Your browser will redirect to your requested content shortly. Your browser will redirect to your requested content shortly. Enter the email address associated with your small Ecommerce Business Ideas, and we’ll email you a link to reset your password. How to start an ecommerce business in India The e-commerce industry is witnessing a tremendous growth in India backed by increasing smartphone and internet penetration. Setting up an ecommerce business Business conducted over the internet is called ecommerce.
Currently there are two main modes to starting an ecommerce business, a proprietary ecommerce website or joining an established marketplace. Creating a proprietary ecommerce wbesite is one of the hardest method of starting an ecommerce business. Starting a proprietary ecommerce business requires a web development team, online marketing team and a payment gateway for receiving payments. Joining an ecommerce marketplace as a seller often requires only a bank account and VAT registration, making the process easy and simple. Further, on an ecommerce or mcommerce platform aspects such as technology development, marketing, payment gateway, logistics, etc.
Company or LLP Registration While starting an ecommerce venture it good to have a company or LLP to have limited liability protection and improve the ease of doing business. Service tax registration are easy and fast. Almost all marketplaces allow Proprietorships and Partnership firms to sell on their website. However, there would be no limited liability protection in case of a litigation. Hence, it is best to start selling with a LLP or Company. VAT Registration A VAT registration is a must for becoming a seller on a ecommerce portal or while starting a proprietary ecommerce website. VAT registration is required for anyone selling goods or products in India and must be obtained from the State’s Sales Tax Department. Bank Account Once the Company or LLP is incorporated, a bank account can easily be opened in the name of the business by contacting a Bank.
In case of Proprietorship firm, VAT registration must first be obtained to open a bank account in the name of the business. Opening of bank account is essential to list on a ecommerce marketplace or obtain payment gateway for a proprietary ecommerce website. Payment Gateway A payment gateway would be required for a proprietary ecommerce website to process customer payments. Payment gateway provides allow for the website to accept credit card, debit card, net banking, internet banking payments from multiple banks and credit card companies. Therefore, one payment gateway is sufficient to accept many forms of online payments.
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