New Company Registration

Is it Necessary to Register a Start-up in India? "Call Our Business Plan Experts at +91-72999-72500" A startup is a small business that aims to solve problems that are already present in the existing systems. It's a venture that is usually funded by the founders, or they may try to attract financial interest from outside investors in exchange for a stake in the company. The process of registering a startup in India is relatively quick and straightforward. However, it's important to know that the documentation required must be precise and up-to-date. This includes the Memorandum of Association (MOA) and the Articles of Association (AOA). During the startup registration process, you must also choose a type of business structure. This can be a private limited company, a registered partnership firm, or a limited liability partnership. The chosen structure will determine which tax benefits you will be eligible for. For example, if you register your ...

Successful Business Ideas for Small Business Entrepreneurs in India "Call Our Business Plan Experts at +91-72999-72500" One of the biggest reasons why start-ups fail is because they don't align their business idea with market demand. Identifying your audience is key to finding an original and profitable idea. India is a developing country with a large population, and it also has a long tradition of entrepreneurship. This article will present successful business ideas for small business entrepreneurs in India . Market Research Market research is the best way for small businesses to learn more about their existing audience and potential customers. While there are some high-end market research tools that offer on-demand insights, for a more cost-effective approach, small business owners can conduct their own surveys. In addition to learning more about their audience, the data that can be gained from a survey can also help small businesses iden...

10 Common Mistakes to Avoid While Filing GST Returns in India "Call Our Business Plan Experts at +91-72999-72500" 10 Common mistakes to avoid while filing GST Returns in India As a taxpayer, it is your responsibility to file returns on time and pay taxes under the correct heads. Not doing so can result in penalties and financial losses for your business. The  GST return filing  system is complex and requires a lot of manual data entry to generate reports. It's common for human error to occur during this process which can lead to mistakes in GST filing and compliance.  Here are some of the common errors that can be avoided: Putting wrong details in GSTR-1 form: This is one of the most common mistakes that are committed by the taxpayers. While filling the GSTR-1 form, they tend to enter wrong invoice details such as place of supply and rate of tax. This can lead to mismatch of data between GSTR-3B and GSTR-1, which in turn can result in revenue lo...

Importance of Startup India Registration "Call Our Business Plan Experts at +91-72999-72500" In the current times, the government of India is offering numerous benefits for entrepreneurs. One of the most important schemes is Startup India which provides financial support, regulatory exemptions and single-window clearances for startups. The government has made the process easier by providing a mobile application and a website for Startup registration. Startups can avail a variety of benefits under this scheme such as tax rebates, a single-window clearance for filing compliances and fast-tracked patent processing. Startups can also avail lists of facilitators who help them file their patents and trademarks at lower fees. For a startup to get registered under Startup India , they need to meet the following eligibility criteria. The company must be a private limited company or a partnership firm or an LLP and should have been incorporated not earlier than five ...

Benefit of Starting a Business in India by a Foreign Nation NRI "Call Our Business Plan Experts at +91-72999-72500" As one of the fastest growing economies in the world, India has become a preferred investment destination for NRIs, Foreign Nationals and foreign companies. Its booming economy is backed by a huge pool of talent and cheap labour, both of which make it very attractive for businesses to set up operations here. The government also encourages foreign investment as it further fuels the growth of the economy. However, it is important for non-resident Indians to keep certain things in mind when setting up business in India. This includes registering for taxes, complying with labor laws, obtaining licenses and permits, etc. To help them with the process, several online services have been established that assist with setting up and running a sole proprietorship in India. These services can be accessed from anywhere in the world using a computer or mo...

GST Registration for Small Business in India "Call Our Business Plan Experts at +91-72999-72500" If you are a small business owner, GST registration should be among the top priorities of your to-do list. While the initial stress of getting GST compliant may seem intimidating, the benefits in the long run far outweigh it. From streamlined operations to collateral-free loans, there are plenty of reasons why you need to get your business registered under the new tax regime. GST registration  is an essential step for small businesses in India.  As per the provisions of the GST Act, a person whose financial turnover exceeds Rs 40 lakh (for non-hill and northeastern states) or Rs 10 lakh (for hill and northeastern states), has to register for GST. However, a person can also apply for a voluntary registration, if the annual turnover is below 40 lakhs or Rs 10 lakhs respectively. The unified system of taxation brought under GST reduces the burden of taxes as co...

Who Is Liable to Deduct and Pay TDS Under Income Tax Act? "Call Our Business Plan Experts at +91-72999-72500" Contractors working on projects for governments at various levels, local bodies and co-operative societies are liable to get TDS deducted. This can include services such as catering or advertising also. The TDS deduction rate is 1% for individuals and HUF and 2% for entities other than Individuals or HUF (like companies/firms). No TDS is deducted for an individual receiving payment upto Rs 30,000 in a single payment or upto Rs 100,000 in aggregate during the financial year. TDS is deducted only if the individual provides his/her PAN number. Those receiving rental income from letting out of land, building, plant & machinery or furniture and fittings are liable to get TDS deducted. It is advisable to provide your PAN card to the landlord or whoever is paying rent to avoid deductions at the time of payment. You can check your TDS credit in Form 26AS an...

How Can I Register Udyam For Private Limited Company?  "Call Our Business Plan Experts at +91-72999-72500" Upon completing the process, the enterprise is awarded a Udyam Registration number which can be used to apply for various government schemes. It also entitles the business to collateral-free loans from banks, lower interest rates on loan amounts and concessions in electricity bills, among other benefits. The Udyam Registration process is completely online and there is no need to submit any documents. The process is based on self-declaration and requires only the PAN of the business, Aadhaar number of the applicant and GSTIN (for companies that have already registered under EM-II or UAM. It is recommended to thoroughly check the forms and information provided by the enterprise. A single mistake can cause the form to be rejected, so make sure everything is correct. Once the application is approved, an e-certificate of MSME Udyam is issued by the Go...

How to Register Your Business in Tamilnadu  "Call Our Business Plan Experts at +91-72999-72500" Incorporating a business in India is one of the most important things that an entrepreneur can do for their new venture. There are a few key steps that must be taken into consideration in order to complete the process seamlessly. The first step is to decide which legal structure will be best suited for your business. This will depend on the nature and scale of your operation as well as your financial goals. Once you have decided which legal structure you would like to proceed with, the next step is to get your Business registered . This can be done with the Registrar of Companies (ROC) in your region. ROCs are responsible for registering and overseeing the reporting of companies in India as well as conducting investigations into matters related to corporate compliance. If you are incorporating your business as a private limited company, the first step is to get yo...