E commerce

GVS RAO

22 November 2019
GVS Rao tweet: @champISO / whatsapp +91 8076524311
Relevant Experience
Background

GVSRao: Set up / Operations of E Commerce ( 8 Organisations since 2010, in Saudi Selected client Auditor * Implementor ( Process / Ecommerce)
Arabia, UAE, Oman, India, Indonesia)
• Roca India • Food Aditya
Qualified LEAD AUDITOR / IRCA Tutor ( over 1200 Mandays Audit) • Hindalo Bhaskar Industries (Bhopal)
• Yamaha Chennai
ISO 9001:2015; 22000:2018; 14001:2015; 45001:2018; 27001:2013; 55001:2014;
50001:2018; 37001:2016 • Mother Diary • Schneider -Rudrapur,

EFQM ( Brussels ) 2013- Assessor Qualified ( over 11 championship – Jury /Assessor) • Asian Paints • Sant Jatheram Schools -Jamshedpur,
CII –Exim Bank Indian Version EFQM. Jury member. • North East Fin Dev Corp,
• Prima Telecom
Six Sigma: Black Belt • Crown Marketing - Noida
• Toyo India –Kota
5 S Lead Auditor in 2000 in Hongkong
Google Analytics; Business Analytics • Reliance Infra • BEL Kotdwar,
MBTI * and FIRO-b(psychometric) • Ntpc (over 22 Locations / Ops)
• Shapoorji ( over 15 sites)
Project Management Professional: trained at MSME ( GOVT of INDIA)
Certified Coach at AoEC; Certified Digital marketing ( MSME course) • Jindal Saw -Mathura & Jindal Tubes Nagpur Schneider • Pitty Laminations-Hyderabad,

• Noida Yamaha • Tata Power -Delhi,

• Chennai Yamaha • Aarti Industries -Vapi.

Processes * and Systems Expertise Process / Ecommerce
• NALCO -Damanjodi (Orissa) • Andrtiz Hydro,

• Aditya -Hindalo • Yes Bank Exide - Hasan,

Industry Experience: Indicative list • Tata -Ndpl
• L * T –Tanda
• M Junction( E Commerce Company) • Bhel
• Apparel, Footwear, Handknitted, Engineering, EPC, Govt Enterprises, Public Sector
• Glen Pharma • Saasan -Power ,
• Power - Design till Commissioning & Maintenance
• Aditya Birla Retail • British Engines
• Pharmaceutical
• S M S - Ggn • Gujarat Ambuja
• Consumer Packaged
• Chemicals & Fertilizers
• Medical Devices / Pharma manufacturing
Career experience
• Telecommunication, Worked: (TQM* MR -ISO & BUSSINESS DEVEP)

• Electronics products & Industrial Products 1985-1992 ReeSAN IMR – now CGI - USA / UAE /1992-2000 Alkem / VAM Organics – INDIA /2001-2004 MB Holdings –OMAN - 2004-2010 ANC
• Whole Sale / Mandi / Auction ( Apparels / Power/ Minerals Holdings–Dubai (UAE/ AFRICA) / 2011-2014 Alfanar – Saudi Arabia
Agenda

There are 2 ways to choose E commerce business in India

1.Register as a Sole Proprietor.
2.Registration would be to go for Pvt Ltd, a Public Company or an LLP
A sole proprietorship offers a number of benefits like lesser legal compliance, lower
costs of documentation, and the Indian law treats the proprietor’s business and the
proprietor as having the same identity (unlike Pvt. Ltd and Public companies), this
can help you to run it out of your home. You pay tax at an individual rate, not at a
corporate tax rate. No additional cost required all you need is a bank account in the
name of your company at a local bank branch. Your can use your personal PAN card
for taxation purposes. For a majority of e-commerce businesses, the sole
proprietorship is the most popular way of setting up their business due to the less
turnover earlier on.

Taxation:
In the case of sole proprietorship, you can use your own PAN card for taxation
purposes. File income tax returns under your name.
A sole proprietorship business is charged at individual rates, thus, no corporate tax
has to be paid.
Service tax is applicable only on services provided. For the sale of goods, VAT,
excise, and sales tax are applicable. It is mandatory to pay these taxes only when
your business crosses the turnover of 10 lacs per annum.
The second way to register E commerce company is to go for Pvt Ltd, a Public
Company or a Limited Liability Partnership (LLP) keeping in mind the scale of your
business. The first thing to do here is, set up a current account in the name of your
business. It offers you the advantage of collecting profits and paying the losses in the
name of your company rather than your personal account. They require a number of
documentation and legal compliances. But, they are necessary for the scaling of
business later on, when your turnover is larger.

Taxation:
Corporate tax @ 25 Plus Surcharge (Co formed post 1/10/2019)
GST as per Current rates
The business license necessary for E commerce organisation depends on the type
of products to be sold at the site. Following are tax considerations:

Shops and Establishment Act: This is important if you wish to have a payment
gateway for your online store. Also, it is mandatory if you wish to set up a physical
shop and employ people.

GST: These are the basic taxes that you have to pay when selling goods online but,
only once your annual turnover crosses 20 lacs.

Professional Tax: Registration of this tax is required if you have one or more
employees working under you. State laws to be adhered.