How to Start an E-commerce Business in Kerala?
Ecommerce is otherwise known as electronic commerce in which all the transactions of goods and services were done online. In India, either you can start your e-commerce business of your own or else you can join in a well-established e-commerce business. The e-commerce industry is growing rapidly in the market and many of the customers buy their groceries or the necessities through online shopping. According to a study worldwide, people have purchased $2.86 trillion on the web in 2018 and it is estimated that Global retail e-commerce sales are going to reach $27 trillion by 2020. Let’s assume that you are planning to start your own e-commerce business model, what and all legal documents you have to make it ready for initiating the business? Let see the answer to this question in the proceeding blog.
Step by step guide on registering your e-commerce business:
Here are the few essential steps you need to initiate if you are planning to set up an e-commerce business in Kerala.
Registering your Company :
If you are planning and getting started with your e commerce business registration in Kerala, first thing you have to do is your company registration or LLP registration, so it helps to open an official bank account and it becomes easy to obtain GST also. All these e-commerce websites were provided to open an online platform to sell their business with no limited liability protection. Either you can go for LLP or a company.
Tax Registration:
Tax registration is always necessary to buy or sell products and it is important in India to have GST for all the business. For selling your products in an online platform too you have to register GST and other tax forms.
Business Bank Account:
When you successfully incorporate your organization or an LLP, it becomes easy for you to obtain a business bank account for your company. If you are opening the account in the name of a business firm, then you must have a GST certificate in the name of the business to open a bank account.
Payment Gateway:
A payment gateway is another important factor if you are setting up an online business. In the e-commerce platform, most of the business transactions happen through online mode, payments through debit/credit card, net banking and etc. By setting up the payment gateway for your business, when a customer makes an online transaction for his purchase, the amount will be automatically credited in your account.
Shipping Solution:
While you are selling your products online through the e-commerce platform, it is necessary to ship their products. Hence it is equally important to set up the logistics part. These logistics company helps to deliver your products to the customers who made a purchase online.
Before set up an e-commerce business in Kerala, it is a must to ensure that you have to set up all your business legalities. Disclaimers, privacy policies, terms, and conditions return all of these things should be properly communicated. If you really need help on all the legalities that are necessary to set up your business, then just give us a call we are here to help you.