Registrations
PAN/TAN registration
Permanent Account Number or PAN is a means of identifying various taxpayers in the country. Pan Card is a 10-Character unique identification alphanumeric number (containing both alphabets and numbers) assigned to Indians, mostly to those who pay tax. through this method, all tax-related information for a person is recorded against a single PAN number, which acts as the primary key for the storage of information. This is shared across the country and hence no two people or tax-paying entities can have the same PAN.
https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
TAN, or Tax Deduction and Collection Account Number, is a unique 10-digit alphanumeric identifier issued by the Income Tax Department. It’s primarily used by individuals or entities responsible for deducting or collecting Tax at source (TDS/TCS). As outlined in Section 203A of the Income-tax Act, 1961, any individual or entity tasked with the responsibility of deducting or collecting Tax at source is required to obtain a TAN (Tax Deduction and Collection Account Number). Moreover, this section stipulates that the TAN Number be incorporated in multiple documents.
HVJ has carved an exclusive name for itself in the market, rendering years of valuable services in the field of e-Governance, helping in revolutionizing the basic procedures, operations and smoothening things to the maximum possible extent for the citizens of India.
GST registration
Goods and Service Tax (GST) is a destination-based tax on consumption of goods and services. It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
Businesses above the threshold limit of ₹40 Lakhs for goods and ₹20 Lakhs for services are required to register under GST mandatorily. The turnover is ₹20 Lakhs for goods and ₹10 Lakhs for services for businesses that are present in hill states and North-Eastern states. The GST registration process is completed within 6 working days. After completing the GST registration process, the Central Government provides a Goods and Service Tax Identification Number (GSTIN). The unique 15-digit GSTIN is used to determine whether a business is liable to pay GST.
We offer a hassle-free online GST registration process, with complete guidance from our experienced legal representatives.
Contact our experts today to streamline your GST registration process!.
India Entry Services
Setting up a business in India as an expat can be a complex and challenging process. With its diverse culture and maze of regulations, it is crucial to have the right guidance and support to establish a successful subsidiary in India.
For over two decades, HVJ & Associates has been providing specialised services to clients from outside India who want to set up their subsidiaries in the country. We understand the importance of establishing the right structure and corporate governance to build trust and ensure a smooth transition into the Indian market.
Our comprehensive services are delivered in three stages:
- Incorporation and set-up services: This includes the incorporation of the legal entity, advice on choosing bankers, and the integration of software for accounting, payroll, HR, and reporting. We also spend time educating clients about India to help them understand the local market.
- Regulatory compliance: We provide support in navigating regulations such as GST, labour laws, tax regulations, and transfer pricing. We guide clients through each stage of the process to ensure full compliance.
- Director nominee services: In case a client needs a local director, we offer nominee services where the director has no role or power but only acts as an Indian resident director.
Our services also include establishing the salary tax structure, creating HR manuals, work manuals, Prevention of Sexual Harassment policies, insurance, legal documents such as rental agreements, authorisations, and appointment contracts, among others. At HVJ & Associates, we strive to be a one- stop shop for our clients, ensuring a smooth entry and successful establishment of their business in India.
Startup India
Startup India, a flagship initiative of the Indian Government, aims to foster innovation and entrepreneurship by providing a platform for aspiring entrepreneurs to realize their dreams, create jobs, drive economic growth, and access government resources, guidance, and support. The present article provides a detailed overview of the Startup India Registration process.
Startup India is an endeavour of the Indian Government to promote and nurture the growth of startups in the country. The ultimate goal of Startup India is to make India one of the most vibrant startup ecosystems worldwide. By registering with the Startup India program, startups can enjoy numerous benefits, including tax exemptions, financial assistance, and access to incubators.
The scheme, introduced in 2016, has been instrumental in building a robust startup ecosystem in India, encouraging innovation, and creating job opportunities. Under the Startup India scheme, the Government has taken several vital steps to support and uplift startups, fostering an environment where entrepreneurs can thrive. The Department for Industrial Policy and Promotion (DPIIT) plays a crucial role in managing the programs and initiatives of the Startup India Scheme.
With our expertise and in-depth knowledge of the regulatory landscape, HVJ simplifies the complex process of obtaining startup India recognition.
By choosing HVJ, startups can navigate the bureaucratic hurdles seamlessly, allowing them to focus on their core business activities while reaping the benefits and incentives offered under the Startup India program.
Shops & Establishment
Registration under the Shop and Establishment Act is mandatory for most businesses. Since this is the first step towards the promising business world.
Shop and Establishment Act is under state legislation, and each state has framed its own rules and regulations for the same. Since the state government frames rules, obviously, rules will differ from state to state. Hence rules for the state in which registration is to be obtained need to be followed.
Broadly, all shops, hotels, eating houses, restaurants, theatres, places of public amusement or establishment and other commercial establishments, etc. are under the Shop and Establishment Act. They have to obtain registration under the same.
The establishment covered under the Act must apply for registration, within 30 days from the date of commencement of establishment, in the prescribed form along with prescribed fees. The labour department of the state governs the Shops and Establishment Act. The shop or the establishment submits the application of the registration to the local district labour officer. After the satisfaction of the application, the concerned officer will issue the Shop and Establishment Act registration certificate.
