Presumptive Taxation Scheme under Section 44AD

 

Meaning of presumptive taxation scheme

As per Section 44, businesses and professionals are required to take care of the Books of Accounts under Section 44AA, once they fulfil certain criteria and obtain them audited under Section 44AB in every fiscal year for the aim of tax .

Particularly, to relax their burden of keeping Books of Accounts,

The small taxpayerscan avail simple tax payment scheme of ‘Presumptive Tax’ under Section 44AD, 44ADA and 44AE of tax Act 1961.

WhereBooks of Accounts and Auditing are Mandatory?
Conditions for Books of Accounts
As per Section 44AA of IT Act,Books of Accounts should be maintained by Businesses/Professionals (including those that are eligible under ‘Presumptive Tax Scheme‘), who fulfil these conditions:

Income quite INR 120000 in last three preceding years.
Total turnover/gross receipts of business/profession is quite INR 10,00,000 in any of the previous 3 years

Who are eligible for the applicability under Section 44AD?
The taxpayers are divided in two cases to form clear the eligibility criteria under this section for the scheme of presumptive taxation.

Individuals
The individual taxpayers who can avail the advantages of the scheme of presumptive taxation under Section 44AD are:
1. Any individual resident
2. Resident partnership firms ( apart from indebtedness Partnership Firms LLP)
3. Resident Hindu Undivided families (HUFs)

Businesses
The businesses who are eligible to realize the advantages of the scheme of presumptive taxation under the Section 44AD are:
1. Any business
2. The business whose annual turnover and therefore the gross receipts within the previous fiscal year doesn’t exceed the limit of Rs. 2 crores.

Taxpayers who are restricted to adopt the presumptive taxation
Some of the exceptions to the present scheme under the section 44AD are as follows:
1. Individuals who have claimed deductions under Section 10A, Section 10AA, Section 10BA, Section 10B, or other deductions in reference to individual incomes.
2. The companies involved in hiring, leasing goods carriages, agency business or playing referred in section 44AE.
3. Individuals or firms involved in any kind of profession, during which the income is earned in terms of commission or brokerage ( professionals can adopt the scheme of presumptive taxation under Section 44ADA).

Computation of income and presumption of rates of income under section 44AD
1. Under the scheme of presumptive taxation, the eligible taxpayer has got to compute his income on the idea of estimation. The presumptive income is calculated at the speed of 8% of the annual turnover or the gross receipts of the business of the last fiscal year .
2. However as per budget 2018,If the gross receipts or annual turnover is received through account payee cheque or draft or any device then the presumptive income are going to be calculated at the speed of 6% of the annual turnover of the last year. this is often through with the aim of promoting digital transactions. This special provision of reducing existing rate of calculation of presumptive income is completed to encourage small businesses to simply accept the digital payments and become organized and use the electronic clearing systems by a bank.

Presumptive Taxation Scheme to be opted for five years
If an assessee has opted or presumptive taxation under section 44AD, then he/she is required to choose an equivalent scheme for a continous period of 5 years. If, in any case, he/she did not do so,then he/she won’t eligible to choose the scheme for subsequent 5 years.

Maintenance of books of account under section 44AD
The major provision associated with presumptive taxation is to offer relief to small or medium sized taxpayers from maintaining books of accounts. The individual or firm who adopts presumptive taxation under section 44AD isn’t susceptible to maintain books of accounts. they’re also not required to urge their accounts audited under this scheme.

Payment of Advance Tax under Section 44AD
An assessee is susceptible to pay his or her advance tax during a single instalment on or before the 15th of March of each fiscal year if he or she opts for presumptive taxation under Section 44AD. For any default in paying the advance tax , the assessee are going to be charged interest under Section 234C.

What are taxable Profits and Gains?
As per the section 44AD an assessee who opted for presumptive taxation will compute his income as 8% of the entire turnover or gross receipts of the last year. An amount above the previously computed amount as presumptive income claimed by an assessee shall be termed as gains and profits of the business that’s chargeable to tax under the top “Profits and gains of business or profession”.Presumptive Taxation Scheme under Section 44AD

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What Is The IEC Application Format?

The Import Export Code is a crucial document for getting into international sales transactions. it’s acquired significance for it’s a government-specified pre-requisite before any commercial shipments are often imported or exported. during this post, we highlight the importance of import-export code and specify the procedure to submit your IEC application online.

