Entrepreneur is tiresome?
Entrepreneur is tiresome?
I have been entrepreneur for last 15 years and has been understanding the issue related to be start up for the youth , but it’s too unfortunate since the procedure of obtaining the statutory permission is so tedious imagine:
1) Gumastha/Bombay Shop Establishment Licence Local MCGM
2) Sales Tax Registration State Government.
3) Labour Licence State Government.
4) Professional Tax State Government.
5) Tin Number Central Government.
6) Excise Tax Local Government
7) Fire NOC Local Government.
8) Food Licence if required
9) Import & Export Licence Central Government
10) Drug Licence If required
If this alone needs to fulfil the cost of procuring licence will cost 2 lac for youth, in addition laptop of computer printer, place on rent as well as overhead cost , I believe after investing 10 lakh for start-up of his families saving there is no stability of fixed income for family and if loss the entire family will be in shambles.
The government should think on the line of cutting indirect taxes to boost entrepreneur rather than introducing means to collect taxes by all other channels to increase load of work and overhead expenses.
The solution one window licence for all the taxes and all collection as well as giving licences with no harassments.
I appeal Government to re-think on this line to introduce One Licence to get all in One Place to avoid Government Expenditure and Revenue more
I have been entrepreneur for last 15 years and has been understanding the issue related to be start up for the youth , but it’s too unfortunate since the procedure of obtaining the statutory permission is so tedious imagine:
1) Gumastha/Bombay Shop Establishment Licence Local MCGM
2) Sales Tax Registration State Government.
3) Labour Licence State Government.
4) Professional Tax State Government.
5) Tin Number Central Government.
6) Excise Tax Local Government
7) Fire NOC Local Government.
8) Food Licence if required
9) Import & Export Licence Central Government
10) Drug Licence If required
If this alone needs to fulfil the cost of procuring licence will cost 2 lac for youth, in addition laptop of computer printer, place on rent as well as overhead cost , I believe after investing 10 lakh for start-up of his families saving there is no stability of fixed income for family and if loss the entire family will be in shambles.
The government should think on the line of cutting indirect taxes to boost entrepreneur rather than introducing means to collect taxes by all other channels to increase load of work and overhead expenses.
The solution one window licence for all the taxes and all collection as well as giving licences with no harassments.
I appeal Government to re-think on this line to introduce One Licence to get all in One Place to avoid Government Expenditure and Revenue more
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And then all of them calling every month tocollect the Hafta ! On Wednesday, 9 March 2016 9:38 AM, Rahul Mehta wrote: more
Mar 11
Govt should put everything on line. Minimum information should be required to fill in the form(should only be single form). It should be stated clearly that any wrong information /data given will lead to outright de-registration & closure of the business. There should be no discretion with the officials about it. We need to be disciplined & conduct business honestly in a business like manner. more
Mar 10
As rajiv Gandhi say only 5 pause reach people out of 1 rupee its true to present and future also even bank also giving to these middlemen politician and chela no one listen to leaders organization who develop them use them only for them no to other Indians Sir Sir ravishankar mallya cafe coffee simply make draw money y they spend on cultural events calendar girls y can't try spend on poor or return to bank more
Mar 10
I sure think there are lot of hassles for getting all the statutory licences. To obtain all these additional expenses are involved which are not called for. After you start the business additional cost are involved by way of clerical expenses, professional fees and monthly kickbacks which has become a part and parcel for doing business in our country. To do away all this the government should reduce all the paper work and licensing wherever possible. All such paper work should only be online. This will reduce the contact with the relevant government authorities thus reducing their time and additional expenses which are not called for. To my view the online method will reduce the time frame drastically. more
Mar 10
