Would you buy electronics like cell phones and headphones from a book store?
Leave alone electronics. Would you consider buying clothes and other essentials from an online bookstore?
The very idea seems absurd, doesn’t it? But that’s exactly what the e-commerce giant Amazon brought into reality. Amazon.com started as a simple book-store to sell books for people all over the United States Of America.
The owner of Amazon, Jeff Bezos saw a good chance to sell products through the internet and grabbed at the opportunity. Slowly expanding amazon also laid its roots in India with their very own domain Amazon.in.
Amazon has a business model, where common people like you and me can register as a seller and start earning. India has its own set of rules based on GST and that is why we have written this article.
We will explain the easiest way to obtain a professional address for Amazon GST registration in this article. So get your reading mode on and read along.
What does an Amazon seller do
Have you ever wondered, how amazon manages to list such a large variety of products in its listings?
It is all possible, thanks to a large amount of Amazon sellers who sell and ship these products under the brand name Amazon. As an Amazon seller, you are responsible to store the products in a warehouse and sell it to the customer when they make a purchase.
Every Amazon seller needs to have a GST number in every state where it is storing the products in Amazon Warehouses. As part of the GST laws, since the sale is happening in that particular state, the tax revenue of that sales should go to that particular state where the warehouse is present. To be able to comply with Fulfillment by Amazon (FBA) program, in order to be in a 1-2 day delivery timeframe, the seller needs to store goods in warehouses in cities that are closest to its main markets. This increases sellers’ sales by 35%.
Amazon necessarily requires the seller to have a GST number of every state where the goods are stored of that seller in that state. The prerequisite for getting GST registration is having a physical address in that state for PPOB (Principal Place of business in that state). This is why every person selling on Amazon requires a physical address for GST Registration in that particular state. With a GST address, you can get your very own GSTIN number if that state, with which is a basic requirement as per Azamzon to allow the seller to store his goods in warehouses of that state.
How do I register myself as an Amazon seller
There are some prerequisites for registering yourself as an Amazon seller. The most important are
- Tax information such as GSTIN and PAN number.
- An Active Bank Account.
Once you have done registering with the details, Amazon will provide you with a Seller Central account for listing your products on the Amazon website. You can also list your products with the help of the Amazon Seller App.
Support for photography of your listed items will be provided by third-party Amazon services (https://services.amazon.in/services/sell-on-amazon/service-providers.html?ref=as18_in_soa_hiw_spn ) if you find any difficulty.
Once a customer makes an order, you can send the product to them in two ways
- If your listings are Fulfilled By Amazon, then Amazon will take care of all the process from storing of products to customer inquiries.
- If your listing is not FBA approved, product storage will be handled by you in your Amazon GST address, whereas delivery will be taken care of Amazon’s delivery service.
All the payment amount will be deposited into your Bank Account once every 7 days.
What is the easiest way to get an Amazon GST address
Virtual Office Spaces are the cheapest and quickest means of obtaining a professional Amazon GST address. These are professional office-space in business centers/coworking spaces that are located in prime business locations, all across India.
Premium Virtual Office Space providers like InstaSpaces offer locations across all the 29 states of India. All these locations have high-quality prime address locations which give a very professional outlook to your Amazon GST address.
Here are some examples of the locations offered by InstaSpaces in India
- Cyber City
- Udyog Vihar
- Golf Course Road
- Sohna Road
- MG Road
- Bidhan Nagar
- Salt Lake
- Park Street
These professional addresses can be used as your mailing/billing address and can also be registered under the GST norms of that state. This address is used as Amazon Seller Address with its very own GSTIN.
Why is GST registration important to become an Amazon seller
Goods and Services Tax (GST) was implemented by the Government of India on 1st July 2017. This law was brought into effect to subsume all the other Tax laws under single indirect tax law for the whole country.
Here is a small example of the taxes subsumed under GST
- Central Excise duty
- Service Tax
- Customs tax
- State VAT
GST registration is very important for three simple reasons
- With a GST registration, you can acquire a unique GSTIN for your Amazon seller business.
- You can use the unique GSTIN to print invoices on the GST laws of that state.
- With GST registration, you can get your Input Tax Credit for your Amazon Seller Business while filing for Income Tax Returns.
InstaSpaces: What kind of virtual office services do they provide
InstaSpaces are the leading office space providers in India and they offer an array of additional services for your Amazon Seller business when you register under one of their office spaces.
Apart from the awesome virtual office locations, they also provide some additional services to support your business. Some of them are
- Professional receptionist to answer customer Queries
- Mail handling and mail delivery
- Coworking/Shared working spaces
- Meeting rooms
- Conference Rooms
- Training rooms
Do InstaSpaces provide quality documents for GST registration
The team of InstaSpaces provides you with proper documentation required for GST registration within 3-5 days of registering under one of their spaces. Here is a list of some of the documents offered by InstaSpaces
- NOC ( No Objection Certificate )
- Rent Agreement
- A Utility Bill
Amazon Sellers can use these documents to get an amazon GST address. Once registered they can start selling the products on their listings to earn good amounts of money.
If you have any doubts or queries, feel free to contact Instaspaces via there superb 24*7 Chat Support on their website. You can also contact them through below
We hope this article added some kind of value to your time.
Until next time,
Happy Selling on Amazon