Incorporation Incorporation for registering a Private Limited Company in India, you need to follow these steps: 1.Obtain Digital Signature Certificate (DSC): The first step is to obtain a Digital Signature Certificate (DSC) for the directors and shareholders of the company. This is required for filing the registration forms online. 2. Apply for Director Identification Number… Read More »
Registration of Sole Proprietorship Sole proprietorship registration is the process of officially establishing and legalizing a sole proprietorship business. While the registration requirements can vary depending on the jurisdiction, the general steps involved in sole proprietorship registration are as follows: Choose a Business Name: Select a name for your sole proprietorship. You can use your… Read More »
GST Compliance Requirements GST compliance requirements, To ensure GST compliance, businesses need to fulfil certain requirements and obligations. Here are some key requirements for Gst compliance requirements : GST Registration: Businesses whose turnover exceeds the specified threshold (varies by country) are required to register for GST. The registration process involves providing necessary information to… Read More »
Risk in taking GST on home address For many small business owners or freelancers, using a home address for Goods and Services Tax (GST) registration is a common practice, especially if they don’t have a commercial office space. But is there any risk involved in this? Let’s explore the potential concerns: Legal Compliance As long… Read More »
Can I Use a Single GST Number for Selling Products and Services In India, the Goods and Services Tax (GST) is a comprehensive tax system that has streamlined the taxation process for businesses. A common question among entrepreneurs and small business owners is whether they can use a single GST number for selling both… Read More »
The documents required for registering a home-based business The documents required for registering a home-based business for GST registration are as follows: 1.PAN card of the business owner2.Aadhaar card of the business owner 3.Proof of business ownership (for example, rental agreement, NOC or electricity bill) 4.Bank account details 5.Digital signature certificate (DSC) of the authorized… Read More »
Are company registration and GST registration the same Company registration and GST registration are two distinct processes and not the same. Company registration refers to the process of legally registering a business as a company, while Goods and Services Tax registration refers to the process of registering a business for the Goods and Services Tax… Read More »
GSTRegistration for individuals GSTRegistration for individuals Yes, an individual person can get registered under GST in India to sell online. Businesses with an annual turnover exceeding Rs. 40 lakhs (or Rs. 20 lakhs in special category states) are required to mandatorily register for GST. In certain instances, individuals whose annual turnover falls below the prescribed… Read More »
Legal documents for business The legal documents that are needed for a business can vary depending on the type of business, industry, and location. However, the following are some of the common legal documents that businesses may need: 1.Business registration documents: These documents include the certificate of incorporation, memorandum of association, articles of association, and… Read More »
GST registration for multiple states GST registration can obtain a taxable person under GST in each of the State or Union Territory, from where the taxable supply of goods or services made. For example, if a restaurant operates in the States of Maharashtra and Delhi, then separate GSTIN would have to be obtained for Maharashtra… Read More »
