Company Registration in Chennai

GST Filing Process Online in Bangalore The GST which has subsumed various taxes and stood as one single head has changed the way business used to be conducted. There was a time when multiple tax authorities like Central Excise and State VAT had been regulating businesses but now the GST is the only authority that regulates all the aspects of your business. There are many ways in which you can file your GST returns online . The process is extremely simple and the taxpayer just needs to login to the portal where a 15 digit identification number will be allotted to him. From here the taxpayer can upload all invoices which he has issued on his business. Once the invoices are uploaded then a draft return will be available for filing. The taxpayer can easily download this return for future use. Using this return, the taxpayer can calculate his liabilities in a very easy manner. This will help him in making informed decisions which are better for his business. GSTR...

Who Are Eligible For GST Registration In order to register for GST, a person must have a valid Tax Deduction and Collection Account Number (TAN) issued by the Income Tax Department. This number is also known as the Goods and Services Tax Identification Number or GSTIN. People who have an active TAN can obtain their GSTIN online. The registration process is quick and simple, and it requires basic information like the name, address, and phone number of the applicant. Once the application is submitted, a temporary reference number will be sent to the email or phone number provided. This number must be used to log in to the GST website and submit returns. People who supply goods or services to multiple states are required to get registered for GST, regardless of their annual turnover. This includes manufacturers, service providers, and individuals who sell their products or services to the public. Companies that supply goods to customers outside of the country must also re...

What Are the Compliance Required for OPC Private Limited Company One Person Company (OPC) is a type of company registered under the Companies Act, 2013 for conducting business activities. OPCs are required to comply with the requisite annual compliances, like filing forms and returns with the Ministry of Corporate Affairs, and getting their financial statements audited by a statutory auditor. Failure to file these complaints leads to hefty penalties and fines for the company. The annual compliances for an One Person Company include filing different forms and returns with MCA, conducting board meetings, and conducting a statutory auditor's audit of the financial statement of the company. A statutory auditor has to be appointed by the OPC within 30 days of its incorporation. The company is also required to circulate the Audited Financial Statements and other documents to all the Members. Apart from this, the company is required to file FORM AOC-4 with the  ...

What are the procedures for formation of LLP in India A LLP is an efficient business structure and has less compliance requirements. It is a separate legal entity and continues even after death, bankruptcy, insanity or change in partners. It can have up to 50 designated partners and there is no minimum capital requirement. Unlike the traditional partnership firm, LLP's are taxed separately and have a perpetual succession. It also provides protection against personal liability of the partners. Name Reservation: In order to reserve the name of the proposed Limited Liability Partnership , one needs to file a web form named RUN-LLP on the MCA portal. This is an easy and simple process wherein you can submit a maximum of 2 names with their significance. The names are verified and approved by the concerned state RoC, and on approval the name is reserved for a period of 90 days. Filing of LLP Agreement: After successful incorporation, you need to submit the LLP ag...

Why is IT Filing Mandatory in India The Income Tax Department is the central government body in charge of monitoring the collection of taxes. This includes both Voluntary payments like Advance tax and Self-assessed tax as well as Taxes Deducted at Source (TDS), which is deducted from your monthly salary before you receive it. This income is collected to pay off state and central government employees, as well as to meet the country's various infrastructural expenditures. Whether you're an individual or a company, you must file your taxes if your income exceeds the basic exemption limit set by the government. You must also file if you have taxable investments that require TDS, or you're planning to claim any tax deductions or rebates. Regardless of how much or how little you earn, e-filing  your taxes is essential to avoid fines and other penalties. With a new and improved Income Tax portal , filing taxes has become more accessible and convenient than ever...

How to Incorporate a New Limited Liability Partnership Registration India In India, businesses operate as companies, sole proprietorships or partnerships. LLPs have bridged this gap by offering the benefits of both the partnership and company structure. This is especially helpful for firms providing professional services. It also offers tax benefits and the ease of transferring ownership. Moreover, it provides more flexibility to the owners and helps in attracting foreign investments. The first step is to acquire a digital signature certificate for the designated partners of the proposed Limited Liability Partnership . This is because all documents filed online require digital signatures. You can obtain these from government recognized certifying agencies. The cost of acquiring a DSC varies depending on the certifying agency. Next, all the designated partners need to apply for a Director Identification Number (DIN) for themselves. This can be done using Form DI...

What Are the Documents Required for Company Registration in India? When you are planning to establish your own business and form a private limited company, there are certain essential documents that you need to have ready before commencing the process. It is imperative to gather the documents as soon as possible in order to expedite the process and ensure smooth sailing throughout. Some of the necessary documentation includes: Proof of Identity The identity and address proof that is required to be submitted for  company registration  can be in the form of a valid passport, driving license, Aadhaar card or voter id card. The address proof must contain the name of the owner as well as the current location of the address. In case the company will be located in a commercial property, then it is essential to get an NOC or No Objection Certificate from the property owner. Proof of Address A self-attested copy of PAN Card (Permanent Account Number) of the proposed Director...

How to Register Private Limited Company Online in India Pvt Ltd company registration is one of the best ways to start your business in India. It gives you the legal structure of a separate entity which will protect your personal assets from any liability in case the company gets into financial trouble. This also makes it easier for you to raise funds through public platforms. The process of registering your private limited company is not as complex and tedious as it sounds, especially with the help of an experienced professional like FilingPoint.com by your side. We will guide you through all the necessary documents required for company registration and ensure that everything is in order before filing the form with MCA.  Once your application is accepted, the registrar will allot your Corporate Identity Number (CIN) which will give you a distinct identity and make it easy to track your company status. The first step in the company formation is to book a name f...

How to ROC Annual Filing of Company in India ROC (Registrar of Companies) filing is one of the most important compliances for any company in India. It requires a thorough understanding of the laws and rules to ensure that all the forms and documents are filed within the due date. Failure to file the ROC Forms can lead to severe penalties. To avoid such penalties, it is recommended that companies must appoint professionals to take care of all the filings and compliances on their behalf. How to ROC Annual Filing of Company in India The Ministry of Corporate Affairs or the Registrar of Companies is the regulatory body that maintains all records and reports about companies registered with them. These records are made public to anyone who wishes to access them for a fee. To comply with the ROC regulations, it is essential for all registered companies to submit their ROC forms annually. This helps to maintain accurate and updated information about the company an...