E-commerce is booming today – thanks to online shopping portals such as Flipkart, Amazon, Shopclues, and SnapDeal which have transformed the shopping experience for consumers all over the country. Inventive business models such as same-day delivery with cash on delivery or card on delivery that, too, at low prices has increased online shopping volumes.
One of the leading e-commerce web stores in India today is Flipkart sold products worth around USD 2.4 billion in 2016. In the financial year 2013-14, Flipkart had a customer base of more than 2.6 crores registered users. Flipkart presently ships more than 5 Million shipments every month and has an average of more than 80 lakh page visits a day.
Hence, there is an incredible business opportunity for people wishing to sell on Flipkart as a Flipkart seller. Here’s an in-depth guide on how to associate with Flipkart and become a seller on the portal.
For selling on Flipkart, a business or person needs to become a Flipkart Seller by signing up with Flipkart. This process is easy and can be initiated from the Seller homepage on Flipkart’s website. A business or person can sign up as a Flipkart seller by specifying the information about his/her business and products which he/she proposes to sell via Flipkart. Some of the details which need to be provided and confirmed at the time of registering as a Flipkart Seller include:
Additionally, there are some other important documents which need to be submitted depending on the type of the business being registered:
If any individual wishes to sell through Flipkart on their own legal standing and name, such business would automatically be seen as a Sole Proprietorship. However, a sole proprietorship form of business doesn’t provide limited liability protection to its promoter, does not have partners or investors, is not transferable easily, not scalable enough and has restricted access to bank loans. Hence, becoming a seller on Flipkart as a sole proprietor is not advisable. Despite this, if you choose a sole proprietorship form of business, the below-mentioned documents need to be submitted:
Proof of identity
A signed declaration on the letterhead of the business declaring that the individual manages and owns the bank account which is held in the business’s name, along with
Proof of address
Becoming a seller at Flipkart as a Private Ltd. company is the most desirable choice as it offers limited liability protection for its promoters, easy transferability, separate legal entity, opportunity to involve partners or take on investors and scale-up operations quickly. The below-mentioned documents should be provided for a Private Ltd. company:
Proof of identity
Proof of Address
A seller could become part of Flipkart as a Partnership Firm. Registering as a Limited Liability Partnership (LLP) on Flipkart offers limited liability protection, separate legal entity, easy transferability and the documents needed to become a seller at Flipkart using partnership or LLP form of business include:
Proof of Identity
Proof of address
Once the seller has decided to become a seller at Flipkart and has registered as a business entity for his/her projected business, the below-mentioned tax registration and bank details would be required:
After providing the above information, registrations, and documents, the business could initiate selling its goods on Flipkart portal. On completing the business procedures related to the Flipkart seller registration, the business could set up its storefront and list its products for selling on Flipkart. Once you register on Flipkart, you will also need to adhere to all tax laws that apply to the e-commerce sector.
An important part of this compliance is filing your GST returns on time. ClearTax GST can help you file returns in a seamless and hassle-free manner. Our cloud-based software integrates easily with all existing accounting software, making the GST return filing experience extremely easy. To know more about how Flipkart sellers can file GST returns via ClearTax, do read our