What all to consider to start new business??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2013
Dear sir, I wants to start a new business under which I will be purchasing tea from the wholesalers from Assam and then selling it to retailers in Rajasthan. I wants to know that wether their are any legal requirements that I need to follow. Also, should I take permission from the company for this? And what if I do not take this permission? Please do help me with appropriate answers.
CA. Vikash Dwivedi
(Expert)
04 April 2013
you are trader acting as market intermediary. the least requirement is to get registered wiht Central Sales Tax.
wait for some other suggestions.
wait for some other suggestions.
MJ Krishnamurthy
(Expert)
06 April 2013
you have to register under Rajastan VAT first and then under CST Act also.Purchase can be done against 'C' form(2% CST) and sale can be done in transit for reducing tax burden. It is only in the case of c&F agency you have to approach a particular company.........mjk
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21 May 2013
The expert MJK is correct and for the second part do it in the name of your wife you need not take any permission from your company
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