Skip to content

Mandatory Registrations for Business

Every startup has to operate under various laws to regulate trade and service in view of tax to be collected from such activities. With the issuance of certificate of incorporation a legal entity is created which is capable of being identified separately from that of the people who promoted the entity. Some of the mandatory registrations based on the nature and location of business is discussed here, However on the basis of actual business transactions additional licenses may be required to be obtained, such licenses are discussed separately, these are
Mandatory Registrations For Business

Table of Contents

Mandatory Registrations for Business

  • Pan Card is mandatory for all business forms
  • Tan number is essential to deposit TDS deducted
  • Shops and Establishment Act is Applicable in most states
  • For doing Sales across states CST is mandatory
  • Trading in Transferable development Rights
  • Service tax is again mandatory on service provided

Our Registration Services includes following

Company is assessed separately from its owners by the income tax department. Pan is an unique identification number allotted by Income Tax Department

Some states like Maharashtra, Karnataka etc has imposed tax on employment as professional tax. Registration and payment of tax is mandatory

The DGFT allots a unique code to persons engaging in the business of foreign trade by way of import or export.

While making payment to third parties tax has to be deducted as TDS at specified rate. TAN number id the unique number of TDS detector

In most of the states it is mandatory and non-compliance results into severe penalty which may lead to registration of a criminal case.

In most of the states it is mandatory and non-compliance results into severe penalty which may lead to registration of a criminal case.

About Setindiabiz

Setindiabiz is an organized team of experienced CA, CS, & Lawyers, duly supported by a pool of trained accountants & paralegal staff that provides quality & affordable compliance services to startups & small businesses in India. The views, statements and recommendations expressed in this article or post are only for the sole objective of providing information, and it does not constitute professional advice or recommendation of the company. Neither the author nor the company or its affiliates accepts any liability for any loss or damage arising from any information in this article or any actions taken in reliance thereon.
Setindiabiz Logo

Leave a Reply

Your email address will not be published.