GST REGISTRATION
Overview
What is GST?
Goods and Services Tax (GST) is a unified indirect tax levied on the supply of goods and services. It is a destination-based, multi-stage tax system designed to eliminate the cascading effect of multiple indirect taxes previously imposed by the central and state governments.
Key Features of GST
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Comprehensive: Replaces multiple taxes like VAT, excise duty, and service tax.
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Multi-stage: Applied at every step in the supply chain.
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Value-Added Tax: Only the value added at each stage is taxed.
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Input Tax Credit: Businesses can claim credit for tax paid on inputs.
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Digital Compliance: GST returns and payments are processed online.
Overview
What is Income Tax?
Income Tax is a direct tax imposed by the Government of India on the income earned by individuals, businesses, and other entities. It is governed by the Income Tax Act, 1961, and administered by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.
Who Has to Pay Income Tax?
Income tax is applicable to:
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Individuals (salaried, professionals, freelancers)
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HUFs (Hindu Undivided Families)
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Firms and LLPs
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Companies (Private & Public)
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Trusts, AOPs, BOIs
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Non-resident Indians (NRIs) (based on income earned in India)
INCOM TAX
PVT. LTD, LLP REGISTRATIONS
What is a Pvt. Ltd. Company?
A Private Limited Company is a popular business structure under the Companies Act, 2013, ideal for startups, SMEs, and businesses seeking funding.
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Separate legal entity
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Limited liability protection
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Easy to raise investment
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Perpetual succession
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Minimum 2 and maximum 200 shareholders
📋 Requirements:
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Minimum 2 Directors (at least one Indian resident)
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Minimum 2 Shareholders
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Registered office address in India
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DSC (Digital Signature) & DIN (Director Identification Number)
📄 Documents Needed:
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PAN & Aadhaar of directors/shareholders
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Address proof (bank statement, utility bill)
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Passport (if NRI/foreign national)
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Registered office proof (rent agreement + utility bill)