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Small business

29 November 2016

sir my friend want to start the small road side business like book store, dairy supply, stationary shop, it's yearly turnover will not more that 5 lakh PA, please suggest what are the registration required so that sale tax department and income tax department will not harsh in future. he wants to sale all product in bill, Regards

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (196289 Points)
Replied 29 November 2016

Foremost thing required is place of doing any business, on PAPER.

Ownership or rental or right to use, but authentic place, so that other things like PAN, license etc can follow.

Praveen Pandit (gst) (98 Points)
Replied 30 November 2016

thanks sir, they have pan no. rent agreement , further what type of licence need for starting small business and what is the process,

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (196289 Points)
Replied 30 November 2016

After rent agreement, go for Gumasta licence (registration under shops & establishment act), and open Bank account in the name of the shop. (foremost to start)