NYKAA Account Creation
As a business-consumer shopping platform, the online merchant community of NYKAA caters to the requirements of manufacturers, retailers, brand owners, resellers, professionals, franchise holders, and artisans as well. If you would also like to become a part of this great bandwagon, then here are the steps you need to follow.
Essential Steps to Register on NYKAA as a Merchant
Given below is the list of steps for registering on NYKAA:
Log in to the official website of NYKAA, www.NYKAA.com
Then, click on the link “Merchant Registration” and register as a seller
You will be directed to a page where you have to enter your basic information including your name, name of your online store that you want to register, email, mobile number, business type, and your password
Press the Submit button once you successfully fill up all the mandatory fields
Another tab will appear asking for seller information including your company and personal contact information
Then, you have to furnish the contact person and address information from where the courier partners of NYKAA will pick up your products
Next, you will be asked to give your bank details
After giving all the inputs, just go ahead with the seller service fee agreement, which gives information regarding service fee and fulfilment fee based on category
Now, you have properly complied with almost all the preliminary needs. You can now arrange for catalogues for your virtual storefront
Documents Required According to the Type of Business:
For Registered Company
Pan card, Identity proof, and Residential proof of each director
Registered office proof of your company that may be lease, rent, or ownership agreement
GST/VAT certificate unless you are a trader of handicrafts, unstitched materials, books, or even online education
For Sole Proprietorship
Identify Proof. It can be your PAN card, Id Proof, driving license, or Aadhaar card
Personal address proof that can be electricity bill or your bank statement
For a Private Limited Company
3a) ID proof
A copy of incorporation certificate of Private limited company
A copy of association Memorandum
A copy of Pan card of your company
3b) Address proof
Telephone Bill of your company
Electricity bill of your company
Lease, rent, or ownership agreement with your company
For a Limited Liability Partnership
4a) ID Proof
Partnership deed
LLP registration certificate
LLP Pan Card
Power of Attorney given to the employee so as to transact on behalf of the LLP
4b) Address proof
An officially valid document to confirm the address of partners or individuals who hold the power of attorney
NYKAA Seller Charges
The online platform charges its sellers two different fees on every transaction; namely a selling service fee as well as a fulfilment fee. On the successful sale of any item, the selling service fee will be charged. The amount charged as fee differs according to the category of goods sold. On top of this, a standard service tax will be added. Furthermore, each and every package being handled by NYKAA will attract a fulfilment service fee together with the standard service tax.
Basic Requirements for NYKAA Seller Registration:
The following licenses and registrations are needed to start selling on NYKAA:
Business Registration: For business entities, there is no specific need to become a merchant on NYKAA. However, being registered as the Private Limited Company or LLP will help in preventing unforeseen liability in addition to enjoying better access to the credit.
GST Registration: TIN or GST registration is required to promote on NYKAA. GST registration is said to be compulsory for sellers to sell product and goods in India. GST Registration is an important compliance for online businesses. experts can help you get your business registered for GST easily, and also help you with timely return filing and other GST compliance requirements.
Bank Account: PAN Card of the merchant is mandatory on NYKAA along with bank account details. Other details including account number, PAN account holder name, and IFSC code should be submitted to NYKAA for payment process
Trademark Registration: When it comes to selling goods online, any brand will likely to get lots of exposure. Therefore, it is essential to assure the brand is trademarked in order to avoid counterfeit goods. So, sellers are required to get a trademark registration for their own brand of products and services.