Company registration

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Nakul Gayari (Querist)
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07 February 2016 Dear Experts, I want to do business of Pvc pipes used as agriculture purpose and I expect my turnover year less then 70 lakh. I will purchase from other state and will sold at Rajasthan. Here I need you suggest 1. Should I register company in composition scheme and; 2. if registered under composition scheme please tell that under composition Scheme a company can issue c from or not. 3. In which department I have register my company. 4. If ant scheme is more benefited then above please also suggest me. I hope to receive you most valuable suggestions. Regards, Nakul Kumar Gayari from Rajasthan

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Guest (Expert)

08 February 2016 Dear Nakul Ji,
First of all do not start a Company because tax rate is around 50%, you have to appoint auditor, file with company law compliance etc etc. You can do the business either as a Partnership / LLP/Sole trader. You can still register under VAT department. Once you are registered, you can get C Forms for issuing to supplier. Composition scheme is usually for works contract. You are not into works contract. So do not have to go for composition. You should register your business for VAT authorities in the state in which you are residing.