Service tax for startup

In this regard you maintain a seperate account and also should register Import and export code for Importing the goods if you having the sale of goods and services then you need the Service Tax registration no. and Vat Registration no.

Hope these procedure adopt by you.

Originally posted by : Harendra Kumar
	In this regard you maintain a seperate account and also should register Import and export code for Importing the goods if you having the sale of goods and services then you need the Service Tax registration no. and Vat Registration no. Hope these procedure adopt by you.

1. Banks dont allow to open an account without documents. So, have to register as sole prop and then open a bank account.

2. The import export license needs to be done in the website name ? How much time does it take to come ? Does that mean, the custom charges and procedure are different for companies than indivisuals ?

3. So, we have to take service tax from day 1 after registration ? And VAT too ?