Registration Requirements & Procedures for Sole Proprietorship

A sole proprietorship is a business that belongs to a person who single handedly goes into the business. It is a very common kind of business in India as sole proprietorship businesses of a wide range can be easily found here. In order to run a sole proprietorship, one is not required to register with any government agency. Also, sole proprietors and their business have no separate identity independent of each another. This brings in to the market the personal assets of the sole proprietor in case of debt.

Although this type of business doesn’t need any registration with Government, there are some legal formalities and business licences that are to be acquired in order to set up a Sole proprietor business. This can be quite a tedious task for many as these processes are purely legal ones that require a lot of paper work. The process are listed below.

Name Availability
DBA Registration
EIN, and many others.

Apart from these in order to do any kind of business in India, one has to acquire various business specific licences from various authorities.

For example a PAN Card is mandatory for various reasons like filing income tax return.
TAN [Tax Collection & Deduction Account Number ] is required if you are collecting tax either from the customers or your employees.
One is also required to acquire Service Tax Registration when the total turnover of the business crosses 9 lacs. It is a very essential part of commencing a business and is also very mind numbing for some.

VAT or Value Added Tax Registration is required in cases where taxable goods are brought or sold within a state. However, if you are buying or selling taxable good across different states then it is mandatory for you to obtain CST registration. VAT rules vary from state to state.

In many states, a sole proprietor is also required to posses a Shops & Establishment License
Importer Exporter Code is another document which is issued by Director General of Foreign Trade [DGFT] , Ministry of Commerce, Government of India to Indian to Companies and sole proprietors who are into international business.
Apart from these Employee Provident Fund Registration and ESI (Employee State Insurance) Registration are also asked in many cases.

All this acquiring of permissions and licenses can prove to be a long and tiring process. A lot of business enthusiasts are thus repelled by this aspect of business building. In order to extent a helping hand to such business aspirants, eFilingportal.in has come up with the excellent plan of providing such services to the customers at their door step.

The eFilingportal.in has in this manner revolutionised the business building process in India, by making it extremely easy.
If you wish to gain further information, contact us at www.eFilingportal.in without any delay.

For more information please visit here: sole proprietorship registration

Service Tax Registration now easier, quicker and economic than ever.

Today a lot of new kinds of businesses are coming up, be it marketplace of  e-commerce business or apps based business or classified websites or others. However, a lot of them are now aware about the requirement, procedure and legalities of Service Tax Registration in India. In India, Service tax registration is a Central Tax Registration which is applicable on service based businesses. In this article we guide you on the easiest way you can apply for Service Tax Registration in India.

Service tax is an indirect tax which is levied on a wide array of services that are specified by the Central Government under the Finance Act, 1994. The service provider is to pay the tax and recover the amount from the customers. In order to pay this tax, the service provider must be registered with the Central Government if the preceding fiscal year's turnover is over Rs. 9 lakh. The Service Tax Rate now is 14%, which previous was 12.36%.
   
Service tax registration Certificate is a mandatory to be obtained for service providers who provided taxable service exceeding Rs.9 lakhs, in the previous financial year. On the commencement of a new business, a person is required to obtain service tax registration within 30 days of commencement, if the business will have taxable service in excess of Rs.9 lakhs.

Obtain service tax registration can be a tedious task as it involves lots of paper work and lots of legal formalities to be performed. In order to obtain Service tax registration one requires a copy of PAN Card, proof of address of business and one business place address proof [Partnership deed, Incorporation Certificate, etc. will do.]  Service tax registration certificate is issued by the Government within a period of seven days from the date of submission of application ST-1 along with all the relevant documents.

A lot of new entrepreneurs might find the system of obtaining certificates and registrations quite intimidating. For this reason eFilingportal.in has come up with its unique service of catering to your needs at your own doorstep. eFilingportal.in provides you with the best professional assistance from all over India. With the portal you get quality service with the facility of secure and transparent payments and security of client information

So in order to get your service tax registered in an easy, quick and stress free manner, log on to www.eFilingportal.in now!

This article is about service tax registartion and online service tax registration for more information please visit our website: https://www.efilingportal.in

Good News for Bengaluru Entrepreneurs! eFilingportal.in brings to you a cakewalk Service Tax Registration Process

To the relief of all the Bengaluru based entrepreneurs, the eFilingportal.in has now launched its services in the silicon valley of India. With this step the portal is aiming at changing the business scenario which includes dull and mentally exhausting paperwork which appals a huge number of potential entrepreneurs who dream of setting up their own company and stepping into the world of business.

The portal, since a long time, has been dedicatedly working towards making various practices associated with businesses a lot more smoother.

At eFilingportal.in one can avail assistance for all the stages of business right from setting it up to running and managing it. The portal runs on an effective system which is designed to make business processes simple, stress free, time efficient and affordable . Keeping in mind all such problems that existing and upcoming businessmen of Bengaluru face, eFilingportal.in has come up with the solution that helps in registering for Service Tax quite easily and quickly.

