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5/1/2018 How to Register Sole Proprietorship Firm in India
Sole Proprietorship Need Minimum 1 Person for the Registration. The person called
sole proprietor. a sole proprietor is the owner of the business. Sole Proprietor can be
hired also someone to running their business as the employee but can'nt authorised
signatory for the legal documents signing purpose.
Sole Proprietorship Firm consist a lot of things required different type of the
registration like GST Registration | MSME Registration | Chartered Accountant
Certification | Gumasta License or Shop Act license etc so as per government of India
rules there is no proper business registration for sole proprietorship firm. Let's
understand below in the simplified manner -
Main Objective - Opening a current bank account on the Firm Name or Business
Name which is required the minimum 2 license or any 2 legal document on the Firm
Name as per the RBI Compliance -
1
Local License Registration as Sole
Propreitorship Firm
Local license are issued by the local or area govt or central government of the same. In
the local license there are lot of the type of the license are included like shop act
license or MSME Registration or CA Certification or Income Tax Return etc. so you
have to required only the minimum 2 anyone below certification or license to open a
bank account -
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5/1/2018 How to Register Sole Proprietorship Firm in India
c) Shop act License or Gumasta License - Shop act license or gumasta license are
issued by the municipal party in the same area. its is requried the commercial shop or
office where you want to start the business. Its issued on the number of the employees
and on renewal basis for the same.
d) Business ITR - business income tax returns are consist the Form ITR 4 or ITR 4s
with business name and proper business income which is required by only some
private banks to open a current bank account.
2
Tax Registration i.e GST Registration
Online
New or Fresh GST Registration has been started from 25th june 2017. So Now you
have to required the GST Registration instead of the VAT or Service tax in the following
conditions -
1. if you are selling goods and services within state and have expected turnover more
than 20 lakh rupees in a year.
( For Ex - Providing the goods and services in Delhi and between 01.04.2017
to 31.03.2018 your turnover cross more than 20 lakh rupees then its required the GST
GST REGISTRATION
Number. CONTACT US
2. if you are selling goods and service outside state & even have turnover less than 20
lakh rupees in a year.
( For ex - providing the goods and service in delhi , jaipur,mumbai, bangalore and have
turnover less than 20 lakh in 16-17 but still you have to required the GST Registration
due to inter state supply.
3. if you are doing ecommerce business online or any service based business online
then its required the GST Registration.
4. if you are deal as trader or manufacturer and your suppliers are registered under the
GSTIN already then they charge the GST on your purchase & if you need the input
credit or refund then you have to required the GSTIN Number.
5. Ecommerce Aggregators and Operators are required the GSTIN Number from
starting.
so in above all the 5 conditions you have to required the new GST Registration and
have to open a current bank account for the same.
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5/1/2018 How to Register Sole Proprietorship Firm in India
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5/1/2018 How to Register Sole Proprietorship Firm in India
Firm Registration
Register Your Firm at your FingerTips with Low Cost &
100% Money Back Gaurantee
Choose Option *
Choose Option as per Your Business Needs
Name *
Type your Good Name
Email *
Valid Email
Contact No *
Contact Number
Firm Name *
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5/1/2018 How to Register Sole Proprietorship Firm in India
Brand Name
Nature of Business *
Nature of Business
Full Business
Address : *
Business Address
Submit
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