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1 lakh Fine for running an E-commerce Business on Social Media without Website

1 lakh Fine for running an E-commerce Business on Social Media without Website

There is a new draft bill prepared by the Ministry of Industry, Commerce, and Supply to manage e-commerce. Now, if the e-commerce business is conducted without setting up an electronic medium, action will be taken.

That is it will not be possible to conduct online business on social media without properly registering an e-commerce company and creating a website.

The bill stipulates that every e-commerce entrepreneur should create a website related to his business so that the customer can take informed decision at any time.

They will be charged a fine upto Rs. 1 lakh.

What are the basic criteria that every e-commerce website should have?

  • The electronic system or we can say the website should be prepared in this way should have a Secure Socket Layer Certificate (certain safety criteria).
  • Similarly, the website should also mention the name, address, and business registration certificate of the entrepreneur, permanent account number, value-added tax registration number, contact email, telephone, fax, mobile number, and details of the officer hearing the complaint.

Rules that need to be strictly followed for electronic trade according to the new rule

  • It must be listed in the portal of the Department of Commerce, Supplies, and Consumer Protection. Even if you operate e-commerce without being listed, you will be fined up to one lakh rupees.
  • Also, the details of goods and services available for e-commerce, final sale price including tax, details of products, delivery time, warranty, and guarantee should be clearly disclosed on the website.

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Sumi is the Content Manager of ICT BYTE. She is a tech enthusiast with lots of dreams and aspirations in life. She believes in the power of positive thinking for success and a happy life.