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In India, Amazon sellers are required to sign up for GST. We all know that Amazon is a place to buy and sell things online. It gives sellers and buyers the same place to meet. It helps people sell their goods and services all over the world. Using Amazon, people can buy things from anywhere in the world. In fact, it is one of the most popular online stores in the whole world.
So, it has a lot of potential for any business that wants to do business online. After getting GST Registration, it is important to know how to become an Amazon seller partner step by step.
This article talks about GST Registration for Amazon Sellers and how to become an Amazon Seller.
Who are Amazon Sellers?
The Amazon online marketplace has a programme called “Amazon Sellers.” So, it gives you the chance to sell your product on Amazon.
There are two kinds of seller programmes on Amazon. Let’s take a look at both.
Amazon Vendor Central
Amazon Vendor Central is a programme for manufacturers and distributors who have been asked to join. It gives your goods to Amazon, which then sells and markets them to customers on Amazon.com.
In simple terms, you sell your goods directly to Amazon through the Amazon Vendor Central Program. So, Amazon puts those products in their own inventory and sells them. Also, Amazon pays vendors directly and lets them choose their own shipping methods and costs.
Amazon Seller Central
On the other hand, Amazon Seller Central is available. This is what most sellers do. It lets anyone use Amazon as a platform for selling their own goods and services. In simple terms, you can sell your goods or services to Amazon customers through this seller central programme.
In this programme, however, the seller is in charge of everything. For example, listing products, following the law (like filing a GST return), advertising, etc.
Now, let’s look at what each programme has to offer.
Benefits of Amazon Vendor Central
There are a lot of great things about Amazon Vendor Central. Let’s take a look at a few.
First of all, Amazon might buy a lot of your products.
Second, you get some tools that you can’t find in Seller Central.
Amazon does all the advertising and marketing for your product.
Last, you don’t have to worry about pricing, shipping, etc.
Benefits of Amazon Seller Central
There are also many benefits to Amazon Seller Central. Here are a few of the most important ones.
First of all, Amazon Vendor Central lets you get millions of new customers to your online store every month. We all know that Amazon’s market place is huge. So, you will have more chances to meet new and different customers on the international market.
Second, Amazon’s Market is known for its reliability, selection, and ease of shopping online. Also, Amazon’s marketplace lets you brand your products for free.
In the same way, once you’ve learned how to sell on Amazon, you can try flipkart and other online marketplaces.
Why GST Registration is mandatory for Amazon Sellers?
The most basic tax is the goods and services tax, which everyone has to pay on all goods and services (GST). It is the act of getting tax money for the government.
GST is a single tax for the whole country that was made by the government. GST registration is the basis for all other tax lines, such as Central Excise, Service Tax, VAT, etc.
Because of this, Amazon Sellers have to do it. It lets them do business online while still meeting tax requirements.
Procedure to Become Seller on Amazon
It’s easy to become an Amazon Seller Partner. All you have to do is do what is written below.
Company Formation
Company Formation is the first step for anyone who wants to sell on Amazon. Experts say that people should form a company because it protects them from liability. India has many different types of business structures, such as:
- Private Limited Company
- Public Limited Company
- One Person Company
- Partnership Firm
- Limited Liability Partnership
- Sole Proprietorship
GST Registration for Amazon Sellers
GST is an acronym for “Goods and Services Tax.” It works for a lot of goods and services. But you don’t need to register if you sell goods and services on Amazon that are exempt from GST.
If they don’t, every other business on Amazon has to sign up for GST Registration. Even Amazon has made it clear that only seller partners with GST Registration are allowed to sell on the portal.
Basic Details and Account Details
If you want to become a seller partner on Amazon, you must fill out the appropriate column with the entity’s registered office address or place of business. When you sign up for Amazon, you must also give a phone number for verification purposes.
To finish registering as a seller on Amazon India, the potential seller must give Amazon the following information about his business’s bank account:
- Name of the Bank Account Holder
- Account Type
- Bank Account Number
- Bank IFSC Code
After you’ve done all of these things and taken the Amazon Partner quiz, you’re ready to sell on Amazon.
Documents required for GST Registration for Amazon Sellers
- Pan Card of Company and all Directors
- Aadhaar/passport all Directors
- Canceled Cheque of firm or passbook first page
- Photo of all Directors.
- Name of the business
- Nature of business
- Product deals with
- Shop rent agreement
- Building tax receipt
- Electricity bill
- DIN number of all Directors
- Certificate of incorporation
- Board Resolution
- Mobile no and Email id office and all the directors
- Digital Signature
How to optimize your product listing on Amazon?
Now that we know how to sell on Amazon, let’s learn how to list products on Amazon in the best way possible.
First, give each product a title that is catchy and accurate.
In the same way, give a full description of each product or service. Also, talk about the good things about the product or service in an interesting way.
Improve the pictures. Also, use videos to show off the things you’re selling.
Request that your current customers write reviews of your products on Amazon.
Last but not least, you can also use Amazon ads to get more people to your site.
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