Once you have already registered or incorporated your company in India, you need to get various licenses based on your business requirements.
In this episode of eLagaan Whiteboard Friday, the eLagaan team provides an overview of various business licenses after you have completed company registration in India. It talks about various types of licenses, why these licenses are required? What are the formalities once you get these licenses. The video also talks about payment of taxes and filing of return.
Some of the licenses include, PAN, TAN, Service Tax, VAT/CST or Sales Tax, Professional tax, Central excise, PF – Provident Fund, ESI – Employer state insurance, Shops & Establishment, IEC – Import Export Code. The video briefly touches on industry specific license which are issues by Department of factory for manufacturing industry, registrar of newspaper for starting a newspaper in India.
We have talked about many of these licenses in greater details in other episodes of eLagaan Whiteboard Friday, please refer to them for details about a particular licenses once you have incorporated your business.