If you need further assistance with your concern, please don’t hesitate to contact HVJ & Associates.
https://www.ekarmika.karnataka.gov.in/ekarmika/static/home.aspx
MSME
The Ministry of MSME introduced the Udyam Registration Portal with an aim to encourage digitization in India and simplify the processes. This tech system is built to assist small and medium businesses by empowering their growth and providing necessary support. In India, the Ministry of MSMEs issues the Udyam Registration Certificate, also known as the MSME Registration Certificate. This certification is necessary for seeking legal or operational efficiency for small and medium-sized businesses. It is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.
All manufacturing, service industries, wholesale, and retail trade that fulfil the revised MSME classification criteria of annual turnover and investment can apply for MSME registration. Thus, the MSME registration eligibility depends on an entity’s annual turnover and investment.
HVJ is your trusted partner when it comes to simplifying the Udyam Registration process. Our dedicated team of experts is well-versed in the intricacies of MSME registration and can help your business secure its Udyam Registration swiftly and seamlessly.
https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm
FSSAI
FSSAI stands for Food Safety and Standard Authority of India which is responsible for framing rules & regulations regarding the food business. Before starting any business, it is mandatory to obtain FSSAI license before start of business.
FSSAI License or FSSAI Registration is required to be obtained by every food business operator irrespective of turnover in a financial year. Food business operator includes manufacturer, re-packer, wholesaler, retailer, trader, supplier, transporters, importers & exporters etc.
We can help you obtain an FSSAI license throughout the country very quickly. We also help to get FSSAI registration. Our experts will guide you in selecting the proper food category and license.
Import export code
The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. IEC Number is granted by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce.
Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organizations dealing with import and exports of goods can register for import-export code, irrespective of the size. However, an IEC is not required for import/export of goods for personal use, which are not connected with trade, manufacture, or agriculture. There is no need for a business set up.
HVJ is here to simplify the process for you. Our comprehensive IEC registration services make it easier than ever to obtain the essential IEC certificate, ensuring that you’re well-prepared to explore the global trade landscape.
PF & ESI:
PF:
All establishments that have employed 20 or more than 20 employees can apply for PF registration in India. In some cases, subject to the circumstances and the exemption establishments employing less than 20 are still eligible for PF registration. The Employee gets an amount that includes the self and employer’s contribution with interest on retirement or resignation.
Before paying the Salary to the employees the employer must deduct the employee’s contribution from his wages. Later, the employee portion and the employer’s share will be payable to the EPFO within 15 days of the close of every month.
The EPF stands tall in terms of returns from a debt instrument. The money is sovereign backed and the interest earned is tax-free. The PF enjoys EEE (exempt, exempt, exempt) status as contributions are deductible from the income. Hardly any debt instruments provide such high returns with safety and assurance. Hence, it is better to transfer the PF account at the time of switching jobs and also avoid the temptation to withdraw the money.
https://unifiedportal-emp.epfindia.gov.in/epfo/
ESI:
The employee state insurance (ESI) is managed and regulated by the Employee State Insurance Corporation which is an autonomous body under the Ministry of Labour and Employment, Government of India. The ESI scheme was started for the Indian Employees that provided monetary, medical, and other benefits from the employer to the employee.
Currently any factor or employment or any establishment that has employed over 10 employees with a minimum salary of Rs. 15,000 has to mandatorily register itself with the ESIC.
HVJ continues to be the preferred choice for PF/ESI registration due to its unmatched expertise and comprehensive services. With its up-to-date knowledge and streamlined processes, HVJ ensures a seamless experience for businesses looking for pf online apply.
https://www.esic.in/EmployerPortal/ESICInsurancePortal/Portal_Loginnew.aspx
STPI & Non-STPI registration
Software Technology Park of India (STPI), an autonomous society under the Ministry of Communication and Information Technology, Dept. of Electronics and Information Technology, Govt. of India has been set up with a distinct focus to boost up Software export from the country. STPI is constantly working with an objective to implement STP/EHTP scheme formulated by Govt. of India, to set up and manage infrastructural facilities.
WHY NON STPI IS REQUIRED? WHAT IS THE RATIONAL BEYOND SOFTEX FORM?
When physical goods are exported, they pass through the Customs Office. Whereas when the Software is exported, it goes through media or internet (data communication links). So, in order to track the export of software, Reserve Bank of India (RBI) announced the issue and submission of SOFTEX forms. STPI is the administrative authority for software export valuation and certification of SOFTEX form, in place of Customs. As per RBI circular dated 13th September 2013, the exporters of software will have to declare all the export transactions in SOFTEX, including those less than US$25000. This means, all companies exporting software, irrespective of the value, have to register as Non STPI unit, file SOFTEX forms.
WHAT IS STP AND WHAT ARE THE ADVANTAGES OF BECOMING A STP UNIT?
The Software Technology Park (STP) scheme is a 100% export-oriented scheme for the development and export of computer software using data communication links or in the form of physical media including the export of professional services. The major attraction of this scheme is a single point contact service to the STP units. All the imports of Hardware & Software in the STP units are completely duty free. Import of second-hand capital goods is also permitted.