Wednesday 30 August 2017

HOW TO SELL ON PAYTM: A QUICK START GUIDE

HOW TO SELL ON PAYTM?

Paytm which is India’s leading mobile wallet was started by offering mobile recharging, adding bill paytm and e- commerce, with products similar to businesses such as Flipkart, Amazon, Snap deal, Alibaba etc. So now paytm is another big giant in the e-commerce industry with their marketplace.
Selling your products on paytm is yet another opportunity for you to boost your sales, grow your online presence and earn up high revenues.This is the piece of writing to let you know how to sell easily on paytm with their marketplace Funda. First of all we need to know about the legal requirement which needs to be fulfilledjust not for paytm but for all marketplace. Even if you want to sell online through your portal then you need all these registrations which are explained below one by one:-
Pre-Checklist for the Registration on Paytm seller:-
a) VAT/CST Registration+ from state government.
b) Open a Current Bank Account on your Firm Name.
For the LLP and Private limited Companies you need also VAT/CST Registration.
Now the question arises what is VAT Registration for selling on Paytm?Ultimately VAT registration is a state tax which is imposed by the state government so that seller will have to pay taxes after they recover from the customer so ultimate burden of the VAT is on the customer which is passed from Dealer to Retailers.
Now the question comes in your mind, what are the documents which are required to sell on Paytm:-
  • Name of the Business like sole Proprietorship Firm or Partnership Firm or Privatelimited company or LLP.
  • Email address.
  • Phone Number.
  • Bank account number which is on your business name.
  • Copy of cancelled cheque.
  • VAT registration.
  • Scan copy of
  1. Address proof.
  2. Electricity bill.
  3. Bank statement.
  4. Aadhar card.
  5. Passport copy.
  6. Certificate of incorporation.
  7. Rental agreement.
Now moving ontothe process which is how to apply for the VAT Registration to register on Paytm:-
VAT (which is Value Added Tax is a multi stage tax for any business, involved in trading and manufacturing any kinds of products).Registration is state wise soevery state has their own rules and regulations but the common process to obtain VAT ID, to Register on different marketplaces:-
  • Locate Office.
  • Get application form and submit.
  • Documents
  1. Central sales tax registration certificate (Form A).
  2. Professional Tax registration certificate.
  3. Address and ID proof of the partner/ Director/Proprietor.
  4. Four passport size photographs of the Directors/Partners/Proprietor.
  5. Pan Card Number and Bank Account Number as the Proprietor/Partners/Director.
  6. Details of business activities.
  7. A copy of Rental Agreement of the business premises.
  8. Partnership deed (in case of partnership Firms).
  9. Memorandum of association and Articles of Association (in case of a Private Limited Company).
  • Verification Process
VAT authorities inspect your business premises at a time prescribed by them.
  • Payment of fees
VAT registration Fee: Rs 500.
Professional Tax:
  1. Proprietors Rs. 1000.
  2. Partners Rs. 1000 for each partner.
  3. Private Limited Company: Rs 2500.
iii. Fee based on your turnover:
  1. Rs 0- Rs 2,00,000: Rs 2000.
  2. Rs 2,00,000 – Rs 10,00,000: Rs 3000.
  3. Rs 10,00,000 – Rs25,00,000: Rs 6000.
  4. Above Rs 25,00,000: Rs 10,000.
  • Issue of VAT registration certificate.
HOW TO SIGNUP ON PAYTM WEBSITE FOR SELLING ON PAYTM:-
  1. Go to paytm Registration Portal.
  2. Signup with your email and necessary details.
  3. Verify the email and provide the necessary KYC documents.
  4. Accept the terms and conditions of the paytm.
  5. Upload your catalogue of these products and start selling on paytm.
So, these are the steps or requirements which needs to be fulfilled to be a paytm seller.
Author: This blog is written by Ms. Deepali Singh, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS and Lawyers.

