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Do I need trade license for car rental business?
03-Mar-2023 (In Documentation Law)
My partnership firm is registered under MCA & is in the car rental services. Do I need a trade license too?
You can start a car rental business by having a Trade License from local authority. Service Tax will attract your business only when it crosses the revenue earning of INR 10 lakh. You will need to be disciplined about the license required specifically for vehicles issued by local PVD like registration, tax, pollution etc you will need to pay special attention to insurance that covers workman's compensation as it will protect your business from losses caused by road accidents.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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