Who is required to get an Import Export Code?
As per the Foreign national trading policy in India, no import or export are often avoided a legitimate IEC granted by the Director-General of Foreign Trade or a politician authorised by the Director-General. Thus, every importer or exporter of products (whether Indian or foreign firm) into India has got to obtain an Import Export Code.

The IEC could also be applied on behalf of a firm — which may be a partnership, LLP, Ltd. , trust, HUF or society. A firm needs a legitimate address, PAN (Permanent Account Number) and a checking account for applying for IEC.

Is IEC necessary just for goods and certain services?
No, your business would wish this not just for import or export, but there are other advantages linked to IEC. The IEC number is now necessary for availing advantages under schemes of the DGFT or Ministry of Commerce like duty drawback, credit , subsidies on import of capital equipment etc.

What documents are required for submitting an IEC application online?
Scanned Documents for Upload within the System
1. Proof of establishment/incorporation/registration of the Partnership, Registered Society, Trust or HUF
2. Proof of Address, which may be anybody of the subsequent documents:
3. Sale Deed, Rent agreement, lease deed, electricity bill, telephone landline bill, mobile, postpaid bill, MoU, Partnership deed
4. Further, other acceptable documents (for proprietorship only): Aadhar card, passport, voter id

Just in case the address proof isn’t within the name of the applicant firm, a no-objection certificate (NOC) by the firm premises owner in favour of the firm along side the address proof is to be submitted as one PDF document.
1. Proof of Firm’s checking account
2. Cancelled Cheque
3. Bank certificate

What are the other requirements for filing an IEC?
1. Digital Signatures Token
2. PAN
3. Mobile Number and Email ID.
4. Moreover, Address Details of Branch Office
5. Bank Account within the name of IEC Holder
6. Aadhar Card matching the small print with PAN Card

How to submit an IEC application online?
Step 1 — As a replacement user, you’d need to register on the web site of the Directorate General of Foreign Trade. this will be accessed at — https://www.dgft.gov.in/CP/. For this purpose, you’d got to enter your email address, mobile number, pin code, district, state and city. Further, you’d even have to settle on “Importer/Exporter” within the menu on the new user creation portal. You’d got to enter the OTP received on the registered mobile number.

Step 2 — After successful registration, the new details can apply for IEC. To do so, click on the “services” tab from the menu bar and choose “IEC”. Additionally, from this, choose the “Online IEC Application” tab.

Step 3 — Here, enter your PAN number, name, date of birth or details of incorporation as applicable. Further, you’d even be required to enter your registered mobile number and click on on “Generate OTP”.

Step 4 — At the landing page, enter the subsequent details — Branch details (if your business has multiple branches), details of directors and partners with their residential proofs and email IDS

Step 5 — Upload proofs of the above-mentioned documents, cancelled cheque or bank certificate. Likewise, please note that the IEC application system only accepts PDF format with files up to five MB only.

Step 6 — Click on the “Fee Payment” portal. you’ll make the requisite fee payment of ₹250 via net banking, debit or mastercard . Further, the portal also will generate a DGFT reference number to see the status of your IEC application.

Step 7 — Once the appliance is submitted after paying the fee, you’ll take a print of the appliance . Further, at this page, you would like to pick the “Submit and Generate IEC Certificate”

Format of the IEC certificate issued by the Ministry of Commerce is as follows –
1. User name
2. Address
3. Name and Designation of Applicant
4. Address of Branch, if any
5. IEC Number
6. Date of issue
7. PAN

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How to Register your own Company in India from USA

 

Wondering the way to register a corporation of your own in India while you’re in USA? during this article, we’ll mention the steps to register a corporation in India while you’re in USA, which all entities are you able to form and which documents are needed for the corporate registration process as a far off national in USA.

You might be staying in USA but have some brilliant idea and need to start out some business and register a corporation in India. the great news is that you simply can plow ahead and do this easily because the Companies act 2013 allows foreign residents to start out a corporation in India if they suits all the Indian laws.

How are you able to register a corporation in India from USA?
The first and foremost step is to make a decision on which business entity you would like to make consistent with the business model you’re planning. the choices are to register as a Partnership, an LLP, Private Ltd. etc. However, it’s best to register as a personal Ltd. or a indebtedness Partnership as these entities involve lesser compliances and legal formalities.