Saturday 26 August 2017

Procedure to Start a Food Business in India

Planning to start a food business in India, then you need to follow few steps or say, procedure to start a new venture of food in India. The first and the most important license is the licence from Food Safety and Standard Authority of India (FSSAI), heard this name before? Yes, obviously. FSSAI is dealt by the Ministry of Family Health & Welfare, Government of India. FSSAI provides licences for the safety and standardization of food items made and sold in India, without this no shop owner or retailer will stock your products.
FSSAI LICENCE
Basically, the work of FSSAI is to set scientific standard for articles of food, to regulate their manufacturing, storage, import and export, etc. It is mandatory for every company or any start-up related to food business to be licenced by FSSAI. Though there are few additional licences with this that you need to start your food business in India, but this is one of the most important licences that you would need.
This is an initiative by Government of India, to ensure that the food produced, sold, or imported shall meet the standards of food authority, thereby, avoiding problems such as adulteration and inferior qualities of food.
The FSSAI Licence is divided into three categories:
  • FSSAI Licenses for single-state businesses with annual turnover of up to 12 lakhs.
  • FSSAI Licenses for single-state hotels, restaurants, and medium sized food manufacturers with annual turnover of rupees 12 lakhs to rupees 20 crores.
  • FSSAI central Licence for an enterprise with turnover of about 20 crores.
If your plan is to open an outlet in various cities or states in India, then you need a central FSSAI licence for your registered office and state licences for individual units. If you have warehouses in different states, you will be required to get a separate licence for each facility.
WHO REQUIRES AN FSSAI REGISTRATION
Any enterprise, company or start-up involved in importing, packaging, storing or distributing food items will need to get licenced by FSSAI.
Few steps to get FSSAI licence in India:
FILL THE APPLICATION FORM
Fill the application form mentioned in The Food Safety and Standards, Regulations 2011. First you need to check the type of licence you require from the concerned person, and then fill the form.
FORM SHOULD BE SEND TO THE AUTHORITY
Attach the following requirements with the application form and then send it to the concerned authority (Licencing Authority):
  • Self – attested declaration
  • Copies of documents provided in the declaration.
  • Fees prescribed in the declaration
  • Business name
  • List of food categories
  • Food analysis report
  • Raw material source
ADDITIONAL INFORMATION
If the authority requires any additional information or if the information turns out to be incomplete, you will be informed in writing within 15 days of your application.
Then, you will be asked to provide the remaining information within 30 days of the intimation, or else your application will be rejected and you will not get any licencing from the authority.
APPLICATION NUMBER
When the complete application will be received by the authority, including the additional information (if required), then the application number is issued. This number must be used for all future preference. After the issuance of application number, you can expect the license within 60 days of the issuance.
INSPECTION REPORT
As soon as Application ID has been issued, the authority may direct an officer to inspect the premises in which you will open your business.
After the inspection, the officer may issue a notice to you guiding you on necessary steps to be taken or the changes required.
You need to carry out required changes and alterations within 30 days or time limit given by the officer.
LICENCE APPROVAL
Within 30 days from the inspection report, excluding the time taken by you to finish the do’s and don’ts ordered by inspection officer, the concerned licencing authority may either grant the application or reject the application. However, according to the rules, before rejecting your application you will be given a chance to be heard, and if still the authority wants to reject your application, the reason for rejection shall be recorded in writing.
Author: This blog is written by Ms. Ayushi Mishra, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS and Lawyers.

Tuesday 22 August 2017

HOW TO WRITE A LEGAL ARTICLE?

