In recent times, India has made great strides in the area of entrepreneurship, making it very easy for entrepreneurs to start a business. When you plan to open your own small business, the first thing you need is a business license. Establishing and operating a business within a particular region demands the acquisition of a business license. In terms of business licenses, obtaining one for all businesses is important, whether they are small or big.
As an example, a restaurant with air conditioning requires two registrations: a service tax registration and a VAT registration, as well as a Shops and Establishments License depending on the location and turnover. Getting a license varies from type of business to type of business, depending on factors such as the number of employees, sectors, types of business, location, etc. Taking a look at the most popular licenses or registrations a business is required to obtain.
- Shop Act License
It is a state law that states the rules all shops and establishments have to follow and enables them to obtain licenses to operate in the state. The Act also provides guidelines for licensed shops and establishments. To avoid penalties and fines, all businesses referred to in shops and establishments must obtain the Shop and Establishment Certificate immediately. You can find more information about the license by clicking here.
- GST Registration
GST Registration in India is mandatory for all sellers, providers of services, exporters, etc. In the following situations, all startup businesses must obtain GST registration:
- A business that supplies goods within a state.
- Turnover in special-category states should be at least INR 10 lakh, or INR 20 lakh in both cases.
- An online business that sells or provides products or services.
- Under the previous tax regime, when the business held tax registration.
Additionally, the GST Act sets forth various other criteria for GST registration, in addition to those mentioned above. Please click here to learn more.
- Import Export Code Registration
The IE Code must appear in all relevant customs documents for importers and exporters of goods or services from India. If you wish to make payments abroad, you will need an Import Export Code. By clicking here, you can check more about this registration.
- Udyog Aadhar Registration/MSME Registration
SME units in India make up over 95% of all enterprises in the country, and hence, our economic growth is built on the strength of these firms. India’s manufacturing industry accounts for 45% of the country’s overall production. With the assistance of the Government of India, the Ministry of Micro, Small and Medium Enterprises India launched the Udyog Aadhaar facility to facilitate the efforts of this sector. The system provides identification services for businesses, much like Aadhaar. The Udyog Aadhaar program can provide special benefits to SME/MSME businesses through subsidies since it is designed to promote the growth of all businesses.
The full details of this registration are available by clicking here.
- Trademark, Copyright, And Patents
In marketing, a brand is a concept that summarizes how people feel about your product or service. Brands are recognised by their reputations, images, and emotions.
It is ultimately up to you whether you want to incorporate trademark / copyright / patent protection to your creation. You can protect the brand by registering your trademark . If you have a slogan or logo for those goods or services, you can also choose to protect them. Click here for more information about this registration.
- FSSAI registration
Indian food products need a mandatory license issued by the Food Safety and Standard Authority of India (FSSAI). Food packets and containers are closely scrutinized by customers, retailers, restaurants, and even kiosks. FSSAI licenses are categorized into three types:
- Registration Only
- Central License
- State License
The details of these licenses can be found by clicking here.
We can help you obtain all the necessary registrations, licenses, and compliance services for your Startup at very affordable prices. To learn more about Startups, visit our website at https://startr.in/.