Now there will be a fine Rs. 1,00,000 (Apprx $851) if the e-commerce business is conducted on social media without setting up a website. The draft bill was prepared by the Ministry of Industry, Commerce and Supply.
This means that 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.
Also, the electronic system prepared in this way should have 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.
Similarly, for electronic trade, it will be mandatory to 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.
Details of goods and services available for e-commerce, final sale price including tax, details of products, delivery time, warranty and guarantee should also be clearly disclosed on the website. Otherwise, there is a provision of fine of up to one lakh rupees.
The government has sought opinion and suggestions from the stakeholders in the draft bill. If you have any suggestions, you can send an email to the Ministry in a certain format.