How to write or how not to write is something that one cannot be taught, it comes from within, the ideas, the topic one relates to. However, legal article is different from the other form of writing, it needs to becorrect; true and contain lots of research work. One can only write if he is interested in the subject matter otherwise it will be just a normal piece of paper with not much relevance. As a law student or even as your lawyer two things are tested-
  • Interpretation skill
  • Writing skill
    And one needs to be perfect in the art of writing legal article.
    There are certain guidelines which is required to be kept in mind before one can start writing a legal article.
a) Headline of the Article- Why should one read your article and not the others. The “Headline” of the article must be relevant, catchy but one should not get carried away by putting all ideas in the headline, it must be meaningful, make sense and must be connected to the article. Reader must understand the article otherwise they are going to avoid it and move further.
Also, the first paragraph determines the quality of your article therefore always try tomake impressive start because first impression is the last impression.
b) To the Point- The article should strictly relate to the topic and should not divert from it because by doing so the reader loses his track. It should be short and crisp. Keeping it short is going to attract more readers, also the article must have short sentences and more paragraph and points as it is easier for the reader to read it. The article must either ask a question, makes a statement or give a solution.The writer must be well-read about the topic he is dealing with in the article.
Also make a checklist before sending the draft because article must be in flow and in one format, one thing followed by the other. It must not be jumbled up therefore the writer must keep in mind that first he should state thefacts, followed by issue involved, then there must be rule application (which areas of law one is using), then analysis and lastly conclusion.
c) Use of legal jargon- One needs to know its audience then select its vocabulary. If a person is writing to address common man, he should try to avoid complicated terms, and if usage is necessary same should be explained in laymen’s language. If one is writing for some competition, then he should use his legal jargon but it should not appear that one is trying to flaunt.
d) The Proof- In order to prove one point, the article can contain survey or graph, this give more emphasis as well as add to the value of the article. For example- “Should Section 377 be legalised?” These are tiny things but have great importance, sometimes one could add image as it becomes eye-catchy but it must be relevant. Too many images are just big NO but one or two would not harm at all.
e) Abstract- If a person is writing an article which is little lengthy then it must have an abstract. Abstract must be of one to three paragraphs and must convey as to the issues one is dealing with in the article.
f) Case Laws- One should try to use different case law, helping the reader to understand the situation and also it gives the writer leverage over other writers but one should not use the cases just for the sake of it, it must be relevant. Citation of the cases is equally important, there are several form of citation but The Bluebook citation always work.
g) Conclusion- There must be a conclusion in the article which should be straight forward. It must summarise the whole article and should provide with an alternative or should make a statement and also give the reason for the same to justify your statement.
Besides these basics thing, another important thing is research work. One should start their research work firstly by going to library, it can be a college library or public library where one can find books related to the issue involved. Then the writer should shift to search engine. Database must be searched and used properly. Few legal websites like HeinOnline, LexisNexis etc. are really useful in writing and learning about the topic. The research must shift from general to specific.
Have an angle to your article, instead of covering whole of the topic, try to stick to one-two essential areas and cover everything about that sub-topic instead of trying to write everything about the topic, this will help in bringing clarity to the article. Hence, inculcating everything along with creativity and originality the legal article is going to make much sense and will gain recognition.
Author: This blog is written by Ms. Ayushi Dubey, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS and Lawyers.

Saturday 19 August 2017

Minimum Amount for Company Registration in India?