Businessmen based in Bengaluru, running any kind of business can obtain his/her Service Tax Registration Certificate with great ease and comfort from the comfort of their houses. With this revolutionary step in the world of business legalities, ambitious businessmen will no longer need to get into complicated paper work, mind numbing and twisted legal formalities. The services from eFilingportal.in will be leaving time for you to concentrate on your business. All you need to do is to provide the required details and documents to the portal and relax. The rest of the process will be taken care of by the portal.

Another aspect of the portal which makes it extremely special is that in order to make sure that the users have a good experience, the portal maintains a user-friendly website, which explains the procedure to be followed in both written form and through a video. eFilingportal.in understands the value of money and time and this is why the portal strives to be time efficient. The portal also ensures security of the personal information that the user provides.

Another good news for the users is, that the portal not only provides services of Service Tax registration. Along with applying for Service Tax Registration, the portal also provides services like Company Registration, TIN, VAT and CST Registration, Import Export Code Registration etc.

In order to avail the services or for any business related query, you are always welcome to log in to www.eFilingportal.in

This article is about service tax registartion and online service tax registration for more information please visit our website: https://www.efilingportal.in

Service Tax Registration

Today it can be seen that the Indian economic scenario is developing at a never before pace. It is incredible how the physical markets have now found their new counterparts in the virtual world. This dynamic and challenging business age of present India is attracting lot of young citizens towards itself. However, the most appalling of all business formalities, the legal work, remains inevitable for the entrepreneurs.

Also, a lot of entrepreneurs are not even aware of their duties and rights, one of which is obtaining service tax registration. This is the reason eFilingportal is bringing to you all the required information and assistance for obtaining Service Tax Registration.

Service Tax is a tax that is imposed by the Government of India on various kinds of services provided in India. The service provider is the one who collects the tax and pays the same to the government. It is an indirect tax levied on services specified by the Central Government under the Finance Act, 1994.

Almost all services that are provided in India are taxable and service tax registration is mandatory for all those service providers in India who have taxable service of value exceeding Rs.9 lakhs, in the previous financial year. Any service provider who has provided taxable service of value exceeding Rs.9 lakhs in the preceding financial year has to apply for obtaining service tax registration certificate. In case of a startup, a person is required to obtain service tax registration within 30 days of commencement, if the business will have taxable services that exceed Rs.9 lakhs.

In order to file for obtaining the certificate, one has to fill Form ST-1 and attach the required documents with it. Certain documents are required in the process of obtaining service tax registration. These documents are:

• Copy of PAN Card
• Proof of address of the business for example Partnership deed, Incorporation Certificate,etc,.

Under normal circumstances, Service tax registration certificate is issued by the Government within a period of seven days from the date of submission of application ST-1 along with all the relevant documents. In case the registration certificate is not issued within seven days, the registration applied for is deemed to have been granted.
Also, it is important to note that in case of failure of obtaining registration certificate, a penalty of upto Rs.10,000/-, 5000/- or Rs.200/- for every day during which the failure continues, whichever is higher, can be levied.

For detailed information on service tax registration and filing for obtaining your certificate without getting into any fuss, log on to www.eFilingportal.in

This article is about service tax registartion and online service tax registration for more information please visit our website: https://www.efilingportal.in

Problems in Service Tax Registration? Here is the all in one solution

It can often be seen that the dull and mentally exhausting paperwork associated with businesses prove to be a hindrance for a large number of potential entrepreneurs who dream of setting up their own company and stepping into the world of business. Understanding the problems that our future business leaders face, eFilingportal.in has come up with the solution that helps in registering for Service Tax quite easily. The portal is dedicated towards serving aspiring and existing entrepreneurs and making their business practice smoother.
Through the portal one can avail assistance in all stages right from setting up the dream business to running and managing it. The portal runs on an effective system which is designed to make your business process an easy, stress free, and an affordable one.

From now on any entrepreneur, running any kind of business can obtain his/her Service Tax Registration Certificate from the ease of home. This will enable you to avoid all the complicated paper work, mind numbing and twisted legal formalities, leaving time for you to concentrate on your business. All you need to do is provide the required details and documents to the portal and relax. The rest of the process will be taken care of by the portal.

In order to make sure that you have a good experience, the portal maintains a user-friendly website, which explains the procedure to be followed in both written form and through a video. We at eFilingportal.in understand the value of your money and time. This is why we strive to be time efficient. The portal also ensures security of the personal information that the user provides.

Along with applying for Service Tax Registration, the portal also provides services like Company Registration, TIN, VAT and CST Registration, Import Export Code Registration etc.
All the existing and upcoming members of the dynamic business world can get their legal formalities performed through eFilingportal.in to ensure safely, efficiency and a cost effective service without being forced to waste their time and energy.

