Pls let me know what documents i need if i start my own pharma bisiness at home. What all office accessories i need to set up a pharma marketing company. I would like to market my own formulations of Ayurveda. I am clear about the documents, but what will be the security deposit we need to provide, and its cost. Is it really necessary in Karnataka. Pls suggest.
In most jurisdictions the security deposit is the discretion of the VAT officer. If you are marketing pharma products, A licence from the Drug Controller is aboslutely essential
As per Karnataka VAT Rules, security deposit is mostly on the discretion of VAT officer however the security deposit should be enough to cover the vat liability of 3 months.
For example if your VAT liability for 3 months will be 15000, then security deposit will be 15000.
Please contact me I want to start a business. I need to get TIN number.
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