Minimum Amount for Company Registration in India

Cost of Company Registration depends upon a lot of factors. One of the most crucial factor is the authorized share capital with which the company is registered. Cost of Company Registration and Authorized Share Capital both are directly proportionate to each other.
To make the process of Company Registration cost efficient, we are required to register the company with minimum requirement.
Some factors that affect the cost of Company Registration: –
  1. Initial Authorized Share Capital
  2. Number of Directors
  3. Stamp Duty
  4. Professional Fee charged by Chartered Accountant (CA & CS)
Fee of the Chartered Accountant is the major deciding factor of the cost of company registration (private limited company).
Stage Wise Cost Distribution of Company Registration Process: –
  1. Getting DSC: Digital Signature Certificate (DSC) is the most important part of Company Registration. Without this certificate, one cannot fill a single online form to register his/her company. In India DSC will cost around Rs. 1,500 to Rs. 2,000. The validity of DSC in India is of 2 years.
  2. Getting DIN: The first step for Company Registration is to apply for DIN.
Your CA or CS has to electronically certify your DIN application.
DIN Application Fee: – Rs.500 per DIN
Professional Fee of CA or CS for certifying your DIN application
  1. Getting Company Name Approved: The cost of approving the Company name from Ministry of Corporate Affairs (MCA) is not that significant. The entire process will cost around Rs. 1,000.
  2. Registering the Private Limited Company (Pvt. Ltd.): – Registration of the Company is the final step and it would take major part of your expenses.
Earlier Limited Liability Partnership (LLP) was preferred over Private Limited Company. To start a LLP in India one requires Rs.1 as contribution whereas, to register a Private Limited Company one needs a minimum capital of Rs.1,00,000 as contribution.
Provisions after 2015 Amendment:
No minimum amount of capital is required for company registration unlike previously you need to deposit Rs.1 Lakh rupees in the company bank.
So now both Private Limited Company and One Person Company is at par with Limited Liability Partnership (LLP) when it comes to minimum capital required to register the company.
Author: This blog is written by Mr. Aman Tiwari, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS & Lawyers.

Tuesday 15 August 2017

Register as Dormant Company

A Limited Company or Private Limited Company or One Person Company can enlist itself as a dormant organization and benefit certain exceptions from compulsory compliances. Lethargic company status is for the most part gotten for companies enlisted to hold a benefit or protected innovation and have no significant bookkeeping exchanges. In this article, we take a gander at the technique for enrolling as a lethargic company in India and its points of interest.

What is a dormant company?

As per the Companies Act, 2013, the definition for a dormant company is:
“Where acompany is framed and enlisted under this Act for a future venture or to hold an advantage or protected innovation and has no significant bookkeeping exchange, such acompany or an inert company may make an application to the Registrar in such way as might be recommended for getting the status of a dormantcompany. Clarification. — For the motivations behind this segment,
  1.  “Dormant Company” implies an company which has not been carrying on any      business or operation, or has not made any significant bookkeeping exchange amid the  last two financial years, or has not filed financial explanations and yearly returns amid the last two financial years;
  2. “Significant bookkeeping exchange” implies any exchange other than—1. instalment of expenses by acompany to the Registrar; 2. instalments made by it to fulfil the prerequisites of this Act or whatever other law;
  3. Allocation of shares to fulfil the necessities of this Act; and
  4. Instalments for support of its office and records; Therefore, any company that desires to be just an advantage company or have no significant business exercises can apply and turn into a lethargic company.
Eligibility for registering as dormant company
A company can apply for and become a dormant company, only if the following criteria are satisfied:
  1. No examination, request or examination has been requested or taken up or completed against the company;
  2. No indictment has been started and pending against the company under any law;
  3. The company is neither having any open stores which are exceptional nor the company is in default in instalment thereof or intrigue subsequently;
  4. The company is not having any extraordinary credit, whether secured or unsecured: Provided that if there is any remarkable unsecured advance, the company may apply under this manage in the wake of getting simultaneousness of the bank and encasing the same with Form MSC-1;
  5. There is no debate in the administration or responsibility for company and a certificate in such manner is encased with Form MSC-1;
  6. The company does not have any exceptional statutory expenses, duty, obligations and so forth payable to the Central Government or any State Government or nearby powers and so on.
  7. The company has not defaulted in the installment of labourer’s levy
  8. The securities of the company are not recorded on any stock trade inside or outside India.
Procedure for registering as a dormant company
To acquire the status of lethargic company, the accompanying strides must be trailed by the company:
The company must first lead a General Meeting of the Board and pass an extraordinary resolution for applying to wind up distinctly as a lethargic company or send notice of the same to all shareholders and acquire assent of atleast 3/4 of the shareholders in esteem. Once, the Board Resolution or shareholder’s endorsement is acquired, the same can be filed with MSC-1 (Application for status of dormantcompany) with the imperative expenses. In the event that the Registrar is satisfied with the application, then a Certificate will be issued by the Registrar in MSC-2 permitting the status of dormantcompany. Subtle elements of all dormantcompanies are kept up by the Registrar furthermore distributed on the MCA site Dormantcompanies are required to file an “Arrival of Dormant Company” every year before April 30th with the Ministry of Corporate Affairs. The arrival of lethargic company must incorporate detail of financial position of the company appropriately examined by a Chartered Accountant by and by. The arrival of dormantcompany is filed usingForm MSC-3. To re-establish the dynamic company status, an application can be made to the Registrar in shape MSC.
On the off chance that the Registrar is satisfied with the application, the company will be re-established to dynamic status by issuance of MSC-5. Once acompany is enrolled as a lethargic company, the yearly return for the company can be filed utilizing a simplified frame MSC-3. Additionally, the quantity of Board Meetings to be led by the Company is decreased and the consistence weight is lessened.
To register your Dormant Company click here
Author: This blog is written by Ms. Suyogya Awasthy, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancyfrom experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS and Lawyers.

