your products, so no one can copy your products.
If you are planning business with Flipkart, then you should also register your business with Udyog Aadhar because after obtaining Udyog Aadhar you will get many benefits from the government which can help you. Udyog Aadhar is 12 digits unique number which is issued by the Ministry of Micro, Small and Medium Enterprise. Udyog Aadhar is a replacement of a prior registration process under MSME. Now you have to only register under Udyog Aadhar. The Process of obtaining Udyog Aadhar is completely online, and it does not require any document. Udyog Aadhar is essential because after acquiring this you will get a subsidy from the government. You will get a loan from the bank on low-interest rates after obtaining Udyog Aadhar. So you should register your business with Udyog Aadhar.
Customer on the online market is increasing day by day, and if you want to sell your products on Flipkart, then you have to register your business. As you can see that some documents required by the Flipkart like Bank details, GST identification number, and PAN card. Udyog is also essential for a small company because after obtaining Udyog Aadhar you will get many benefits from the government schemes. And also GST is must for you as you can see that without GST you cannot run your business.
As you can see that all above given registration is must for you because after these registrations you will get more benefits and your business will run smoothly in the long term. So you should register your business under Udyog Aadhar, and you should make PAN card for your business.