ComplianceAssistant

How to apply for a Liquor License in India? As each state in India has its own set of liquor laws, rules, and regulations, it is important to have a thorough knowledge of the liquor laws prevailing in your state before applying for a liquor license. Since liquor laws of the state are laid down by the State Excise Department, anyone wishing to obtain a liquor license can inquire about the same by: Visiting the website of the State Excise Department, Physically visiting the licensing authority Physically visiting nearby liquor shops. Once you have a fair idea about the prevailing liquor laws, rules, and regulations of your state, you can decide the type and class of license you need to apply for. The general classes of license include: Beer and Wine License Restaurant Liquor License Tavern Liquor License Brewpub Liquor License The third thing you need to figure out is the cost of your preferred liquor license as per your state laws. To have a fair idea about the cost of obtaining a liquo...

Laws that Regulate Liquor Consumption in India In India, any  establishment  that serves alcohol must have a valid liquor license. Liquor consumption, manufacturing, and distribution are issues pertaining to the state list as per the seventh schedule of the Indian constitution. This is why each state has its own liquor laws. Even for registration of foreign liquor bar licenses, every government regulates alcohol sales to prevent minors from purchasing spirits, wine, beer, and liquor. For instance, the requirements for a liquor license varies in small towns where they often only approve a new license when the population grows. According to the Licensing Act 2003, you need a license to sell alcohol and this includes giving away free alcohol as it is considered an incentive to purchase or that it is included in your pricing structure. Before starting a liquor business, we have to know about the License or Government regulations, and legal things which are one of the most importan...

Intro : In India, selling liquor is one of the most profitable businesses. It can help to boost the profit margin because of the low labor and high demand. But, at the same time obtaining Liquor License in India, involves a lot of requirements, documents, intricacies and procedures. Further, the State governments are required to keep an eye on the sale and consumption of the alcohol, as every state has a different set of laws and regulation governing liquor. In legal terms, Liquor License is a permission granted by the State Excise Department to those who want to sell or distribute alcoholic beverages or drinks at a particular place. Every state has a different set of rules and regulations governing liquor, which shall be followed by every individual who wants to sell beer, hard drinks etc. What is a Liquor License? In order to sell alcohol in India, one needs to procure a liquor license .  Usually, liquor stores, pubs, clubs, discos, bars, hotels, and restaurants own a license to ...

MSME Registration Procedures MSME registration is a mandatory process for any business to legally START functioning in India. The registration process is free of cost, paperless, based on self-declaration, and is differentiated under two main categories, namely manufacturing enterprises and service enterprises. The Union Cabinet headed by Prime Minis­ter Narendra Modi has formally  revised the MSME definitions .  The investment and turnover figures were changed to larger values. Documents required to register as MSME Aadhar number  PAN number Address of the business Bank account number The basic business activity  NIC 2 digit code  Investment details (Plant/equipment details) Turnover details ( as per new MSME definition ) Partnership deed Sales and purchase bill copies  Copies of licenses and bills of purchased machinery How to Apply for MSME Registration on Udhyam Registration? Businesses who want to avail benefits announced by the Government for MSMEs wi...

MSME MEANING - DEFINITION AND FULLFORM With a hope to create five crore job opportunities in the MSME sector, the Government had announced about making changes to the MSME definition, where turnover will define an MSME, and not the investment put into it. What is MSME? – An Introduction MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises  – engaged in the manufacturing or production of goods in any industry Service enterprises  – engaged in providing or rendering services Features of MSMEs  Here are some of the essential features of MSMEs MSMEs are known to provide reasonable assistance for improved access to the domestic as well as export markets for businesses MSMEs support product development, design innovation, intervention, and packaging elements of a business MSMEs support the upgrading of technol...