Thursday 10 August 2017

FDI Allowed in E Commerce Marketplace 100%

What does FDI means?  FDI or Foreign Direct Investment means investment in the business of a country by a company in another country.  Mostly the investment is to expand operations of an existing business in that country. These investments take place for reasons like
  1. Take advantage of cheaper wages,
  2. Special investment privileges (e.g. tax exemptions) etc.
In India in March 2016 FDI was allowed 100% in e-commerce, as per DIPP (Department of Industrial Policy and Promotion) guidelines- FDI in e-commerce has not been allowed in inventory-based model of e-commerce but is only permitted in B2B which means business to business transaction under automatic route i.e. marketplace model of e-commerce. It is said that e-commerce marketplace may provide support service to seller in warehousing and logistics. Marketplace model is an IT platform where digital and electronic network to act as a facilitator between buyer and seller.
It was also notified that the new rules would end the discount wars, much to the disappointment of consumers. The reason being rules now prohibit marketplaces from offering discounts and capping total sales originating from a group company or one vendor at 25%. Also the seller shall be responsible for post sales, warranty and guarantee of goods sold by it and the e-commerce entity will not directly or indirectly affect the sale price of goods or services while maintaining a level playing field.
Impact of this notification:-
  1. DISCOUNT– since the government is swearing that e-commerce companies only act as a platform to facilitate vendors who are listed to sell, instead of underwriting minimum sales prices and offering discounts, and absorbing the resulting loss themselves. there are two sides positive and negative:-
  • This could be a boon in disguise as these e-commerce players would now be forced to push only such discounts that are absorbed by their vendor partners, which in turn may bring in profitability and investor confidence in these players.
  • Considering the negative side, there is a strong likelihood that online prices will now go back to the level which is comparable with offline prices; this could make online marketplaces less attractive to shoppers and investors.
  1. E-commerce valuation might shrink in short term– That is due to the fact that these companies will no longer be able to show large growth in revenues. Already, last month Morgan Stanley marked down the value of its investment in Flipkart by 27%. In the long term, the profitability will recover as heavy discounts end, and that should improve investor perception about these companies, and subsequently valuations.
  2. Level playing field for offline and also for not-so-heavily-funded e-commerce companies E-commerce companies have actually become retailers themselves by working around the ambiguities of the policy, offering rebates, which made part of dissimilarity.
It can be considered as a sign towards Goods and Services Tax(GST) that will create a uniform tax structure for goods across the country. It can be a sign towards creation of listing norms which will allow e-commerce to list in India even with mounting losses. The DIPP has allowed some relaxation for these businesses because more foreign money will mean that there will be more jobs and more opportunity in the covered areas. According to Ernst and Young, the retail market is close to $550 billion with only 1% market share taken by e-commerce today and organised retail accounts for only 7%. The increasing monetary size willsurely increase consumer choice and benefit them in the long run in the form of reduced prices. It will become difficult for the online companies to do sales, to give huge discounts to consumers. Online companies give discount to consumers and reimburse the loss to sellers as ‘promotional funding’ but now because of new guidelines such activities got limitations. The new rules say that market place firms cannot offer discounts.
What online buyer think is that they are buying products from Flipkart, Snapdeal or Jabong but actually they are buying is between the product vendor and the buyer. This is how it has been legitimized by the government.  Also, there will be increase in the number of fake online sellers. Reason being the new guidelines consumers will get cheated and online e-commerce company will say that they cannot help, as law forbids them.
E-commerce companies will now be compelled to restructure their model of operation in order to raise funds at their current estimates. Also, since FDI is not permitted in inventory-based model, crunching up higher rounds of funding would be a difficult task.
The intention behind it seems to ensure that the online vendors’ owners eventually do not turn into sellers. This could majorly affect home-developed players working as a commercial center while adjusting the end clients basically through their gathering organizations or under a plan with predominant dealers who list their items on the gateway.
Author: This blog is written by Ms. Ayushi Dubey, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS and Lawyers.

