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The easiest way to sell your clothes online would be to join an established marketplace like flipkart, Amazon, etc. To become a part of an online e-commerce marketplace all you need to have is a bank account and a Tax registration number. The e-commerce marketplace will take care of everything, i.e. website design, website development, technolog...
W Network
caWhat are the effective platforms to sell clothing online in India when I don't have business trading registration? What are the tax and compliance requirements for a business like mine?
-
W Network
caThe easiest way to sell your clothes online would be to join an established marketplace like flipkart, Amazon, etc. To become a part of an online e-commerce marketplace all you need to have is a bank account and a Tax registration number. The e-commerce marketplace will take care of everything, i.e. website design, website development, technology, marketing, payment gateway, etc. thus reducing your workload. Also, you can join multiple e-commerce marketplaces at the same time increasing your customer base.
Legal Compliances:
- It is recommended that you register yourself as a limited liability company or private company.
- If you decide to sell in your individual capacity, the business will automatically be perceived to be a Sole Proprietorship business. A sole proprietorship business does not offer limited liability protection to the promoter, is not easily transferable, cannot have investors or partners, and has limited capacity to obtain bank loans. However, in case a sole proprietorship is chosen, you will be required to submit your identity proof and address proof.
- PAN Card
- GST registration. Being an LLC or private company will help you get fast and easy GST registration.
- You will need a Bank Account in the name of the business, to receive payments from customers. The marketplace would accept the payment through their payment gateway and credit the money to your bank account directly.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get Started!"
about 3 years ago
View answer
What are the effective platforms to sell clothing online in India when I don't have business trading registration? What are the tax and compliance requirements for a business like mine?
-
W Network
caThe easiest way to sell your clothes online would be to join an established marketplace like flipkart, Amazon, etc. To become a part of an online e-commerce marketplace all you need to have is a bank account and a Tax registration number. The e-commerce marketplace will take care of everything, i.e. website design, website development, technology, marketing, payment gateway, etc. thus reducing your workload. Also, you can join multiple e-commerce marketplaces at the same time increasing your customer base.
Legal Compliances:
- It is recommended that you register yourself as a limited liability company or private company.
- If you decide to sell in your individual capacity, the business will automatically be perceived to be a Sole Proprietorship business. A sole proprietorship business does not offer limited liability protection to the promoter, is not easily transferable, cannot have investors or partners, and has limited capacity to obtain bank loans. However, in case a sole proprietorship is chosen, you will be required to submit your identity proof and address proof.
- PAN Card
- GST registration. Being an LLC or private company will help you get fast and easy GST registration.
- You will need a Bank Account in the name of the business, to receive payments from customers. The marketplace would accept the payment through their payment gateway and credit the money to your bank account directly.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get Started!"
about 3 years ago
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