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Opening Sole Properitory concern for recruitment consultancy

Smita (service) (41 Points)

14 January 2008

Hi,

Can any one guide me to understand the follwoing:

1. I want to start a Recruitment Consultancy under the nameXYZ Associates in Mumbai

2. I want to operate from my residence.

3. I want to know do i need to register the properitory concern if yes then pls let me know how?

4. Do i need to take service tax no.? as i heard that service tax is applicable if the annual turnover goes beyond 8 lacs? pls correct me if iam wrong.

5. do i need to open current accounts? as when i place the candidates i need to raise the bill to my clients.

6. How do i go about opening current account in bank under XYZ Assocaites name.

7. Can i use my PAN no.?

8. Is their any other trade license need to start Recruitment consultancy?

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5 Replies

Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 14 January 2008

3. I want to know do i need to register the properitory concern if yes then pls let me know how? .........TRADE LICENCE AND MUNICIPAL REGISTRATION AS PER LOCAL LAWS. NO SEPARATE REGN UNDER INCOME TAX ACT . IF YOU WANT TO RECRUIT FOR FOREIGN COUNTRIES AND SEND THEM ........CHECK OUT IMMIGRATION LAWS 4. Do i need to take service tax no.? as i heard that service tax is applicable if the annual turnover goes beyond 8 lacs? pls correct me if iam wrong. NO IF IT IS BELOW 8 5. do i need to open current accounts? as when i place the candidates i need to raise the bill to my clients. THE CHEQUES WILL COME IN TRADE NAME ........ONLY CURRENT ACCOUNTS CAN BE OPENED IN TRADE NAME 6. How do i go about opening current account in bank under XYZ Assocaites name. CONTACT THE BANKER ........THEY WILL BE PLEASED TO ASSIST YOU 7. Can i use my PAN no.? YES 8. Is their any other trade license need to start Recruitment consultancy? CAN'T SAY

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Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 14 January 2008

EXAMPLE Approval, License & Recognition Habsons Jobsup Ltd. is recognized by the Ministry of Labour, Govt. of India to provide International Recruitment services with License No. 3824/DEL/COM/1000/3/6279/2003. Habsons Jobsup Ltd. is authorized by the Ministry of HRD and Ministry of External Affairs, Govt. of India for undertaking the document attestation work. Habsons is authorized by the Embassy of Saudi Arabia at New Delhi and Saudi Consulate at Mumbai to provide services related to visa processing. Habsons Jobsup Ltd. is authorized by the Medical Recruitment Attache’ office of the Embassy of Saudi Arabia at New Delhi to provide Recruitment services to the Ministry of Health, KSA and its offices in India. HEFCO Medicare & Research Centre of Habsons group is recognized by Executive Board of the Health Ministers’ Council for GCC states, Riyadh provides Medical and Diagnostic services. In its entirety Habsons group is in a position to provide a total package of International Recruitment Services such as recruitment, medical examination, documentation, visa processing, air ticketing etc. Working in close coordination with our clients, we provide efficient and timely services.

Smita (service) (41 Points)
Replied 15 January 2008

Thank you so much for your reply. I intend to operate only in Mumbai, i will not be doing any international placements, my placements will only be limited Mumbai.

Smita (service) (41 Points)
Replied 16 January 2008

Hi, Can you pls let me know, right now if i dont go for service tax no. and bill my clients, my service charges without service tax. and if in future in this year if my turnover goes beyond 8 lac, will i have to pay the govt service tax on the income i earned months back.(as i dont think my clients will pay me once they settle the bill, so will i have to pay from my pocket.) or Do i any ways need to charge service tax to my cleints whether i have taken service tax no. or not. Iam confused pls help me understand this.