Amazon is a well-known online marketplace where people may sell and buy things. It is the United States of America’s largest internet retailer. Amazon has committed more than 2 billion dollars to construct and promote Amazon India, the company’s Indian subsidiary. You can visit the Guide to FBA Selling for more information.
Amazon Is A Great Place To Sell
Amazon provides a fantastic internet-based business platform that allows any company to develop a pan-India presence quickly. The platform has a diverse selection of digital accessories to lifestyle items.
Instead of having your e-commerce website, selling things on Amazon has various advantages. Amazon manages the creation, development, and maintenance of the online marketplace and payment processing, logistical management, and marketing on behalf of their sellers.
How To Become An Amazon India Seller?
To become an Amazon seller, go to the Amazon Seller Sign-up page and click the ‘Register Now’ button to begin the seller registration process. Throughout the seller registration procedure, you must give basic information such as your company entity’s name, official address, and phone number.
Phone Number And Address
In the appropriate column, you must enter the entity’s registered office address or location of operation. You must supply a phone number, a mobile number, as verification via voice call or SMS is required for registration.
Name Of The Company
It is highly advised that you register as an LLP (Limited Liability Partnership), OPC (One Person Company), or Private Limited Company when enrolling as an Amazon seller partner, as these businesses give limited liability protection and are simple to set up.
While selling products through online e-commerce platforms such as Amazon, the business promoter could face litigation or liabilities from vendors/customers; hence limited liability protection is essential. You must input the entity name if you’re selling your products through a registered business entity; otherwise, enter the proprietor’s name.
Information About GST Registration
GST registration is unnecessary for sellers selling certain products not subject to GST. To begin selling their products on Amazon India, anyone selling a product subject to Goods and Service Tax must first obtain a GSTN number.
Information About Your Bank Account
To complete the Amazon India seller registration process, the interested seller must supply the necessary information regarding his business’s bank account to Amazon:
- Name of the Bank Account Holder
- Account Type
- Bank Account Number
- Bank IFSC Code
How Does Amazon FBA Work?
Selling things on Amazon is simple. To begin, create a list of what you want to offer on Amazon’s marketplace. When a consumer makes a purchase, you will receive an email notification instructing you to ship the item. You can either begin delivery of the chosen product to the consumer or confirm shipment or you can let Amazon fulfill the order through their logistics division.
After subtracting its fees, Amazon will credit the cash to your bank account. GST compliance is a critical element of the Amazon Seller registration procedure, as you can see above. ClearTax GST has worked with Amazon India to simplify Amazon India suppliers to become GST-ready.