Online business on Facebook also requires a trade license BD

The trade license fee is 1000 to 1500 rupees. Apart from this, it will cost around four thousand rupees including VAT, signboard tax, physical visit tax.

The Ministry of Commerce has almost finalized a draft titled "Digital Commerce Management Guide-2021" to stop online business fraud and build consumer confidence. According to the guidelines, even if you want to do business on Facebook, you have to have a trade license. At the same time, there are various rules to protect the interests of the consumer, from the order of the product to the reach of the customer.

The Business Standard reported this information in a report. A directive in this regard is going to be issued next month, said the head of the Central Digital Commerce Cell of the Ministry of Commerce. Hafizur Rahman.

In addition to the 1,300 members of the e-cab, there are more than 500,000 small e-commerce businesses doing business using a variety of social media, including Facebook, the report said. Each of these traders needs to get information, VAT registration, tax collection as well as quick trade license to protect the interests of the consumer.

The draft policy states that e-commerce companies must deliver goods to the delivery man within 24 hours of receiving the order, within a maximum of five days to the same city, and within 10 days to a different city or village. Otherwise, the buyer can sue the Department of Consumer Protection or any other court.

In case of failure to comply with the provisions of this guideline, the authority may take other legal action, including revocation of trade license or company registration of the seller or marketplace, revocation of VAT registration, and the banning of the relevant marketplace. It also said that all relevant laws in the country, including the Consumer Protection Act, would be applicable to this guideline.

Abdul Waheed Tamal, General Secretary of E-Cab, said, the E-commerce business is expanding rapidly through Facebook. New entrepreneurs are constantly being created. If this new sector is trapped in a tight policy now, its development may be hampered.

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