If you want to start a business in India, but are confused about the process, then you’ve come to the right place. People often confuse LLP registration with private companies and hence, we’re here to explain what they mean. In the first place, if you want to start a business, we recommend you register it as an LLP because it has everything it needs to run a safe, risk-free business. A private limited company, on the other hand, is only authorized to raise share capital, which is why we recommend it for those who wish to start a startup. As […]
How to get a GST Registration ?
The name Goods and Services Tax (GST) reflects that it is a taxation system that takes into account both the goods and the services. Through a dual mechanism of GST, the GST applies to both tangible goods as well as intangible services and maintains a balance of independent revenues for both the Central Government and the State Government. With the advent of the GST regime on 1st July 2017, all value additions are subject to a comprehensive, multi-stage, and destination-based tax. Transparency in the indirect tax framework will be enhanced by the GST regime, which is expected to bring down […]
List of license required to start a Ecommerce business in India
The e-commerce industry in India is witnessing significant growth as smartphones and internet penetration increase. In this blog, we will discuss the concept and licenses required to start an e-commerce business registration in India. This is boosted by the rising number of internet service providers and the advent of 3G and 4G services. E-Commerce Business Concept E-commerce or electronic commerce refers to an electronic platform where transactions are conducted. Similarly to their physical counterparts, e-commerce websites provide goods and services for sale and facilitate the transfer of funds. What are the benefits of running an e-commerce business? There are several […]
Company Registration Mistakes
It has been reported that India is home to the second-largest startup ecosystem in the world. Please consider this. Despite being relatively new in the country, the startup community has already generated close to 20000 early-stage companies, with most of them being technology-driven. Every day, there are 3–4 tech startups born! A number of initiatives have been taken by the Indian government to maintain this rapid growth, such as Startup India. Yet most of them fail to scale and end up failing at an early stage. It’s possible some of this is due to the inability to raise funds (which […]
Documents Required For Shop And Establishment License
Owners of shops or other commercial establishments in India that conduct business must apply for a Shop and Establishment License within 30 days of opening. You can apply for a Shop and Establishment Act License by filing an application in your respective state and it should include the name of the employer, the address of the establishment, the name of the establishment, the category of the establishment, and the number of employees. After the application is submitted and reviewed by the Chief Inspector, a registration certificate will be issued to the owner of the shop or commercial establishment. Whenever a […]
A STEP-BY-STEP GUIDE TO START AN ONLINE RETAIL BUSINESS
Interested in starting your own business? You can get started right now. There are many people who are overwhelmed by learning how to become an online seller. The truth is, it’s not the easiest thing you’ll ever do. However, it’s certainly one of the most rewarding. Before you dive in, make sure you do your research and understand what’s required. After that, you’ll need to apply the old-fashioned “trial and error” method. Being prepared and ready for what’s next is the key to success. This way, you can be confident you are making good decisions that will lead to your […]
How To Start An E-Commerce Business
Once you have taken into consideration all the advantages, your next thought is how to start the business? What would be the brand name? What are the various permits and licenses required to set up the business? The list goes on. Let’s go through each one of these points one by one. 1. Decide what type of business you will run! The giant E-commerce site Amazon offers multiple products and sellers. However, did you know that the same business can also be carried out with only one set of products and one seller? The first order of business is to […]
Retail Industry Definition: Bricks vs. Clicks
There are many kinds of retail, from department stores to coffee machines, from the town square to the digital storefront, from the most promising transformations to the possibility of an apocalypse. Let’s explore the retail sector and its unique characteristics in this post. As a litmus test for an economy’s health, the retail sector is often called one of the most important sectors for a country’s economy. An economy that is working well has high production and, consequently, high consumption, which is mostly focused on retail. Because of this, retail is one of the first sectors to contract during times […]
Documents Required For Design Registration In India
A brief overview In intellectual property law, a design registration protects against counterfeiting of an article created through an industrial process by securing protection against a new design being applied. In exchange for registration, the designer receives exclusive rights to use the design for a period of ten years, which can be extended for another five years. Design Act, 2000 permits the registration of shapes, sizes, patterns, ornaments, or combinations of colors and lines applied to any article. However, in order to be registered, a design must meet the following requirements: Ideally, it should be new and original. In designing […]
You can register for professional taxes online
in our overview State governments impose professions and trade taxes. Professionals who provide professional services, such as doctors, chartered accountants, lawyers, etc., are not exempt from the professional tax. e individuals earning through any legitimate source of income. The tax must also be paid by all business owners. It is the duty of the proprietor of the business to deduct professional tax from its employees and pay the desired amount to the appropriate State Government’s Professional taxation department. Please note that not all state governments levy this professional tax.In accordance with Section 16 of the Income Tax Act, 1961, a […]