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Author Topic: Import Export Business help  (Read 903 times)

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Offline sauvik1987

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Import Export Business help
« on: March 31, 2015, 10:30:50 AM »
I have plan to open an Import and Export Business. I want to use my home address for the business and want to have sole proprietorship . The home is registered on my father's name but i have my name in ration card. I also have my PAN Card. How do i start the business? Do I need to register the company? and if yes then what are the steps? how to register and will i require any service tax number or any other registration? What is the cost behind it?

Please help as i am opening a company for the first time..... I would really appreciate any help

Thank you in advance.....

Offline naresh_1003

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Re: Import Export Business help
« Reply #1 on: April 01, 2015, 12:28:04 AM »
Hello Sauvik,

Company and Proprietorship Concern are two different forms of carrying out business. Company form will always be a registered entity under Ministry of Corporate Affairs and have got its different advantages and Proprietorship Concern have got its different advantages and it is not necessary to get it registered.

As you are planning to carry out business under proprietorship concern you don't have to register your business but you will have to obtain import export code in order to carry out your business.

You can obtain Service Tax registration number which will help you to establish Business identity. 

You can carry out business activity from your residential premises but you will have to obtain NOC from society in order to carry out Commercial activity from residential premises it done not matter on whose name house property is registered.

Thanks.
Naresh S Trivedi

 

 

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