The pre-requisites for registering a corporation in India from USA
There are some pre-requisites that you simply must fulfill so on be ready to launch a corporation in India from USA. They are:
1. You need to possess a minimum of one Indian director who may be a resident of India and you want to even have all proper documents and KYC details.
2. It is also important to see the Foreign Direct Limit because just in case the sectors come under the automated Route process, you’ll not need RBI’s prior approval. But, just in case the world you select comes within the category of 100% FDI route, then you’ll need a previous permission of the relevant Ministry of Central Government or RBI to start out an enterprise. You then also need a reputation application for your company and steel oneself against MOA and AOA of your proposed company.
3. Lastly, make sure that you’ve got the needed documents for registration and every one the documents are notarized from required officials.

List of documents needed for registering a corporation in India from USA
You need to submit the subsequent documents:
1. A copy of your valid passport
2. A copy of driver’s license (DL) from the issuing country
3. Voter ID
4. Social Security Number
5. Bank statement of your bank
6. Photographs
7. A resident permit that’s issued by the Indian embassy
8. A copy of a legitimate Business visa that’s issued to the foreign national

The documents required just in case of a far off company trying to make a corporation in India:
1. A certificate of incorporation which proves that the corporate has been legally incorporated
2. A board resolution of the foreign company
3. Valid address proof

The steps of registering a corporation in India from USA
Recently, a replacement process has been introduced by the Indian Government in order that people can register a corporation in India from USA. the method states that:
1. The applicant should possess a User Account on the MCA Portal in India. Having an account enables you to directly proceed for company registration.
2. Then, you want to apply for DSC. For this purpose, you ought to directly attend the certifying authorities and carry all the legal documents along side the appliance for Digital Signature.
3. Then you would like to check in to the MCA Portal and attend the subsequent link to use for the name of the corporate by using the run form — http://www.mca.gov.in/mcafoportal/runService.do.
4.While trying to find a reputation , sign up the exiting database to verify if the name you would like is out there or not. you would like to submit the RUN Form along side the fee of Rs. 1000. MCA personnel at the Central registration Centre check for the name and if it comes bent be unique and not used previously, then it’s sanctioned.
5. Now subsequent step is to use for the DIN Number or Director number . For this, you would like to fill the SPICE Form. Here, you would like to specify the small print of the director who wants the Din to be allotted. The person also must submit his/her Pan Card and Passport copies.
6. After the above steps are done, you get a Certificate of Incorporation and your company is made in India from the USA.

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Difference between Preference Shares and Equity Shares

 

If anyone wishes to take a position their money in shares then they need to gain complete knowledge about the stock exchange before initiating any investment. Otherwise, there are huge chances that you simply might suffer unbearable losses. during this article, we discuss all the possible difference between preferred stock and equity shares.

The Definition
Equity shares and preferred stock are quite similar, yet different within the way they function and provide you with returns. once you own equity shares of a corporation , the dividends are subject to how the corporate is performing. And sometimes , you would possibly not even receive any dividends.

This is one major difference between equity shares and preferred stock . With preferred stock , the corporate is sure to pay you dividends, since the quantity is fixed but not with equity shares.

Preference Shares
Preferred Stocks also referred to as preferred stock are those shares which are given preference as regards to payment of dividend and repayment of capital. The term “preferred share” refers to the very fact that its holders receive preferential treatment over common stockholders within the event of liquidation and when dividends are paid but don’t enjoy normal voting rights. Therefore, preference in terms of dividend they need been named as preferred stock . also as, within the case of completing of the corporate or when the corporate went bankrupt, then payment of liabilities (like banks) are done first, then those with preferred stock & lastly equity shares. There are several points which create Difference between preferred stock and Equity shares. Therefore, the preferred stock get precedence over equity shares on all the matters.

Equity Shares
When you hear the word shares, people nearly always ask equity shares or common stock . With equity shares, a corporation offers you partial ownership and thus, involves tons of business risk. The members, who own equity shares, also acquire the proper to vote for critical decisions within the company. These decisions may include electing a replacement leader, acquisition, merger, etc. and that they play an important role in raising capital for the corporate . Equity capital forms the essential foundation of the corporate and its creditworthiness.

The dividends or payouts to equity shareholders predominantly depend upon the earnings of the corporate . Once the corporate has settled all other claims and expenses, it’ll pay its equity shareholders.

What Is The Difference Between Equity Share And Preference Share?
Both represent ownership capital and entitles you to possess a claim on the company’s profit within the sort of a dividend, announced by the company . When profit share is announced, preference shareholders have the primary claim. They receive their bonus at a hard and fast rate but don’t enjoy voting rights within the majority of companies like equity shareholders do.

