Not Easy to Do Business
Rating of the department on the basis of:
Open Bank account
Can’t find information
I wanted to open a bank account for my proprietorship firm. Banks kept me asking for the PAN card for the firm and Service tax / sales tax registration certificate. However, for a proprietorship firm, PAN card of proprietor works for firm as well. Also, being a new firm, and not foreseeing the turnover crossing 2 lakh for the first year, it wasn't necessary to go for service / sales tax registration.
Don't start a proprietorship firm if you are looking at a very small turnover.
Keep me updated about responses to my report and experience.