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COMPANY REGISTRATION @ 7000*/- GST REGISTRATION @ 450

Company Registration - Private Limited / One Person Company / LLP / Nidhi Company etc.  How To Register A Company:To efficiently register a company is a big decision. We are here to help you in an easiest way to register your company under correct structure.

Registering a company is a first step that has to be taken so, find out the pros and cons of different registration.
Type of Company Registrations.How to register a company?What are the limits, requirements and documents required for registration?To Know the right structure of your business is equally important as any other activities related to business. In India, companies must register themselves as a part of the mandatory legal compliance to run your company efficiently one need to understand the type of companies in India.


Types of Companies In India:
Let’s understand the types of company in India and their Legal requirements, criteria and documents required for registration.

1. Private Limited Company (Pvt. Ltd. Company)

There sho…
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PROFESSIONAL SERVICES

Our Services include services of GST Consultancy, GST Advisory Services, GST Consultant, Company Registration Consultant, Startup Consultant, Tax Consultant, Registration services such as MSME, Society, Trust, TAN, PAN etc.Our Services also includes Part Time Accounting, Monthly Accounting, TDS Return Filing, Employee State Insurance (ESI) Return & Registration, Providend Fund (PF) Return & Registration, Company Registration, Statutory Compliances.

GST Registration Process

GST Registration - Eligibility, Process and Expert HelpGST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. 
By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim an input tax credit of GST paid and/or could be penalised. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover. GST Turnover LimitThere are various types of GST registration and some types of entities like casual taxable persons, non-resident taxable persons or per…

PART TIME ACCOUNTING

Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Some of the many other examples of accounting include: Advising on accounting systemsIncome tax planning, advising, and reportingAuditing the financial statements of companies and other organizationsProviding general business adviceFinancial planning for individuals

DIGITAL SIGNATURE

About Digital SignatureA Digital Signature Certificate, like hand written signature, establishes the identity of the sender filing the documents through internet which sender can not revoke or deny. A Digital Signature Certificate is not only a digital equivalent of a hand written signature it adds extra data electronically to any message or a document where it is used to make it more authentic and more secured. Digital Signature ensures that no tampering of data is done once the document has been digitally signed. A DSC is normally valid for 1 or 2 years, after which renewal is required. There are basically 3 types of Digital Signature Certificates Class-1,  Class-2 & Class-3 each having different level of security. All the authorized signatories of company under MCA require Class-2 Digital Signature Certificate. Similarly any document filed by CA/CS/CWA & TAX PRACTIONERS under MCA require Class-2 Digital Signature Certificate.

IMPORT EXPORT CODE

About Import Export CodeIEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies. To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number. An application for grant of IEC number shall be made by the Registered/Head Office of the applicant and apply to the nearest Regional Authority of Directorate General Foreign Trade, the Registered office in case of company and Head office in case of others, falls in the ‘Aayaat Niryaat Form - ANF2A’ and shall be accompanied by documents prescribed therein. In case of STPI/ EHTP/ BTP units, the Regional Offices of the DGFT having jurisdiction over the district in which the Registered/ Head Office of the STPI unit is located shall issue or amend the IECs.

MSME REGISTRATION

MSME Registration (Micro, Small and Medium Enterprises)
MSME stands for Micro, Small and Medium Enterprises.         In a developing country like  India,MSME  industries are the backbone of the economy. The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries (As per msme.gov.in). When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s. Even if the Company is in the manufacturing line or the service line, registrations for both these areas can be obtained through the MSME act. This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.

PF/ ESI REGISTRATION

Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employee.

Employee's State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. This fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India.

DIR 3 KYC_FAQ'S

What is DIR KYC form and their queries 
Who is required to file DIR-3 KYC form?For Financial year 2018-19 - Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 15th September 2018. For Financial year 2019-20 onwards - Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th April of the immediately next financial year. After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’. Which details are required to be filled in the form?Name (as per PAN database), Father’s Name (as per PAN database), “Date of Birth (DoB)” (as per PAN database), PAN Number (mandatory for citizens of …

COMPANIES (AUDITOR’S REPORT) ORDER, 2016

Ministry of corporate affairs (MCA) issued Companies (Auditor's Report) Order, 2016 which is applicable to all companies including a foreign company except the following: ·A banking company ·An insurance company ·A company licensed under section 8 of companies act ·A one person company ·Small companies ( a company whose paid up capital does not exceed 50 lakhs and turnover does not exceed 2 crores) ·A private limited company ( not being a subsidiary or holding of a public company) whose paid up capital and reserves and surplus less than or equal to Rs. 1 crore, or Borrowing is less than or equal to Rs. 1 crore at any time during a financial year, or Revenue is less than or equal to 10 crores in the financial year.

Matters to be included in the auditor's report under CARO, 2016 Following matters are required to be reported by the auditor mandatorily in the companies (auditor’s report) order, 2016: 1.FIXED ASSETS -Whether the company is maintaining proper records and quantitative details a…

INCOME TAX UPDATES

Changes in Income Tax For AY 2019-20
1. If the taxpayer is a director in a company at any time during the tax year, following details need to be furnished (ITR 2, 3):
► Name and Permanent Account Number (PAN) of the company
► Whether shares of the company are listed or unlisted
► Director identification number

2. If the taxpayer is a partner in a Firm* then need to Furnish Name of the firm and PAN needs to be disclosed separately (ITR 5, 7).

3. Enhanced reporting in case of transfer of immovable Property*- Such as name and PAN of the buyer, address of property and in case of more than one buyer, percentage share and amount of each buyer need to be reported (ITR 2, 3, 5, 6).

4. Break-up of interest income earned needs to be bifurcated into interest earned from savings bank, deposits, income tax refund, interest in the nature of pass-through income or others. (ITR 2, 3, 5, 6, 7)

5. Break-up of certain specified incomes such as dividend income, winning from lotteries, puzzle, races etc. which ar…