So log on to www.eFilingportal.in without any delay and get the best of our services.

This article is about service tax registartion and online service tax registration for more information please visit our website: https://www.efilingportal.in

FAQs for service tax registration

Filing Portal facilitates the assesses to register their Businesses in respect of their Taxable Services rendered with the Service Tax Department, guide the assesses throughout process, prepare your Service Application and obtain your signature in the format along with the necessary supporting documents so that you can dispatch the complete set of documents to the concerned ST Department.

What is deemed Registration of Service Tax?

If your Service Tax Registration (Form ST-2) has not been issued by the Service Tax Department with in the 7 days of filing our application (Form ST-1) along with all documents required, then the Service Tax Registration is automatically deemed to be granted.
So, you need not to be worry if your ST-2 has not been issued within the stipulated time, then you can use your ST Application Number (which is mentioned on your ST Application Acknowledgement) as your Service Tax Number and can start charging ST on your Invoices.

Is it compulsory to send the physical copies of documents to the department for Service Tax Registration?

Yes, you are liable to send the physical self-attested copies of the documents to your particular Service Tax Department so as to validate your ST Application (ST-1). If you failed to do so, then your ST Application/ Registration may stands void and invalid. So, you should never ignore the dispatching of your physical self-attested copies of the documents to ST department on time.

NO Service Tax on Services rendered outside INDIA-

Are you exporting the services?  If yes, then you are not liable to charge/ pay Service Tax. But you have to get registered with the Service Tax Department to claim the exemption for the same. You have to intimate the department your Export Service Value via filing a compulsory half-yearly Return.

Is it compulsory to file Service Tax Return even if I have not charged Service Tax (Nil Return) or my turnover is less than 9 lacs?

Yes, you are liable to file the Nil Return once you get registered with the ST Department. You have to intimate the department your NON-Taxable Service Value via filing a compulsory half-yearly Return.
So, you should always file the ST Returns on time to avoid attraction of any penalties and late fees.

Contact Us

eFiling Portal
509, Sector – 27, Gurgaon, Haryana, 122009 India
Contact Number : 9-555-247-000 , 888-2-247-000
Email : info@efilingportal.in

This article is about service tax registartion and online service tax registration for more information please visit our website: https://www.efilingportal.in

Service Tax: Mistakes usually committed

Entrepreneurs regularly file their service tax and start-ups businessmen generally register for service tax. This sight is common but the knowledge of blunders that are committed frequently is not prevalent. Incorrect or late filing of service tax compliance can possibly lead to fines and penalties. In this article, we look at common service tax errors that can be avoid.

Delay in Service Tax Payment.

It is the responsibility of the business or the entrepreneur to submit the service tax collection of every month or every quarter to the concerned governmental authority. Failure to do so within the stipulated time may possibly result in building up of interest and penalties. In addition to it under the Finance Act which was launched lately, certain modifications have been made to the penalties on late payment of service tax payments to make the process an unbiased one. Therefore, it is essential that one makes service tax payments on time, following the proper channel to avoid penalties.

 Late Filing of Service Tax Return or not filing the return at all.

Disobedience of the norms of service tax return filing is most commonly committed mistakes. Individuals and firms already with possession of the service tax registration have to file the service tax return on 25th April and 25th October of every year. Rs.500 is charged as fine for the delay of upto 15 days. Further rs.1000 penalty is charged if there is a delay of upto 30 days and Rs.100 is added everyday to Rs. 1000 for delay of more than 30 days.

In case one does not file the service tax return at all, fine can reach up to a whooping Rs.20, 000.

Claiming the rewards/ advantages of Service Tax Exemptions erroneously

Service providers who provide taxable services that do not exceed Rs.10 lakhs in a year do not need to pay service tax. However, if the service provider starts paying the tax prior to crossing the Rs.10 lakhs service tax exemption boundary, he/she becomes predisposed to pay the tax starting from that very point. Thus it becomes important for all the startups and small scale service providers to have information about the regulations and claim for the correct service tax exemption.

Filing the service tax return under wrong category

Under the Service tax rules, the entrepreneurs/ business responsible has to file service tax return for all the categories service is provided in. Along with this, it is also important that all the activities performed are mentioned in the service tax registration by the assessee. In case an incorrect service tax registration is done or return is filed wrongly, some of the benefits available as abatement or exemption may be denied. This penalty makes it extremely important for the assessee to obtain service tax registration and file service tax return correctly.

Contact Us

eFiling Portal
509, Sector – 27, Gurgaon, Haryana, 122009 India
Contact Number : 9-555-247-000 , 888-2-247-000
Email : info@efilingportal.in

This article is about service tax registartion and online service tax registration Bangalore for more information please visit our website: https://www.efilingportal.in