Prepare Four things before to start your online business on Amazon


  • Thousands of Indians have started and established their online business successfully. 
  • To grow with them and join the Amazon marketplace, here are the four things you need:



  1. Contact Details – Once you register your account on Amazon, you will be required to share your contact number and email address. These details (contact number and email address), once verified will help you connect with your customers and keep a tab on your daily order notifications.
     
  2. GST Number – With the latest indirect Taxation system coming into execution in the June of 2017, all forms of indirect taxation are now clubbed under one umbrella, GST (Goods and Service TAX). The A to Z GST Guide can briefly help you understand how you can enroll for GST if you are new seller and don't have a GST number yet.
     
  3. PAN number – The PAN (Permanent Account Number) is an essential document issued by the Income TAX department of India to all individuals and business owners. The unique 10 digit number helps keep a track on your TAX deductions and also works as a proof of identification at some places.
    Your individual PAN Card/number is different from a business PAN number. If you are self-employed and own a business, you will have two PAN numbers, one for yourself and the other one for your business.
     
  4. Bank Account Details – The benefit of doing an online business is that you also earn online. The amount of money you earn through sales is directly transferred to your registered bank account. To enable this, you must provide your complete bank account details including the IFSC code and other necessary details. 

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