Legal Question in Business Law in India
Dear Sir,
I want to start a business for wholesale of Garments.
I like to do it from my home. My residency in Delhi as tanent.
Please suggest me whether it is necessary to have license before starting?
Or ealse i may start my business. Later stage based on the growling of the business i can do all formalities like (license, TAN registration etc.)
Kindly reply with your valuable comments.
Thanks
Tutun
1 Answer from Attorneys
06.02.2017
Dear Tutun,
Since you are doing business where Sales Tax or GST is applicable, it lies in your own interest to get a Shops & Establishment Act license issued by the local Delhi Municipal Corporation in the name of your establishment, be it a sole proprietary concern or a partnership firm or a limited Company. As a benchmark or yardstick, you can get the license when your annual sale turnover crosses Rs. 2 lakhs.
Regards,
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