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Permalink Reply by Nishant Agrawal on October 14, 2012 at 8:25pm

1. Do you plan to run the business in your name? If yes, then no entity agreement is required. If you plan to work as a company, you need to incorporate a company. Consult a CA Firm for this.
2. As you plan to sell stuff, you might be liable to sales tax. You need a sales tax registration. Consult a CA firm for this.
3. The services you impart might be liable to service tax. You need service tax registration for the same. (if the amount of receipts exceed 10lac p.a.). Consult a CA firm for this.
4. You need a current account with a bank. You can directly approach an appropriate bank.
5. You might need registration under Shops and Establishments Act. I don't have much idea about this. You need to contact a labor lawyer for this.

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Permalink Reply by Shyam Sunder Vyas on October 16, 2012 at 4:30pm

thanks Nishantji.

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Permalink Reply by Sai Pothuri on October 16, 2012 at 4:50pm

we are based in hyderabad and we are quite happy with our taxation work taken care by our CA. Get in touch with him

http://yellowpages.sulekha.com/hyderabad/balachandra-rao-cvs-co-him...

 otherwise if you want me then i can introduce you to him. any thing works..

Thanks

Sai

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Permalink Reply by Shyam Sunder Vyas on October 16, 2012 at 5:09pm

Is registration with STPI a must. What benefits will an entity gain with it?

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Permalink Reply by Sai Pothuri on October 16, 2012 at 10:15pm

For Software development and Software Exports its better to register with STPI, its like a governing council and to be registered in it  is like making our self genuine.  coming to benefits i don't have any info relating to it. but my suggestion is if we have to be genuine its good to register with STPI

Thanks

Sai

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