Dear Sir,
I have planned to start a new garment business in home (Bulk purchase from manufacture and selling in retail).
So what are the main formalities required to start this business and what will i do?
Kindly answer me....
Thanks in Advance.
Menu
Formalities to start a garment business in home
Replies (7)
mention the details of the type of business that you want to start... sole proprietorship or partnership or company ...formalities will depend on that..
but i suggest that initially you should start as sole proprietor and later expand the business.... as this will require minimal formalities.... and lots of tax exemptions
Thank you sir, it will start as sole proprietor only but can you give details about both sole proprietor & partnership firm...I need your useful advice.
you should start with a sole proprietorship and get a shop establishment certificate and also apply for vat. if you purchase from outside state then you also need to register for cst. and then you can start you business........ if you plan to start a partnership firm, the first you need to register your partnership deed and then follow the above mentioned steps.
ok sir, but shop establishment certificate & vat registration are enough ah? or any other formalities requiered?
shop establishment, vat and cst (if purchased from outside). no other formalities required.
Thank you sir, where can i get this shop establishment certificate?
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
