When you think of starting a book store in India, there are certain permits, licences that have to be taken and steps to follow.
Steps to follow to start a book store:
1. Prepare a business plan
Prepare a business plan which contains information about the business right from the objective to the financial projections.
2. Select a place for the store
Select a place which is easily accessible and is also away from the noisy traffic.
3. Get the books for your book store
Arrange all of the books according to sections you would like to keep in your book store.
4. Advertisement for the store
Work on advertising about your book store by using social media, the local newspaper, and distributing pamphlets, etc.
5. Licences and permits required for the store
Licences like the VAT, GST, Trademark registration, IE code, Shop and Establishment Act, etc have to be obtained.
Here is in detail about the permits required to start a book store:
1. GST registration
GST or Goods and Services act is an indirect tax which will be levied on the purchase of raw materials, production, warehousing of finished goods, selling to the wholesaler, selling to the retailer, and to the end consumer.
2. Company registration
Registering your company with a name is also an important step.
3. Trademark registration
A trademark is a visual symbol that differentiates the products and services of one business from another.
Registration for a trademark can be done at the Trade Mark Registry.
4. IE Code
IE Code stands for Import and Export code and is required by all businesses who import goods into India.
5. Shop and Establishment act
This is needed for any commercial or trading establishment. This is to regulate the conditions of the work of any business.
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