check list for formation of business
This query is : Resolved
Ramachandra sharma
(Querist)
02 August 2010
Hi friends
I need a check list to start an advertisment agency. what the licences and registrations we should take and procedure and applicability of such registration
Regards
Ramachandra Sharma
I need a check list to start an advertisment agency. what the licences and registrations we should take and procedure and applicability of such registration
Regards
Ramachandra Sharma
VINOD ARORA
(Expert)
02 August 2010
Just register your firm with Service tax Department and Newspaper/Media Houses for Collecting the advertisement on their behalf, like become authorised booking centre.
Setup your own studio with computer/scanner/printer and Computer operator and prepare your market ( client )
Margin of ad agency is only 15% like when you published your client ad for Rs.100000 your commission is Rs.15000 and service tax is payable thereon.
In the begining, due to your new entry in the business, newspaper/media co. may insist advance payment for every advertisement.
If you want credit limit for 60 days just register with INS, which will facilitate smooth credit availabiility.
Besides, depending upon organisational structure you may need registrations of constitution, like ROC registration in the case of a company. Further, depending upon staff strength, you shall abide by various labour regulations. For tax compliances, you shall need PAN, TAN, etc.
Setup your own studio with computer/scanner/printer and Computer operator and prepare your market ( client )
Margin of ad agency is only 15% like when you published your client ad for Rs.100000 your commission is Rs.15000 and service tax is payable thereon.
In the begining, due to your new entry in the business, newspaper/media co. may insist advance payment for every advertisement.
If you want credit limit for 60 days just register with INS, which will facilitate smooth credit availabiility.
Besides, depending upon organisational structure you may need registrations of constitution, like ROC registration in the case of a company. Further, depending upon staff strength, you shall abide by various labour regulations. For tax compliances, you shall need PAN, TAN, etc.
Message likes :
1 times
Ramachandra sharma
(Querist)
03 August 2010
IT IS A STARTUP PROPRIETORSHIP CO,
WHETHER SHOPS AND ESTABILISHMENT ACT WILL APPLICABLE
WHETHER SHOPS AND ESTABILISHMENT ACT WILL APPLICABLE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
