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You will have to invoice your sellers for the services you provide. If your sellers have GST Registration, they will have to give you their GST Registration number so that they can get input credit on the GST you will be charging them. If the money is transferred by the customers to the sellers on your platform you need not keep any documents of the s...
W Network
caHi, I would like to know legal mandatory regarding business requirement. I'm going to start e-commerce website, online shopping website where sellers from across India can create their stores for multiple categories like Food, Fashion, Electronic, Home Need products. All these sellers will be local to their respective location buyers and most of them will be small/medium size business merchants like chat center, bakery store, ice cream parlor whose income/sell may not cross 4 - 5 lakhs per year.
My query here is, as website owner where I'm providing the platform for multiple sellers to sell their products and my website will not generate any bills to customers, sellers will provide their respective bills either in printed/manual format to the customer. Do I need to maintain/collect records of sellers TAN/PAN/VAT or MSME, IIP kind of legal documents with me either is original/xerox copies? If I do not hold their documents related to taxation, will I be facing issues legally?
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W Network
caYou will have to invoice your sellers for the services you provide. If your sellers have GST Registration, they will have to give you their GST Registration number so that they can get input credit on the GST you will be charging them. If the money is transferred by the customers to the sellers on your platform you need not keep any documents of the sellers. However, you will have to get a proper Terms of Services drafted for your company where you explicitly mention that the customers understand the risk and you will not be responsible to ascertain the genuineness of the company. In the absence of such Terms of Services, the customers may sue you and you will be in some legal trouble.
To take this discussion forward, all you have to do is ->"Get your Wazzeer"
about 3 years ago
View answer
Hi, I would like to know legal mandatory regarding business requirement. I'm going to start e-commerce website, online shopping website where sellers from across India can create their stores for multiple categories like Food, Fashion, Electronic, Home Need products. All these sellers will be local to their respective location buyers and most of them will be small/medium size business merchants like chat center, bakery store, ice cream parlor whose income/sell may not cross 4 - 5 lakhs per year.
My query here is, as website owner where I'm providing the platform for multiple sellers to sell their products and my website will not generate any bills to customers, sellers will provide their respective bills either in printed/manual format to the customer. Do I need to maintain/collect records of sellers TAN/PAN/VAT or MSME, IIP kind of legal documents with me either is original/xerox copies? If I do not hold their documents related to taxation, will I be facing issues legally?
-
W Network
caYou will have to invoice your sellers for the services you provide. If your sellers have GST Registration, they will have to give you their GST Registration number so that they can get input credit on the GST you will be charging them. If the money is transferred by the customers to the sellers on your platform you need not keep any documents of the sellers. However, you will have to get a proper Terms of Services drafted for your company where you explicitly mention that the customers understand the risk and you will not be responsible to ascertain the genuineness of the company. In the absence of such Terms of Services, the customers may sue you and you will be in some legal trouble.
To take this discussion forward, all you have to do is ->"Get your Wazzeer"
about 3 years ago
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