Tag Archives: #BusinessOwner

Can an individual person get registered under GST in India to sell online?

Risk in GST registration on home address

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 »

How do I file ITR for business for tax savings?

ITR filing without tax payment

ITR for business for tax savings   ITR for business,To file your Income Tax Return (ITR) for a business and take advantage of tax savings, you should adhere to the following steps: 1.Maintain accurate books of accounts: It is important to maintain accurate books of accounts and financial statements of your business to calculate the… Read More »

Q236 Company registration for GST: Is company registration mandatory for GST registration?

Company registration for GST

Company registration for GST Yes, company registration is mandatory for GST registration in India. Only entities that register under a legal structure recognize by the Indian law can apply for GST registration. This includes companies registered under the Companies Act, 2013, as well as other types of entities such as LLPs (Limited Liability Partnerships), partnerships,… Read More »

PAN number: Does the PAN number become a part of the GST number in registration?

PAN number

PAN number GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit alphanumeric code issue to every registered taxpayer under the GST regime. The first two digits of the GSTIN represent the state code, followed by the next 10 digits representing the PAN number of the taxpayer, then a 2-digit entity code for the… Read More »

What type of registration is required for sole proprietorship in India?

Sole Proprietorship

Sole Proprietorship   In India, a Sole Proprietorship is not required to be register with the government. However, depending on the nature of the business and the location. There may be certain registrations and licenses that the proprietorship needs to obtain to operate legally. Some of the registrations and licenses required for a sole proprietorship… Read More »

What is one person company?

One Person Company

One Person Company One Person Company (OPC) is a type of company that can be formed with only one person as its member or shareholder. It introduce in the Companies Act, 2013 to encourage small business owners and entrepreneurs to start their own companies with limited liability protection. A OPC has a separate legal identity… Read More »

Self-registration LLP: Can I register an LLP by myself?

LLP registration

Self-registration LLP       Self-registration LLP: Limited Liability Partnerships (LLPs) have become a popular choice for entrepreneurs and small businesses due to their flexibility and tax advantages. Understanding LLP Formation LLP formation involves several steps, including choosing a business name, drafting a partnership agreement and filing registration documents with the appropriate government agency. While… Read More »

How do I start a private company in India?

Start a Private Company in India

Start a Private Company in India To start a private limited company in India have so many rule and regulation. Initiating the establishment of a Private company involves several sequential steps, outlined as follows: To visit https://www.mca.gov.in/ Obtain a Digital Signature Certificate (DSC): The initial step entails acquiring a Digital Signature Certificate (DSC) for the… Read More »

Is it important to register a name if you are a sole proprietor?

Sole Proprietorship Registration

Sole Proprietorship Registration In most cases, it is not a legal requirement for a sole proprietor to register their business name. Since It does not consider a separate legal entity from the owner, the business name is typically the same as the owner’s name. However, if the owner wishes to use a business name different… Read More »