When we mention investing in stocks, we usually ask equity shares, which also are called general shares. With this, a corporation offers you partial ownership within the company and thus , it involves high risk. Profit on equity shares depends on the company’s performance. And so, your dividend percentage also will fluctuate, which suggests you would possibly not receive any dividend sometimes . But with preferred stock , the corporate is sure to pay the dividend.

Secondly, risks of an equity shareholder are an equivalent as what the corporate experience. As compared to them, risk exposure of preference shareholders is nominal. So, they even have a preferential claim on receiving their capital back before the corporate settles its general shareholders.

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Source: Difference between Preference shares and Equity shares

Income Tax Assessment

 

Every assessee, who earns income beyond the essential exemption limit during a fiscal year (FY), must file a press release containing details of his income, deductions, and other related information. this is often called the tax Return (ITR). Once you as a taxpayer file the income returns, the tax Department will process it. There are occasions where, supported set parameters by the Central Board of Direct Taxes (CBDT), the return of an assessee gets picked for an assessment.

The various sorts of assessment are as follows:

Self-Assessment
This type of assessment is mentioned in section 140A of tax Act,1961. In this, the assessee himself determines the tax payable. The tax department has made available various forms for filing tax return. The assessee consolidates his income from various sources and adjusts an equivalent against losses or deductions or various exemptions if any, available to him during the year. the entire income of the assessee is then received . The assessee reduces the TDS and Advance Tax from that quantity to work out the tax payable on such income. Tax, if still payable by him, is named self-assessment tax and must be paid by him before he files his return of income. This process is understood as Self-Assessment.

Summary Assessment
It is a kind of assessment administered with none human intervention. during this sort of assessment, the knowledge submitted by the assessee in his return of income is cross-checked against the knowledge that the tax department has access to. within the process, the reasonableness and correctness of the return are verified by the department. The return gets processed online, and adjustment for arithmetical errors, incorrect claims, and disallowances are automatically done. Example, credit for TDS claimed by the taxpayer is found to be above what’s available against his PAN as per department records. Making an adjustment during this regard can increase the liabilities of the taxpayer.

After making the aforementioned adjustments, if the assessee is required to pay tax, he are going to be sent an intimation under Section 143(1). The assessee must answer this intimation accordingly.

Regular/Scrutiny Assessment
This type of assessment is mentioned in section 143(3) of tax Act,1961. The tax department authorizes the Assessing Officer or tax authority, not below the rank of an tax officer, to conduct this assessment. the aim is to make sure that the assessee has neither understated his income or overstated any expense or loss or underpaid any tax.

The CBDT has set certain parameters supported which a taxpayer’s case gets picked for a scrutiny assessment.
1. If an assessee is subject to a scrutiny assessment, the Department will send a notice well beforehand . However, such notice can’t be served after the expiry of 6 months from the top of the fiscal year , during which return is filed.
2.The assessee are going to be asked to supply the books of accounts, and other evidence to validate the income he has stated in his return. After verifying all the small print available, the assessing officer passes an order either confirming the return of income filed or makes additions. This raises an tax demand, which the assessee must answer accordingly. An tax notice under Section 143(2) is issued if the tax officer wasn’t satisfied with the documents and knowledge that was submitted by the taxpayer. Taxpayers who receive notice under Section 142(2) are selected for an in depth scrutiny by the tax department and can need to submit additional information.

Best Judgement Assessment
This assessment mentioned in section 144 of tax Act,1961 gets invoked within the following scenarios:
1. If the assessee fails to reply to a notice issued by the department instructs him to supply certain information or books of accounts
2. If he/she fails to suits a Special Audit ordered by the tax authorities
3. The assessee fails to file the return within maturity or such extended deadline as allowed by the CBDT
4. The assessee fails to suits the terms as contained within the notice issued under Summary Assessment

After providing a chance to listen to the assessee’s argument, the assessing officer passes an order supported all the relevant materials and evidence available to him. this is often referred to as Best Judgement Assessment. The notice sent during this sort of assessment is Show Cause Notice, under section 144 only.

Income Escaping Assessment
This type of assessment is mentioned in section 147 of tax Act,1961. When the assessing officer has sufficient reasons to believe that any taxable income has escaped assessment, he has the authority to assess or reassess the assessee’s income. Some scenarios where reassessment gets triggered are given below.
1. The assessee has taxable income but has not yet filed his return.
2. The assessee, after filing the tax return, is found to possess either understated his income or claimed excess allowances or deductions.
3. The assessee has did not furnish reports on international transactions, where he’s required to try to to so.

