Selling on Amazon IndiaAmazon offers a marvellous internet-based business platform for all businesses to rapidly establish a pan-India reach. The platform offers a wide range of product categories ranging from digital accessories to lifestyle goods. Selling products on Amazon has numerous advantages when compared to starting a new e-commerce website for your own business. The building, developing, and maintenance of the online marketplace, payment processing, logistics handling, marketing, etc., are fully taken care by Amazon on behalf of their sellers. On the other side, developing an e-commerce website causes many challenging aspects in terms of logistics handling, marketing, payment processing etc.
Becoming a Seller on Amazon IndiaIn order to become a seller on Amazon, visit the Amazon Seller Sign up page and click on the ‘Register Now’ button to begin the process of seller registration. During this seller registration process, you need to provide basic details like the name of your business entity, official address, and the phone number.
Business Entity NameFor registering yourself as an Amazon seller partner it is highly recommended that you register as an LLP (Limited Liability Partnership), or OPC (One Person Company), or Private Limited Company, as these entities provide limited liability protection and are easy to start. While selling products through online e-commerce portals like Amazon, the business promoter could theoretically face litigation or liability from vendors/customers and therefore it is very important to have limited liability protection. If you’re selling your products via a registered business entity (Limited Liability Partnership or Private limited Company) then you must enter the entity name, else enter the proprietor’s name.
Address and Phone NumberYou must give the entity’s registered office address or place of business in the respective column. You have to provide a phone number that can be a mobile number as Voice Call or SMS verification would be needed for registration.
GST Registration InformationFor sellers selling certain products which are not covered under GST, the GST registration is not required. For all others selling any product for which Goods and Service Tax is applicable must furnish GSTN number to start selling their products through Amazon India.
Bank Account InformationThe potential seller is required to furnish the following information pertaining his the bank account of the business to Amazon in order to complete the seller registration process with Amazon India:
- Bank Account Holder’s Name
- Bank Account Number
- Bank IFSC Code
- Account Type