Saturday 5 August 2017

DIRECTORS IN PRIVATE LIMITED COMPANY

DIRECTORS IN PRIVATE LIMITED COMPANY
Most common and popular business type in India is Private Limited Company. Director in Private Limited Company plays the most crucial role.
What does ‘Director’ means?
Companies Act, 2013 has defined ‘Director’ as a person who has been appointed to the Board of Company. Every company has Board of Directors which is a group of individuals elected by shareholders of a company to look after the proper functioning of the company. Director act as a natural agent to represent the company who is in fact an artificial legal person. Therefore, all the actions of the company are governed by a group of people known as ‘Board of Directors’.
To become a ‘director’, one needs to acquire a Director Identification Number (DIN).
 Five Types of Directors: –
  1. Managing Director: – MD is entrusted with substantial powers over the affairs of the company. He has the power to look into the functioning of the company and the power to take decisions on behalf of the company.
  2. Executive Director: – The Executive Director is a person who is in fulltime employment of the company.
  3. Ordinary Director: – Ordinary Director is a simple director who has the power to sit in the Board meetings and participate in the decision making matters.
  4. Additional Director: – Additional Director is appointed by the Board of Directors (BOD) between two annual general meetings. Their tenure is only up to the date of the next annual general meeting.
  5. Professional Director: – Those directors which possess professional qualifications and do not have any capital interest in the company are called Professional Directors.

Number of Directors in a Private Limited Company

A business or corporate entity cannot be appointed as Director of a Company. Only living people (individuals) can be appointed as the Director.
Following are the minimum number of Directors in different types of Companies:
One Person Company: – Minimum One Director is required mandatorily in One Person Company.
Limited Company: – Minimum Three Directors are required in a Limited Company.
Private Limited Company: – Minimum Two Directors are required in a Private Limited Company.
No provision in Companies Act, 2013 is present that prohibits the appointment of any foreigner or NRI as Director of a Company. However, under Section 149(3) of the Act, makes it mandatory to have at least one Director who has stayed in India for a total period of not less than 180 days.
Author: This blog is written by Mr. Aman Tiwari, a passionate blogger & intern at  Aapka Consultant.
How Aapka Consultant can help you:-
  • Get free expert consultancy from experts.
  • We available every time to solving your legal queries.
  • Get one stop solution for all legal compliances.
  • Process application within 24 Hours.
  • Trusted by Most Valuable Startups.
  • We Understand Startup Budget & their needs.
  • Get quality services at pocket price.
Visit: Aapka Consultant to get Online Services of CA CS & Lawyers.

