<p>In this episode, we interviewed Mayank Agarwal, a qualified Chartered Accountant and the Co-Founder of Olambit Services, a CA firm specialising in taxation for e-commerce brands.<br/><br/>In this interview, we spoke about the nuances of taxation for starting an e-commerce business and how to go about it<br/><br/>In this interview, Mayank shares:-<br/>•Biggest mistakes made by e-com entrepreneurs in terms of taxation.<br/>•What are the things to take into account when starting an e-commerce business?<br/>•How to choose the kind of entity to register: Sole Proprietorship/Pvt. Ltd./LLP?<br/>•Since international dropshipping is outside the purview of Import/Export from India, is it possible to get returns on GST payments to Facebook?<br/>•How does the case differ in the case of Indian dropshipping?<br/>•How does Equalization Levy work?<br/>•Risks involved for entrepreneurs in case of non-payment of taxes.<br/>•How does opening an entity in the US/ UK work?<br/>•Difference between Federal Tax, State Tax and Sales Tax?<br/>•How to get profits back to India if the company is based in the US/UK?<br/>•How does taxation work for money received from abroad?<br/>•Tax slabs in India for different kinds of entities.<br/>•A valuable piece of advice for the listeners.<br/><br/>References:<br/>Mayank’s FB: https://www.facebook.com/mayank.agarwal.3591<br/>Instagram: https://www.instagram.com/mayank.agarwal4/<br/>Website: https://olambit.com/<br/><br/>Want to get started with your eCommerce business?<br/>Join the 5-Day eCom freedom challenge: http://joinefc.in  <br/><br/><br/>And for those of you looking to get started with your eCommerce Store, I highly use and recommend Shopify. You can go to https://nishkarshsharma.com/shopify and get started with your 14-day trial. <br/><br/>Nishkarsh’s Social Media Profiles:<br/>Instagram: https://www.instagram.com/nishkarshsharmaa/   <br/>Facebook: https://www.facebook.com/nishkarsh.sharma/<br/>YouTube: https://www.youtube.com/c/DigitalDukaandaar/videos  <br/><br/>If you like the episode, do share it with someone you feel really needs to hear it. <br/><br/>Loads of love &amp; care<br/><br/></p>