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Set up of a mobile phone retail shop

SOUMYA CHAUDHURI (Others) (31 Points)

26 December 2012  

 

I am interested in setting up a Mobile Phone Retail Shop, but I want to know that whether I need to have an existing business in order to set up my first Mobile Phone Retail Shop or not ? ( I want to set up a Multi brand Mobile Phone Retail Shop ). 

 


 2 Replies

Devendra (Chartered Accountant) (4765 Points)
Replied 26 December 2012

It is not mandatory to have an existing business to start a Retail Mobile Business.

You can start your business without any worries.

Apply for a Shop Act License, VAT No. (when turnover exceeds Rs. 5 Lakhs

 

 

Regards,

Devendra Kulkarni

CMA RAVI (ASSISTANT MANGER - FINANCE)   (478 Points)
Replied 26 December 2012

Not neccessarily, you can start any business provided u comply with statutory obligations such as taxation in the prescribed manner.

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