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Source: Income Tax Assessment

Difference between Trade License and Shops and Establishment License

 

Trade License – this is often a license that's issued by the Municipal Corporation which provides permission to hold out a specific trade a specific address.

Shop Establishment License – Shops & establishment registration is mandatory for all business entities. It not only includes shops and commercial establishments but also, work from home jobs. Once you register your shop or establishment you'll get a store and establishment certificate.

Read through a couple of points that highlight the difference between Trade license and Shop and establishment licence1. The commencement of any business that falls under the shops and establishment Act will got to get the business registered with the government and trade licence may be a permission given to an individual to hold out a specific trade.
2. Shops and Establishment licence are often obtained for a store or establishment even in residential premises. A trade licence are often obtained just for commercial premises.
3. Trade license is formed mandatory to form sure that unethical business practices aren't administered . A trade licence also ensures that each one rules and safety guidelines issued by the govt are being followed. Shop and Establishment is required by the tiny trader and shop owner who is doing any business activity .
4. Establishments like hotels, restaurants, food stalls, cyber cafes etc require a trade license. Shops and establishment licence is required by any commercial establishment or shop that's providing any quite service.
5. The fee for obtaining a Shops and establishment license and trade license may vary from state.

Conclusion
The shop act license and trade license has got to be obtained within 30 days of commencement of the business. If the conditions of the licenses are violated, then the license are going to be revoked or cancelled. The Shops and Establishment Act governs the working conditions and therefore the rights of workers including wage payments, leaves, work hours etc.

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How to Get Food Liscence in India

 

In India, a person or an entity proposing to start with a food business must obtain a food license or a registration from the Food Safety and Standard Authority of India (FSSAI). Approximately 90% of food products have a prescribed specification by FSSAI. Only the ocean products and therefore the production involving fishermen and farmers are out of the scope of FSSAI. It generally takes two months to get the FSSAI License and approximately six months for the launch of product approval within the market.

IMPORTANCE:
1. Consumer confidence is that the primary and therefore the largest asset for gaining the purpose for the food authorities. A product’s packaging speaks volumes about the merchandise quality and during a way informs the consumers about the food safety standards.

2. the first focus may be a public health

TYPES OF LICENSES:
1. BASIC REGISTRATION
2. STATE LICENSE
3. CENTRAL LICENSE

For Basic FSSAI Registration:
The petty and small-sized food business operators like manufacturers, transporters, storage units, distributer, marketers, retailers, etc. are required to accumulate a Basic FSSAI Registration which is issued by the government for a minimum period of 1 year and a maximum of 5 years. it’s mostly for the units having an annual turnover of but 12 lakh. the remainder depends on the eligibility, the FBO can thus fall into either the State FSSAI License or the essential Registration.

Documents required for Basic FSSAI — Food License:

• Photo of Food Business Operator
• Document for Identity Proof like card , Voter ID Card, PAN Card, driver’s license , Passport, Aadhar Card, oldster Card, Department Issued ID
• Supporting Documents (if any):- NOC by Municipality/Panchayat, Health NOC

Registration Procedure 1. FSSAI registration is initiated by submitting Form A (application) to food and safety department.
2. This application are often accepted or it’s going to be rejected by the Department within 7 days from the appliance date and therefore the fact has got to be intimated to the applicant in writing
3. If the appliance is accepted, then the department will grant a registration certificate with the license number and therefore the photo of the applicant.
4. FBO should prominently display the certificate of registration at the place of business during the business hours.

FEES STRUCTURE:
1. new registration certificate — 100/year
2. renewal of registration certificate — 100/year
3. duplicate of registration certificate — 10% of the applicable certificate fee

Suspension and Cancellation of Food License
Under the below-mentioned circumstances, the food license can either be cancelled or suspended:

• gastrointestinal disorder outbreaks that are related to the spread of the disease.
• Serious food complaints in cases where the consumer’s safety is affected.
• Food Business Operator’s non-compliant premises.
• Serious violations of the FSSAI rules and compliances.
• A violation just in case there’s a history of non-compliance of FSSAI safety rules and requirements.
• Non- compliance with an improvement or other legal notice without reasonable excuse.
• Interrupting a politician.

For State FSSAI License
The authority has guided the food business operators, having an annual turnover of quite 12 lakh, like small to medium-sized manufacturers, storage units, transporters, marketers, retailers, distributors, etc to get the State FSSAI License. it’s issued by the respective government having a minimum validity of 1 year and a maximum of 5 yrs.

