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 »
Accrued expense definition Accrued expense definition, Accrued expense and outstanding expense are both terms relate to expenses that are incur but not yet paid. However, there is a difference between the two terms: Accrued expense An accrued expense is an expense that has been generate but not yet paid, and has not been record in… Read More »
Is a Digital Signature Certificate (DSC) Mandatory for Proprietorship in GST? In the evolving landscape of India’s tax system, the Goods and Services Tax (GST) has become a central component for businesses across the country. One important aspect of GST compliance is the use of a Digital Signature Certificate (DSC) for filing returns and… Read More »
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 »
Can a Sole Proprietorship Have Multiple Businesses? Yes, a sole proprietorship can indeed operate multiple businesses under one owner. A sole proprietorship is the simplest form of business structure, where a single individual owns and operates the business. Although it’s known for simplicity and flexibility, there’s a common misconception that a sole proprietorship can only… Read More »
How do I register a company as a sole proprietorship Sole proprietorship are not required to be registered with the government. To register a company as a sole proprietorship However, depending on the nature of the business and its operations, there may be certain registrations and licenses that the proprietorship needs to obtain in order… Read More »
