???1. When should i register as sole proprietorship, will it depend on my turnover?
Registration under VAT depends upon the limit prescribed under the state in which you are going to have the business.
???2. can i issue invoice without registering my business?
Yes.
???3. what other payment mode i can use apart from cash? i don't have current account.
Online Payments, Debit/Credit Card, Cheque, etc. Current Account is not mandatory for experiment, but preferably to have when the business is growing.
Regards,
CA. Rajeev P T
Partner
Rajan Chakravarthy & Associates, Chennai
Email: ca.rajeevpt@gmail.com
*****This Opinion is based on stated facts and the legal position as on date. The views expressed may not be relevant where there is any change in facts or law. This Opinion is not in the nature of an assurance that an alternative view or interpretation cannot emerge.