HERE HOW IT WORKS
1. Fill Form
Simply fill the above form to get started.
2. Call to discuss
Our experts will connect with you & prepare documents.
3. Get GST Number
Get your GST Identification Number from the comfort of your home.
Why do I need GST Registration?
GST registration not only helps you in getting your business recognized as a legal registrant but also opens a number of opportunities for your business. Benefits to GST registered business at glance are as follows:-
BECOMING MORE COMPETATIVE
You will be more competitive in comparison to your unregistered competitors since you will carry valid tax registration.
EXPAND YOUR BUSINESS ONLINE
You cannot sell products or services on E-commerce platform without GST registration. If you're planning to give a blow on E-commerce platform like Flipkart, Amazon, Paytm, Shopify or through your own website, you must need a GSTIN.
CAN TAKE INPUT TAX CREDIT
Only Registered GST holders can avail input of GST tax paid on their purchases and save the cost.
APPLY GOVERNMENT TENDERS
If a business is FSSAI registered, it will create handsome client base and boost up the business at a larger scale.
OPEN CURRENT BANK ACCOUNT
Especially, in case of sole proprietor business Banks & Financial Institution does not open a current bank account in the name of business trade name unless you carry any government proof in the name of your business. GST registration certificate can help you to open a current bank account.
Dealing with MNC
Generally, MNC’s does not get comfortable to deal with small business entities until they carry valid tax registration proof.
Penalties and Offences for Non-compliance
The Food Safety and Standard Authority of India (FSSAI) takes the matters related to the production and processing of food seriously. There is Section 50 to Section 65 that deals with the offenses under the FSSA 2006. It keeps track of all the necessary requirements that one needs to abide by and follow the compliance policy to avoid being punished. The basic offence is the sale of food without the FSSAI licence for which one can be punished with imprisonment and a penalty of about 5 lakhs. Some of the other offences are:
The sale of substandard quality of food is considered as an offence under the FSSAI regulations and a penalty of 5 lakhs is to be paid.
The sale of misbranded products is punishable with a penalty of 3 lakhs.
The production, processing and storage of food with unhealthy means is punished with a penalty of 1 lakhs.
There is also a penalty of 5 lakhs if the person suffers because of low quality food.
The production, processing and storage of food with unethical means is punished with a penalty of 1 lakhs.
The individual who fails to rectify their mistakes will be faced with shutting down of the business and cancellation of license.
WHY KUNAL IT SERVICES
2 Lakh +
Years of Startup Expertise
Registrations Every Month
LET'S CLEAR THE DOUBTS
Do I have to physically visit ROC office while setting up company ?No. KUNAL IT SERVICES provides complete online Company Incorporation process. All legal documentation with ROC and visits are done by KUNAL IT SERVICES.
Is Private Limited Incorporation to be renewed every year ?No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
What is a DIN ?Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number. DIN is to be mentioned in documents while appointing a person as a director of a company.
What is a DSC ?A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
What is Company name search ? Why it is important for new company registration ?Company name is very important part in registration of company. The company name is divided into 3 Parts: Keyword (brand name like RELIANCE or AMAZON) Activity word(i.e. showing nature of business like Software or Manufacturing of Textile) Business Type word (i.e. Pvt. Ltd. or LLP). For Incorporation of company, the suggested name should not match with existing companies or trademark.
What is MOA & AOA of company ?MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
Can we change office address of the company after Incorporation ?Yes, company office address can be changed anytime after incorporation.
What is capital of the Company ?Capital means investment made by shareholders into the company. Authorized capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issued by the company.
Do we have to deposit Share Capital in a Bank at the time of Incorporation ?No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.
Does my business have to have some level of turnover to start Private Limited ?This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.
Does PF, GST is automatically applicable to Private Limited ?There is no automatic applicability. Provident Fund (PF), GST applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.