Saturday, August 1, 2009

Entity Proof - 2

This is a continuation to creating an entity proof for your company.

The routes to service tax registration are many. The most difficult one being that of approaching the excise department and wading through the swamp manually. It is not difficult to understand why the processes are made so tardily and how it throws up a turgid layer of middlemen and fixers.

For the fresh ones making an application or trying valiantly to do so individually, its fairly pointless. The axe will fall on you somewhere down the line. There are two groups you can approach for doing this. One is the CAs dotting the offices near the courts or the lawyers blinding the entrance of this institution. I chose the latter as the former would have got in touch with his soft target “latter” and further strengthened the bond at my expense.

It cost me 5k to do this. As with much of the commitments in and around Delhi (I have no idea why it is so though), the standard line is that it would be ready in 48 hours. But let me tell you, that, does not include the signatory going on an unannounced and unplanned extended holiday just when your application hits his desk. So bottomline, keep a week in hand.

Also, avoid mentioning this to other CAs during conversation and wise cracks as they would come up with the “Tch tch, you should have told me nah, I would have got this done at 1/10th the cost” tagline. All the while you were wailing from high above for someone to help avoid the expense, there were no takers.

Well you need to fill in the form ST – 1 and the docs that need to be furnished are

- Your id proof (PAN Card)

- Your address proof ( telephone bill or lease agreement) as I am sure that the migrant worker would rarely have a drivers license or passport with the current address.

- The lease agreement to the shop you just took for the business

- A company seal which should read “ Proprietor ….. EM&D Inc“ (a subtle way to put forward “Employ Me & Die”). Okay not so obvious, your company name (after careful numerological additions of an extra “a”) would do just fine.

After you did your bit just take on the Hero Honda punchline “fill it, shut it, forget it”. Well you can hope that the signatory who’s absence waylays your completion of this task, suddenly runs out of money due to a moronic move in a game of “teen patti” and has to hurry back to sign your application. Yes light a couple of candles to that, would you.

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