PAN card of firm – Partners need to apply for PAN of the firm.

Address Proof of firm – If the registered office place is rented, rent agreement and one utility bill (electricity bill, water bill, property tax bill, gas receipt etc.) have to be submitted. Also, NOC from landlord will be submitted.

GST Registration

Current Bank Account

Partnership deed

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With respect to the export of scheduled products, APEDA registration is mandatory.

Exporters can avail the various financial assistance schemes of APEDA.

It helps the exporters in brand publicity through advertisement, packaging development, database up-gradation and surveys etc.

Provides guidelines to exporters about the various products and countries for export

Registered members can participate in training programs organized by APEDA for various scheduled products and thereby improve their business.

Establishing an Organisation

1. To start the export business, first a sole Proprietary concern/ Partnership firm/Company has to be set up as per procedure.

GST Registration

1. For Export you are require to register with GST Department and Get GST Certificate for doing Export of Product or Services

Opening a Bank Account

1. A current account with a Bank authorized to deal in Foreign Exchange should be opened.

Permanent Account Number (PAN)

1. It is necessary for every exporter and importer to obtain a PAN from the Income Tax Department.

Obtaining Importer-Exporter Code (IEC) Number

1. It is mandatory to obtain IEC for export/import from India.

 Registration cum membership certificate (RCMC)

1. For availing authorization to import/ export or any other benefit or concession under FTP 2015-20, as also to avail the services/ guidance, exporters are required to obtain RCMC granted by the concerned Export Promotion Councils/ FIEO/Commodity Boards/ Authorities.

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Company

1. IEC or Import-Export Code is a 10-digit code that an entity or a person requires to export/import the goods/services. The authority of issuance of this code is granted to the DGFT (Director General of Foreign Trade), Ministry of Commerce and Industries, Government of India. The code is valid for a lifetime and there is no need to renew it again and again. Generation of code takes 1-2 working days, once the documents are received.

IEC code can be called many names, like importer exporter code, import-export code, import-export license, import-export number, IE code, IE license, etc. An applicant can either issue this code under his name or the company’s name. After it is issued, it is valid for all your company’s branches/division/units/factories.

It is advisable for you to get membership of applicable export promotion council – EPC having jurisdiction over the commodity you are dealing in.

Legally recognized as supplier of goods or services. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. Getting eligible to avail various other benefits and privileges rendered under the GST laws.

GST Registration is mandatory for-

Any business involved in the supply of goods whose turnover in a financial year exceeds Rs.40 lakhs for Normal Category states (Rs.20 lakhs for Special Category states)

Any business involved in the supply of services whose turnover in a financial year exceeds Rs.20 lakhs for Normal Category states (Rs.10 lakhs for Special Category states)

Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.)  needs to register under GST, too.

When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.

A person making inter-state supplies

Casual taxable person

Non-Resident taxable person

Agents of a supplier

Those paying tax under the reverse charge mechanism

Input service distributor (see below)

E-commerce Operator

Visit the portal and fill with Part- A Form GST REG-01 of GST Registration.

You will get a temporary reference number on your number and OTP verification.

After that need to fill PART-B of Form GST REG-01.

A confirmation will be generated in Form GST REG-02

In case of any information is pending from your side. It will be required from you by suggesting you in Form GST REG-03. for this, you may be required to visit the office and define or give the documents within 7 working days in Form GST REG-04.

The office may also decline your application if they find any mistakes. You will be up-to-date about this in Form GST REG-05.

At last, a certificate of registration in Finally, a certificate of registration will be allotted to you by the department after verification and approval in Form GST REG-06.

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GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability if you do not have sufficient input tax credit in your tax credit ledgers​

Under the GST regime, a regular business needs to file two monthly returns and one annual return. It means the entire business owner and dealers who have incorporated under GST must file for GST Returns as per their business nature.

When single person runs a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor. Proprietorship is the most common form of the business which is used in India. You can start and operate the business with minimum regulatory compliance. However, there is no full-fledged way available to register your proprietorship by Indian Government. Tax registration and other business registration’s is the right way to show existence of your proprietary business.

Traditionally, proprietorship is the preferred way of setting up a small-scale business for most of the businessmen. The main features of this business type clearly identify it from the other types.

Proprietorship requires one person and is basically a one man show.

The business is owned by a single person.

Due to the involvement of a single person and minimum legal compliance, it is much easier to start and dissolve the firm.

Tax-related and other legal compliance are minimal.

A sole proprietorship structure can be used by a service provider, a manufacturer as well by a trader or a merchant.

Aadhaar Card, PAN Card, and a photograph of the sole proprietor

Office address proof:

Own office – Copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata

Rented office – Rent agreement and NOC (No objection certificate) from the owner.

Details of Bank account- Bank statement or a cancelled cheque required after GST registration for update in GST

Registering a company in India is now a simple 4-step process. Here is what you’ll need to acquire:

1. A Digital Signature Certificate (DSC) ii. A Director Identification Number (DIN) iii. Registration on the MCA Portal or New user registration iv. Certificate of Incorporation

With this, we have covered the basics of how to register a company. If you still need help registering your company, don’t stress over it, and let our team of experts guide you.

Recently introduced in the year 2013, an OPC is the best way to start a company if there exists only one promoter or owner. It enables a sole-proprietor to carry on his work and still be part of the corporate framework.

A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

It is mandatory to file income tax returns (ITR) in India if any of the conditions mentioned below are applicable to you:

1. 1. If your gross annual income is more than-Particulars Amount For individuals below 60 years Rs 2.5 Lakh For individuals above 60 years but below 80 years Rs 3.0 Lakh For individuals above 80 years Rs 5.0 Lakh
2. If you have more than one source of income like house property, capital gains etc.
3. If you want to claim an income tax refund from the department.
4. If you have earned from or have invested in foreign assets during the FY.
5. If you wish to apply for visa or a loan
6. If the taxpayer is a company or a firm, irrespective of profit or loss.

Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 till date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category the taxpayer belongs to like individuals, HUF, company, etc.

All corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns).

The documents required for IEC Code Registration:
• Copy of PAN card firm/company
• KYC Documents of Owner/Partners/Directors
• Cancelled cheque of firm
• GST Certificate

• Certificate of incorporation (in case of a company)
• AOA and MOA (In case of a company

The full form of MSME is “Ministry of Micro, Small and Medium Enterprises” and it falls under section 7 of the Micro, Small and Medium Enterprises Development Act of 2006.