Thursday 3 August 2017

HOW TO SELL TO USA FROM INDIA via AMAZON

Gone are the days when a businessman was confined to a small region to sell his products or else a huge amount of money was required for supplying the items in other regions and that to with so many limitations.Now one need not be a big businessman to seek his customers in other states of country or even abroad like USA. This can easily be done now from one’s own establishment using the technology. A web site of your own is required to be developed for illustration of your products or else you may use a third party e- commerce portal for selling your products. Here we will be discussing to sell your products in USA through Amazon –a well-known e portal.
For selling the products in USA, you have to follow the following steps-Registration at Amazon.com and opening of seller account, fulfillment and Shipping, customer support and return. Please be clear that you have to be registered in Amazon.com even if you are already registered on Amazon.in for selling your products in India.
Registration and seller account on Amazon.com
You will be registered on Amazon.com with your name, email id and password.After registration on Amazon.com you have to create sellers account by providing your business details, phone no., a valid international credit card, and tax information. For tax information you will have to complete a W-9 form if you are a US tax payer or W-8BEN for if you are a non US tax payer. Your status for this   will be determined by following an online step by step interview. You will also be required to inform whether you want to sell as individual where fee is charged on commission bases per item and transactions are limited to less than forty or as professional where fee is charged as monthly subscription plus additional fee for items sold and no limit on transactions.Here also in you seller accounts you are required to enter the items you want to sell.Please note that items selected should meet the standards and specifications of USA. Saleable items falling in open category do not require any approval while other products require approval from Amazon. If requirements are met as indicated by Amazon, approval can be requested by using ‘Contact us’ form.  Items may be added or deleted also afterwards.
For selling your products, login your seller account, click yours products for sale, enter quantity, price, details and specifications of the product, shipping details and estimated time of supply.
Fulfilling and Shipping
(a) On your own
When customers in USA purchase your products on Amazon, one way to fulfill these orders is to ship them yourself internationally direct to your customers. So you have to choose the carrier that can ship internationally.The carrier acts as the broker by default according to the terms and conditions on the freight bill.The carrier will collect the duties from the buyer upon delivery of goods.
Customers should be provided with accurate information about the country from which you are shipping your product. Specifically, you need to accurately state the ‘shipping from’ country in your seller profile and manage customer expectations by stating the actual shipping times from your country. You will be responsible to meet the shipping expectations for all orders you receive.
International shipping charges depend upon package dimensions and weight, delivery time and source (where you are shipping from) and destination (where you are shipping to).
In addition to the above charges, you should be aware of customs duties and taxes that will need to be paid. Amazon is not responsible for any customs duties and taxes associated with FBA inventory. Any shipments arriving at an Amazon fulfillment center with customs duty charges due is returned to sender. Approximate shipping charges for shipping to USA may be estimated by following the link http://www.ups.com.
(b)Fulfillment by Amazon (FBA)
An alternative way to fulfill your international orders is to use Fulfillment by Amazon (FBA) in the country corresponding to the Amazon marketplace where you are listing your products i.e.USA. Using FBA will require exporting your products for storage in an Amazon fulfillment center at USA, to sell them to customers.
By using FBA you can decrease the shipment time to your customers making your offers more competitive and provide returns and local language support. Shipping task is also taken care of by Amazon fulfillment center.
Customer Support & Returns
  • When fulfilling yourself
It’s not just the picking, packing, and shipping to customers that you’ll need to handle. Customers expect prompt, helpful service when they have questions or concerns about your products. So a timely and local language support is needed. You may be tempted to use automated computer translators or hire a third party service providers.
When listing in an international marketplace and fulfilling items on your own, you must either provide customers with a local return address within the country of their Amazon marketplace website or offer them free shipment for returns. This is a requirement to sell on Amazon’s marketplaces.
So you haveconsidered how your customers will return itemsconveniently that they purchase from you.
  • Customer support when using Fulfillment by Amazon
When you use FBA, Amazon will provide 24-hour customer support on your behalf in the local language of the relevant marketplace. It will also take care of every query or customer help required. Even the returns, refunds or partial refunds are taken care of.
For payments you may open an account in USA bank or use currency convertor and get money at your place.
Author: This blog is written by Ms. Eishani Behl, a passionate blogger & intern at  Aapka Consultant.
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