In this era of technology and advancement, e-commerce has been an art of smart selling. Think of anything, and you get it at your doorstep in just a click. E-commerce has made life much simpler by providing everything that we can name at the doorstep. People have been inclining towards the use of such e-commerce portals. And Flipkart being one of them has acquired around 10 Crore customers with 3 Crore registered users. Therefore, it becomes an immense opportunity for a seller to increase its customer base and reach out around 10 Crore customers throughout. Learn how you can register and the benefits you can avail.
To start selling on Flipkart, an individual, needs to sign up on the Flipkart Seller Registration homepage. The process for signing up is as easy as creating a Facebook Account. The seller can sign up by providing certain basic information about himself, about the business and the products he wants to sell. Certain basic information which is required during registration is listed.
In addition to the basic information about himself, the seller is also required to furnish Flipkart with various other business related information depending upon the type of business as mentioned.
If the seller decides to sell in his own name and legal standings, the business will automatically be professed to be a sole proprietorship business. However, in case of a sole proprietor, the liability is not limited and no protection is provided to the promoter. Also, it is not easily transferrable and cannot have investors and partners. Following details and documents need to be submitted by a sole proprietor.
The liability of an LLP is limited. Hence, it is advisable to always register as a partnership firm as it provides protection against unlimited liability. It is also easily transferable and is considered to be a separate legal entity. Following details and documents need to be submitted by an LLP.
A Private Limited Company is the most preferred form for seller registration as it has the ability to take on investors and scale up the operations. Following details and documents need to be submitted by a Private Limited Company.
A seller can also register itself as a Trust or a Foundation. Similar documents need to be submitted as in case of an LLP or a Private Limited company in order to prove its legal identity and proof of address.
Step 1: Signing up at Flipkart Seller Homepage
Step 2: Registering the business
Step 3: Listing the products
Step 4: Updating price and stock count
Step 5: Receiving new orders, Packaging that order, dispatching the order, tracking the order
Step 6: Handling returns
Step 7: Receiving payments
Step 8: Tracking the order performance
1. Reaching 10 Crore Customers: In this era of technology and advancement, with Flipkart, it became very easy to reach out to around 10 crores of registered customers throughout the country. It has helped and still helping to enhance and advance the business.
2. Quick Payments: With the Bank accounts being linked with the Flipkart Seller account, the payment for the products bought by the customers are quickly and easily transferred to the bank account of the seller making it easy to transact with the customers relating to purchases and returns.
3. Dedicated pick-up services: Upon receiving the order, the seller is only required to prepare the order. It is no part of seller’s headache to dispatch it. Flipkart provides a dedicated pick-up service at seller’s end to pack and dispatch the product to the customer.
4. Attractive Reward Programme: The e-commerce company has rolled out various initiatives and reward programmes for its seller partners which includes reduced commissions and other benefits.
|Selling Price (decided by the seller) (A)||1000|
|Flipkart Commission (varies from product to product) (B)||50 (5% – assumed)|
|Shipping Fee (as applicable) (C)||30|
|Fixed Closing Fee (fixed by Flipkart) (D)||10|
|Total Marketplace Fee (B+C+D)||90|
|GST (rates varying form product to product) (E)||50|
|Total Deductions (B+C+D+E) = (F)||140|
|Settlement Value (Credit to the seller) (A-F)||860|
Initially, the VAT/CST was to be paid by the seller to the government. After the introduction of GST, e-commerce operators (Flipkart) collect the amount at the rate of 1% (0.5% CGST + 0.5% SGST) of the net value of taxable supplies made through it. The amount so collected is known as TCS (Tax Collected at Source).
The TCS will be applied on one month’s collection which will be paid to the government. This amount of TCS will be seen in the GSTR-2 of the registered supplier on behalf of whom the collection is done.
The seller needs to submit an online statement, which has the details of all the products sold through the portal and the TCS in Form GSTR-8. The details furnished by the operator in his form will be matched with that of the respective seller in his form.
Ans: Yes! Flipkart offers various attractive reward programmes to its registered sellers.
Ans: Flipkart has set up a Seller protection Fund (SPF) to protect the sellers against Fraud. The seller can request for SPF claim through the seller dashboard.
Ans: Wait for the PIN Code to become serviceable or try with some other PIN Code.
Ans: Apart from certain products which do not attract GST, it is mandatory to have GST Registration.