REGISTRATIONS AND LICENCES

  • TAX REGISTRATION: essential for businesses in India to ensure compliance and smooth operations. It includes GST, PAN, TAN, and industry-specific registrations, enabling tax collection, benefits, and legal adherence.
  • PROFESSIONAL TAX: Professional Tax is a state-imposed tax on income from employment, profession, or trade, governed by state laws under Article 276 of the Indian Constitution. Rates vary by state, and employers handle deduction and payment.

Professional Tax is a state-imposed tax levied on individuals earning income through employment, profession, or trade. Governed by the Professional Tax Act of respective states and authorized under Article 276 of the Indian Constitution, it is applicable to salaried employees, self-employed individuals, and business owners. The tax rates and exemptions vary across different states, with a maximum cap of ₹2,500 per year.

Employers are responsible for deducting professional tax from employees’ salaries and remitting it to the state government. Self-employed individuals must register and pay it directly. Non-compliance may result in penalties as per state regulations. Since professional tax is a state subject, not all states impose it, and businesses must check their respective state laws for compliance.

Documents Required For Professional Tax Registration

  • MOA/AOA
  • ORENTAL AGREEMENT/TITLE DEED
  • ELECTRCITY BILL
  • PAN COPY OF THE COMPANY
  • BOARD RESOLUTION
  • BANK ACCOUNT DETAILS AND STATEMENT
  • PHTOTOGRAPHS OF DIRECTORS
  • ADDRESS PROOFS & ID PROOF OF DIRECTORS
  • IMPORT-EXPORT CODE: Import Export Code (IEC) is a mandatory 10-digit registration issued by the DGFT under the Foreign Trade (Development & Regulation) Act, 1992. It is essential for businesses engaged in international trade, facilitating seamless import and export transactions in India.

 Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Foreign Trade (Development & Regulation) Act, 1992. It is mandatory for businesses involved in import and export activities in India. IEC registration facilitates smooth international trade by enabling customs clearance, foreign remittances, and compliance with global trade regulations. It is a one-time registration that remains valid for a lifetime, requiring no renewal. Without an IEC, businesses cannot engage in cross-border trade or avail of benefits under various government export promotion schemes. It is linked with PAN and must be updated in case of business changes. IEC is exempt for specific categories like government departments and individuals importing/exporting for personal use. The application process is online through the DGFT portal, making it accessible and hassle-free.

Documents Required For Import Export Code

  • RENTAL AGREEMENT/TITLE DEED
  • ELECTRCITY BILL
  • PAN COPY OF THE COMPANY
  • BOARD RESOLUTION
  • BANK ACCOUNT DETAILS AND STATEMENT
  • PHTOTOGRAPHS OF DIRECTORS
  • ADDRESS PROOFS & ID PROOF OF DIRECTORS
  • MOA/AOA
  • SHOPS AND ESTABLISHMENTS COMPLIANCES: The Shops and Establishments Act is a state-specific law regulating working conditions, employee rights, and business operations. It mandates registration and ensures compliance with wage laws, working hours, and workplace safety norms.The Shops and Establishments Act is a state-specific law that regulates the working conditions of commercial establishments, including shops, offices, hotels, and other businesses. It governs aspects such as working hours, wages, employment conditions, holidays, and employee rights to ensure fair labor practices. Every business must register under this Act within a stipulated time after commencing operations. The Act also mandates provisions for maternity leave, workplace safety, and dispute resolution. Compliance varies by state, and penalties may apply for violations. It is crucial for businesses to adhere to these regulations to ensure smooth operations and legal compliance.

Documents required for Shops and Commercial Establishments Registration:

  • ID Proof and Residential address proof of Directors/ Partner/Proprietor
  • Rental Agreement of Business
  • PAN copy of the Company / LLP / firm / Proprietor
  • Certificate of incorporation, Memorandum of Association and Articles of association of company / Partnership Deed /LLP Agreement
  • Authorisation letter
  • Board resolution in case of Companies
  • List of Employees (including male and female)
  • Child labour Declaration & Specimen Signatures
  • START-UP REGISTRATION: Startup Registration in India under DPIIT allows new businesses to access benefits like tax exemptions, funding support, and simplified compliance, fostering innovation, scalability, and ease of doing business.
  • ESI RESISTRATION: ESI Registration is a mandatory insurance scheme under the Employees’ State Insurance Act, 1948, offering medical and financial benefits to employees. Applicable to businesses with 10 or more employees, it covers health, maternity, disability, and other welfare benefits.
  • EPFO: The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, regulates provident fund, pension, and insurance schemes. Governed by the EPF Act, 1952, it ensures financial security through employer-employee contributions.
  • TRADE LICENSE: A Trade License is a legal permit issued by the local municipal authority under the Shops and Establishments Act, allowing businesses to operate in a specific area while ensuring compliance with safety, hygiene, and regulatory norms.
  • FSSAI LICENSE: An FSSAI License (State and Central) is a mandatory food safety registration under the Food Safety and Standards Act, 2006, for small, medium and large food businesses operating within a single/Multiple state based on the prescribed turnovers Issued by the Food Safety Department, it ensures compliance with hygiene and quality standards.
  • GOODS AND SERVICES TAX: Goods and Services Tax (GST), governed by the GST Act, 2017, is a unified indirect tax replacing multiple state and central taxes. It simplifies taxation on goods and services through CGST, SGST, IGST, and UTGST, ensuring seamless compliance.

Goods and Services Tax (GST) is a unified indirect tax system implemented in India under the GST Act, 2017, replacing multiple state and central taxes like VAT, excise, and service tax. It is levied on the supply of goods and services at every stage of the supply chain, ensuring seamless input tax credit. GST is categorized into CGST (Central GST), SGST (State GST), IGST (Integrated GST), and UTGST (Union Territory GST) based on intra-state and inter-state transactions. Businesses with an annual turnover exceeding the prescribed threshold must register for GST. It simplifies tax compliance through a centralized online portal and e-invoicing. GST has helped in reducing tax cascading, promoting ease of doing business, and enhancing tax transparency. Non-compliance may lead to penalties, interest, or legal actions by tax authorities.

Document Required for GST Registration:

  • Photographs (wherever specified in the Application Form)
  • Constitution of Business (supporting documents).
  • Proof of Principal Place of Business.
  • Bank Account Related Proof.
  • Authorization Form.
  • MSME: Micro, Small, and Medium Enterprises (MSME) drive India’s economic growth by generating employment, boosting exports, and supporting industrial development. Governed by the MSME Development Act, 2006, businesses are classified based on investment and turnover. Udyam Registration grants access to government incentives, subsidies, tax benefits, and easier credit. MSMEs in manufacturing, services, and trading benefit from priority sector lending, market support, and technology upgradation, ensuring growth and sustainability.

Documents required for MSME registration:

  • Aadhaar Card – Mandatory for proprietors, partners, or directors.
  • PAN Card – Required for the business entity or individual.
  • Business Address Proof – Utility bill, rent agreement, or property ownership document.
  • Bank Account Details – Cancelled cheque or bank statement.
  • Business Registration Proof – Partnership deed, certificate of incorporation (for companies), or any relevant registration document.
  • Investment & Turnover Details – Balance sheet, ITR, or other financial records.
  • NIC Code – Industry classification code for the business.
  • GSTIN (if applicable) – Required if registered under GST.
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