Do I Need a GSTIN Number to Start My Supplement Store?

When creating your Wcommerce supplement store, you can either have a GSTIN or proceed without one. Here’s how each option works:
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What is a GSTIN Number?

A GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit number assigned to businesses registered under GST. It’s mandatory for businesses with annual revenue over ₹40 lakhs, but if you’re just starting out or operate at a smaller scale, you might not need it right away to create your store. However, having one provides some benefits.
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How to Add Your GSTIN on Wcommerce

With GSTIN:

• Enter your GSTIN during store setup.
• Click "Verify," and Wcommerce will automatically retrieve your business info.
• Confirm the details to proceed.

Without GSTIN:

• Simply add your residential address to start selling supplements in your state.
• You can still run your store smoothly, but with some limitations on reach.

What Happens After You Add Your GSTIN?

• Nationwide Selling: You can sell across India, whereas without a GSTIN, you're limited to your home state.
• Input Tax Credit (ITC): Having a GSTIN allows you to claim the GST paid on purchases against the GST you collect from customers. This can reduce your tax burden.
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Understanding Input Tax Credit (ITC)

If you have a GSTIN, you can benefit from ITC:

• Example: You buy ₹10,000 worth of ingredients and pay ₹1,000 GST. You sell supplements for ₹20,000 and collect ₹2,000 GST.
• Without ITC: You pay the full ₹2,000 GST to the government.
• With ITC: You subtract the ₹1,000 GST you already paid and only need to pay ₹1,000, saving money.
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Benefits of Having a GSTIN

For GSTIN Holders:

• Sell supplements nationwide.
• Claim Input Tax Credit to save on taxes.
• Boost credibility with customers and suppliers.

Without a GSTIN:

• You can still sell in your state.
• While ITC won’t apply, you can focus on building your store locally and scaling at your own pace.
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Here’s a comparison table for Having a GSTIN vs Not Having a GSTIN:

To register for a GSTIN number, visit the GST Registration - GST Portal and create your GSTIN to unlock various benefits.

To learn more about whether adding a GSTIN or not, while setting up your store, refer to our detailed Step-by-Step Guide to Setting Up Your Wcommerce Store.
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Conclusion: GSTIN or No GSTIN—Both Work

If you’re just starting or prefer to stay local, running your business without a GSTIN is fine. You’ll be able to grow your customer base within your state. But if you want to expand your reach and enjoy tax benefits, getting a GSTIN is a great option for the future.

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Step-by-Step Guide to Setting Up Your Wcommerce Store

Setting up your Wcommerce store is simple and quick. Whether you're a fitness trainer or a wellness coach, follow these 8 easy steps to create your own supplement store and start selling products to your clients in no time.
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Step 1: Login to Your Account

To get started, open the Wcommerce platform on your phone or desktop.

1. Enter your mobile number (e.g., +91 9876599210).
2. Click Continue.

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Step 2: Enter the OTP

After entering your number, you’ll receive a 4-digit OTP on your mobile number.

1. Enter the OTP you received (e.g., 5784).
2. Click Continue to verify your number.

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Step 3: Create Your Profile

Now, it’s time to set up your profile.

1. Enter your First Name (e.g., Rakesh).
2. Enter your Last Name (e.g., Singh).
3. Choose your Partner Type from the drop down (e.g., Trainers & Gyms).
4. Enter your Email (e.g., rakesh.singh@gmail.com)
5. Provide your Phone Number (e.g., +91 9876599210).

Click Continue once done.

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Step 4: GST Information and Address

If you have a GSTIN number, you’ll need to enter it here, and verify

1. Enter your GSTIN Number (e.g., 22AAECC6548A1Z5).
2. Click Verify GSTIN to continue.

If you don’t have GSTIN, you can simply confirm your GSTIN by entering your address here.

1. Enter your Address Line 1 (e.g., 49, Lajpat Nagar).
2. Enter your Pincode (e.g., 49, 110011).
3. Select your State (e.g., Delhi).
4. Enter your City (e.g., New Delhi).
5. Generate your Signature (this will automatically create a digital signature).

Click Continue after completing the fields.

*Store owners without a GSTIN number can only sell their products within their residential state.

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Step 5: Enter Bank Details

Link your bank account to seamlessly withdraw your store earnings.

1. Enter the Account Holder Name (e.g., Rakesh Singh).
2. Enter your Bank Account Number (e.g., 0987999585811).
3. Confirm your account number.
4. Enter your bank’s IFSC Code (e.g., HDFC0000294).

Click Add Bank to save your banking information.

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Step 6: Create Your Store

Now it’s time to create your store.

1. Enter your Store Name (e.g., Rakesh’s Wellness Store).
2. Choose your Store Link (e.g., rakesh-s-wellness-store.wcommerce.com).
3. Add a Store Description (e.g., Supplements curated by Rakesh Singh to help you achieve your fitness goals) that explains your product offerings.

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Step 7: Select Products

1. You’re almost there! It’s time to choose which supplements you want to feature in your store.
2. Select the products that align with your clients’ needs, such as protein powders, vitamins, and pre-workout supplements.
3. Once you select, click on Review Products.

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Step 8: Launch Your Store

After reviewing your product selection and store details, click Launch Store to make your supplements available to clients.

Congratulations! Your wellness store is now live, and you're ready to start selling products.
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Next Steps

Once your store is live, share the link with your clients and start promoting your store on social media or Whatsapp. We will keep track of orders, manage inventory, and help you grow your fitness business with ease.

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