E-commerce Business Registration
In current global scenario, e-commerce is the only platform to reach and connect whole world. There are two types of e-commerce platforms, Single Vendor marketplace and multi vendor marketplace.
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E-commerce business registration purely depend upon the size of organization and business need. Normally, most of the e-commerce business registration choose to opt for corporate form of Registration and thus choose for Private Limited Company Registration and thereafter convert it to other form of business after obtaining the scalability of operations. There are two types of business, viz Single vendor marketplace is the scenario where there is single seller promote its products online to global customer, on the other hand multi-vendor marketplace is the scenario where on a single platform there are multiple vendors registered and showcase their products online to global customers.
In Single vendor market place, the vendor is free to decide its price and earn profit on its own account. In Multi-vendor market place, there are various vendors registered on your platform and thus the owner of e-commerce platform earns commission income from the products sold.
In India there are different forms of business set-up viz One Person Company (OPC), Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company etc. To set-up an e-commerce business the need to choose the form of business depend upon the type of marketplace and management decision. Irrespective of the form of business, it is always open to expand and change the form of business depending upon the shape, size and expandability of business.
Normally most of the business starting their online presence in e-commerce industry prefers corporate form of business by incorporating a private limited company. Main reason for this is creating PAN India presence and engaging the vendors and establishes supply-chain function all this can be done in a corporate form of business. E-commerce business create online presence which can be accessed from anywhere, thus holding a corporate form of entity provides reliability on e-commerce transactions. As almost all the activities of e-commerce are online, there is need to embed an online accounting software which ensure for online invoice generation and various other related automated features for real time report generation.
We at ReturnFilings.Com will understand the purpose of your proposed e-commerce business and thereafter will provide you analysis of e-commerce business registration as compared to other form of business covering almost all scenarios to carry out business effectively and efficiently. We at ReturnFilings.Com will apply for PAN on behalf of your business set-up in e-commerce and thereafter provide registration under GST to carry out the trade and service activities, Obtaining Import Export Code (IEC) to carry out import or export activities, obtaining FSSAI Licence from Food Supply and Standards Authority of India to carry out merchandising in food related activities if required depending upon case to case basis, obtaining Udyog Aadhaar under Micro Small and Medium Enterprises (MSME) in order to avail MSME benefits, Obtaining TAN (Tax Deduction and Collection Account Number) in order to ease of business transactions. Newly incorporated e-commerce can also register under the start-up India scheme and avail the benefits under this scheme.
E-commerce Compliance are never-ending process, the rules and regulations use to change regularly; we keep a track on recent updates and notification and advice the same on a real-time basis to all concerned. Even after obtaining registration under various laws, we at ReturnFilings.Com also fulfill various compliance on your behalf in order to ensure proper and smooth functioning of business and to avoid unnecessary interest or penalty for non-compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.