Is ghumasta licence necessary for doing online business?

[Visualbook899]

if yes, can ghumasta licence be taken on residential address? And what would be the procedure in nerul navi mumbai? How much are the fees? Can current account be opened in the name of business without ghumasta licence

[prem]

For doing business online, u won't a ghumasta licence as u can provide ur saving account to the website.

But its recommended that u get a ghumasta licence as without which u can't open current account. U will require an invoice of ur company registered in the licence. U can provide ur residence address. Accountants may charge anywhere between 3500 to 5000/- for one year. Then u renew it every year. Also its useful in filing ur returns. U may also need to register for vat for which either ur annual sale should be more than 5lacs or u need to pay rs.25000(which can be adjusted against vat) and 5000 CA's fees(may vary CA to CA).

Search for ghumasta licence agents on sites like clickindia, quikr, olx etc... speak to a no. Of them and see who quotes u lowest on fees and go with him.

Hope my experience helps u... All the best...

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