How to Obtain a GSTIN for a Meesho Supplier
You can list your products for sale and buyers can research
and buy online through the Meesho seller panel. Sellers can use the Meesho
Seller Panel to track sales and get feedback from consumers. However, to sell
products on Meesho, you must be registered for GST. In other words, a Meesho
supplier must have her GSTIN to sell goods on the platform. This post explains
how to get his GSTIN for Meesho supplies.
What exactly is Meesho?
Anyone in today's society can start their own Internet
business from the comfort of their own home without spending a fortune.
Online shopping has grown tremendously over the past decade,
and e-commerce companies now generate an enormous amount of total sales
worldwide. Meesho is also an e-commerce site where you can sell various things.
Meesho is a great choice if you want to start a reselling
business. Meesho is an online resale platform that allows anyone to start a
business without a large investment.
One of India's largest e-commerce platforms, Meesho
pioneered the concept of selling products through social media channels such as
Facebook, Instagram and WhatsApp. Meesho is basically based on the concept of
sourcing things from manufacturers and reselling them to customers for a profit.
Resellers who sell products on Meesho can promote their products on social
networks to attract customers.
As a result, it has evolved into a seamless platform for the
middle or upper middle class population. They can start their business from the
comfort of their own home with no upfront costs. Online company Meesho
currently has over one million suppliers in established categories such as
clothing, kitchen, home textiles and other lifestyle products.
What is the best way to sell items on Meesho?
To sell items on Meesho, you must first follow these steps.
1) Visit the official
website or download the Meesho Mobile App.
2) Register as a seller or set up a seller account on
Meesho.
3) Register by submitting documents and information. These
are some examples:
- Business contact information
- Business details
- GSTIN number or GST certificate
- Bank account details
4) Select a product
category.
5) List your items and add product descriptions and prices.
6) Distribute the goods.
7) Earn money with deliveries
Now we will know about GSTIN
GSTIN is a 15-digit number and is divided into two parts:
the first two digits represent the state code, the next 10 digits represent the
PAN of the taxpayer, and the last three digits are assigned by the GSTN (Goods
and Services Tax Network).
As per the GST rule, a GSTIN is mandatory for any business
whose turnover exceeds INR 20 Lakhs (10 Lakhs for special category states) in a
financial year. So, it's important for the supplier to ensure that their
turnover is within the limit or not. The GSTIN is a crucial identification number for the
supplier, as it is required for all GST-related activities, such as filing
returns and making payments. It is important for the supplier to ensure that
their GSTIN is valid and up-to-date, and to inform the government of any
changes to their business details or contact information.
Process of GST apply for Meesho supplier
For a Meesho supplier to apply a GSTIN, they must first
register for GST with the Indian government. The process for registering for
GST and obtaining a GSTIN is as follows:
- Visit the GST portal (https://www.gst.gov.in/) and create
an account by providing a valid email address and mobile number.
- Once the account is created, log in and click on the
"Services" tab. Under the "Registration" sub-tab, select
"New Registration".
- Fill in the required details, such as the supplier's
legal name, PAN (Permanent Account Number), and email address. Select
"Business" as the type of registration and enter the business
details, such as the nature of the business, trade name, and principal place of
business.
- In the next step, the supplier will be asked to provide
details about the authorized signatory, such as name, designation, and PAN.
This person will be responsible for the GST registration and compliance on
behalf of the supplier.
- The supplier will then be required to submit documents
such as proof of address and PAN card. These can be uploaded in pdf, jpeg, or
jpg format.
- Once the registration process is complete, the supplier
will be issued a GSTIN. The GSTIN will be sent to the registered email address
and mobile number, and can also be accessed by logging in to the GST portal.
- It's also important to note that when a supplier is selling
through a platform like Meesho, they should also check with their Meesho
account manager regarding GST compliance, as the platform also hits their own
GST compliance requirements.
In conclusion, being a GSTIN for a Meesho supplier
involves registering for GST with the Indian government and providing certain
information and documents. The process can be completed online through the GST
portal and it's important to ensure that the GSTIN is valid and up-to-date and
to inform the government of any changes to business details or contact information.
Also, it's important to check with Meesho regarding the GST compliance.
