The e-commerce sector in India has been growing by leaps and bounds.
India has along with the rest of the world been witnessing unprecedented growth in e-commerce transactions. It has now become imperative for the business to understand and adopt e-commerce to grow trade in India.
In this article, we look at what are Compliances for registration to be followed by E-commerce Seller.
What is E-commerce?
As per Section 2(44) of CGST Act, 2017, Electronic Commerce (eCommerce) means the supply of goods or services or both, including digital products over a digital or electronic network.
E-Commerce refers to a business model that allows companies and individuals to buy and sell goods and services over the Internet.
Who is E-commerce Operator?
“Electronic Commerce Operator means any person who owns, operates, or manages digital or electronic facility or platform for electronic commerce”
Example: Amazon and Flipkart are E-Commerce operators who facilitate third-party suppliers to supply goods through their (Amazon/Flipkart) online marketplace. However, if Amazon and Flipkart were to supply their own goods on this platform, then they do not come under the definition of E-Commerce operators.
Who is E-commerce Vendor & their Registration Requirement?
Persons who sell goods/services through an e-commerce operator are e-commerce sellers. They may be selling goods/services through one or more e-commerce operators and may also sell through their shops/offices along with such platforms.