05 April 2014
Dear Sir, I am Vijay from Chennai and I am planning to start a new business. 1. Nature of the business is to provide security product for computers in India.(Eg: Antivirus). 2. Seller in United States. Seller sells the product key. 1 product key for 1 computer. 3. Seller selling the product key in INR. Product key is to activate the product. 4. Seller wants the Buyer to re-brand the product on the Buyer's name. 4. I am the Buyer from Chennai. 5. Buyer download the product from the U.S. company web site. 6. Copy the software on a CD. 7. Buyer re-brands the product in my name. 8. Buyer sells the product as a CD in a box with product key to customers in India. 9. Buyer paying the seller in USD for equivalent INR. 10. Please note that Seller will give license to re-brand the product. No import of CD Box from U.S. company. Only online download of the software. Seller will sign an agreement with the buyer. Seller will sign, scan and send it through email. Buyer will do the same.
Kindly advice, what are the documents to be applied/taken and what kind of company do I register? Will I be a manufacturer ?
Also, what are the taxes applicable for the above business.
Your advice at the earliest would be very helpful for growing entrepreneurs like me.
You are service receiver & service provider of Software services. so you must be register with Service tax department. not necessary to registered company, you will handling these services in proprietorship.