Dear Friends,
A person named Mr. A wants to come up with a business. He wants his own home to be the place of business. He resides in Kolkata. Now he wants to know the below:
1. Is Trade License mandatory for all businesses?
2. If yes, where to apply and is it possible online?
3. If Trade License taken, then is it necessary to get registered under the West Bengal Sales Tax Act as well?
4. At what limit of turnover should he get audited and file return?
5. If he plans to change his place of business to another state, is he required to re-apply for the Trade License and Sales Tax registration?
6. If he parallely runs business in more than one states, is he supposed to have separate Trade Licenses and Sales Tax registrations under all those states?
Thanks in advance for all your answers.
CAclubindia
