How to take Bar code registration for startups and MSME in India

50 %
50 %
Information about How to take Bar code registration for startups and MSME in India

Published on December 26, 2016

Author: startupscratch


1. Why your business or startup need BAR CODE REGISTRATION for Help or Assistance contact 9971504105 WWW.STARTUPSCRATCH.COM 1

2. What is BAR CODE..?? Barcodes are machine readable symbols in the form of numbers and parallel lines used universally to identity and track products. Barcodes play a key role in supply chains, enabling retailers, manufacturers, and transport providers to easily identify and track products as they move through the supply chain. WWW.STARTUPSCRATCH.COM 2

3. Why a Startup Should take Barcode In point of sale management, barcode systems can provide detailed upto date information on the business, accelerating decisions and with more confidence. For example: 1. Fast selling items can be identified quickly and automatically reordered. 2. Slow selling items can be identified, preventing inventory build- up. 3. The effects of merchandising changes can be monitored, allowing fast moving, more profitable items to occupy the best space, 4. Historical data can be used to predict seasonal fluctuations very accurately. Items may be repriced on the shelf to reflect both sale prices and price increases. 5. This technology also enables the profiling of individual consumers, typically through a voluntary registration of discount cards. While pitched as a benefit to the consumer, this practice is considered to be potentially dangerous by privacy advocates. WWW.STARTUPSCRATCH.COM 3

4. Barcode in India GS1 is a not-for-profit, global entity that manages and standardizes bar codes across India. GS1 sets standards and manages the barcode standard used by retailers, manufacturers and suppliers. Approximately two million companies across 20 industries such as Retail & Consumer Packaged Goods, Food, Healthcare, Transport & Logistics (including Customs), and Government etc. worldwide are using the GS1 System of standards. Therefore, GS1 is the organization that controls the issuance of barcode that can be scanned anywhere in the world. In India, GS1 India was established in the year 1996 as a not-for- profit organization by the Ministry of Commerce and Industry, Government of India along with leading Chambers of Commerce and Industry. As an affiliate of GS1 Global, GS1 India administers and allocates GS1 barcodes in India. WWW.STARTUPSCRATCH.COM 4

5. Types of Barcode 1. GS1 EAN/UPC Family Barcodes 2. GS1 DataBar Family Barcodes 3. GS1 1D Barcodes 4. GS1 2D Barcodes WWW.STARTUPSCRATCH.COM 5

6. Pricing for Barcode in India The pricing for barcode registration in India varies based on the number of barcodes required, annual turnover of the company and the number of years barcode subscription is sought for. The following chart illustrates the cost for a company having an annual turnover of less than Rs.10 crores wishing to obtain 1-100 GS1 barcodes Subscription Period Registration Fee (1) Subscription Fee (2) Security Deposit (3) Service Tax (4) Total Fee = (1+2+3+4) For 1 Year 26000 8260 3000 5139 42399 For 2 Year 26000 15694 3000 6254 50948 For 3 Year 26000 22302 3000 7245 58547 For 10 Year 26000 78470 0 15671 120141 WWW.STARTUPSCRATCH.COM 6

7. Process for obtaining Barcode in India Barcode can be obtained easily in India by submitting the following documents along with requisite fee to GS1 India for allocation of GS1 Company Prefix to be used for barcoding of products. The following documents must be submitted. 1. GS1 India registration form duly filled and signed along with the “product classification sheet” duly encircling / highlighting the product categories being manufactured / supplied. 2. Request letter / forwarding letter on letterhead for allocation of GS1 company prefix number. 3. Copy of balance sheet (relevant page in support of sales turnover) as on 31st March, 2016 or latest. 4. PAN card copy of Proprietor – in case of Proprietorship firm or PAN card copy of the applicant company in other cases. 5. Proof of status of Applicant Company (for Proprietorship firm – VAT Registration Certificate / Partnership deed; for Private Limited Company / Limited Company – Certificate of Incorporation) WWW.STARTUPSCRATCH.COM 7

8. For quick Assistance contact us on +919971504105 or mail us on startupscratch@GMAIL.COM WWW.STARTUPSCRATCH.COM 8

Add a comment