Eligibility for State FSSAI License
The State FSSAI License are often taken by the subsequent food business operators:
1. Meat Processing Units
2. Proprietary Foods
3. Slaughtering Units
4. Restaurants
5. Hotels
6. Food Processing Units including retailers and repackers
7. Dairy Units, including Milk Chilling Units that are equipped to handle and process.
8. oil Processing Units and therefore the Units that produce oil through the method of solvent extraction and refineries, including Oil Expeller Unit.

Documents for FSSAI State License
The required documents for obtaining State FSSAI license are as follows:

• Form-B duly completed and signed by the Proprietor.
• Blueprint or layout of the world location.
• Proof of possession of premises.
• Partnership affidavit of Proprietorship.
• Contact details of the administrators .
• List and details of the kinds of kit and machinery.
• Proprietor’s photo ID and Address Proof issued by the govt of India. just in case of a corporation , the administrators photo ID and address proof.
• List of food category that has got to be manufactured.
• Authority letter with name and address of the responsible person.
• NOC and replica of License from the manufacturer.
• Food Safety Management System Plan or Certificate.

Registration Procedure
Procedure for State License Application
1. Before applying for a State FSSAI License it’s important to see the eligibility criteria as mentioned by the Food Safety and Standards Authority of India.
2. After successfully checking the eligibility criteria subsequent step is to furnish the appliance form for obtaining the State FSSAI License. Every data provided to the department must be correct and appropriate.
3. Remember that the generic names must be mentioned for the products and not the brand names.
4. All the products as mentioned within the license must be approved as per the FSS Act, 2006.
5. At last, you’ll be asked for a way a few years you would like to use . you’ve got to settle on the acceptable period of your time that you would like to require the license.
6. Post-filing the shape , the prescribed fees need to pay either through a web portal or by submitting the demand draft at the FSSAI state office.

For Central FSSAI License
Food business operators who have a turnover greater than 20 crores like large manufacturers, 100% export oriented units, importers, operators within the Central Government agencies, airports, seaports, etc are enforced to get a Central Food License issued by the Central Government. Also, the FBO’s are directed to get the Central License for his or her head office and if they operate in additional than one state. The minimum tenure of this license is one year and therefore the maximum is 5 years.

Eligibility for Central FSSAI License
The Central FSSAI License are often taken by the subsequent food business operators:
1. Dairy Units, including Milk Chilling Units that are equipped to handle and process.
2. Slaughtering Units
3. Proprietary Foods
4. Food Processing Units that include retailers and repackers.
5. oil Processing Units and therefore the Units that produce oil through the method of solvent extraction and refineries, including Oil Expeller Unit.

Documents Required for FSSAI Central License
The required documents for obtaining Central FSSAI license are as follows:

• Form-B duly completed and signed by the proprietor or owner.
• Blueprint or layout of the world location.
• Contact details of the administrators .
• List and details of the kinds of kit and machinery.
• Proprietor’s photo ID and address proof issued by the govt of India. within the case of a corporation , the administrators photo ID and address proof.
• Analysis of water report from a recognized/public health laboratory.
• Proof of possession of premises.
• Pesticide residues report of water just in case of units manufacturing mineral or soda water from recognized/public health.
• NOC and replica of the license from the manufacturer.
• Food Safety Management System plan or certificate.
• NOC/PA issued by FSSAI
• IE Code issued by DGFT for importers.
• FSSAI Declaration Form.
• Source of milk, if applicable.
• Supporting proof of turnover, if applicable.
• Source of meat and meat processing units, if applicable.
• NOC from the municipality and native body, if applicable.
• MCA Incorporation Certificate, if applicable.
• Certificate provided by Ministry of Tourism, if applicable.
• Supporting proof of turnover for vehicles, if applicable.

Procedure for Central License Application
1. If consistent with the eligibility criteria, one is directed to urge a Central FSSAI License then they need to fill out the appliance form consistent with the rules as prescribed by FSSAI. It must be taken care that each data provided must be correct, appropriate and authentic.
2. Remeber that the generic names must be mentioned for the products and not the brand names.
3. All the products as mentioned within the license must be approved as per the FSS Act, 2006.
4. At last, you’ll be asked for a way a few years you would like to use . you’ve got to settle on the acceptable period of your time that you would like to require the license.
5. Post-filing the shape , the prescribed fees need to pay either through a web portal or by submitting the demand draft at the FSSAI state office.

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Source: http://companyformationindia.com/blog/food-license-in-india.html