TIN number for a service based online business
I am a web developer and want to open an online web development agency.
Do i need a TIN, VAT, or a service tax number to formally create that business. I am thinking to open it as a proprietorship for now.
So what documents do i need so that i am seen as a professional business.? Also i do have clients outside India also, how does that factor into all of this?
Asked 5 months ago in Service Tax from BHOPAL, Madhya Pradesh
Thanks for your response.
I am still not at that level in amount of revenue. I am just starting out. So what would you advise as to how should i proceed to start a proper company instead of just being a freelancer without too much legalities ? And do i need a current account also if i wanted to start my own company as a proprietor? I have heard that current account is taxable at 30%. Would i be liable to pay the tax simply because i have a current account? or do i need a current account in a propriteorship?
Asked 5 months ago