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GST Compliant Private Limited Company (PLC) Registration

Are you looking to expand the horizon of your business? Get your Private Limited Company registered along with GSTIN in real quick time. This will be an important stepping-stone towards assured success.

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How does GST registration work for you?

Any business offering sale of goods with annual turn over of 40 lacs or service with annual
turn over of 20 lacs would require the registration for GST and have a valid GST Number.

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We help you get a Secure GSTIdentification Number.

Step 1

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We make it easy for you to get your GSTfrom the comfort of your own home.

Step 2

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We will file your returns and complete all othercompliances as and when required.

Step 3

GST Compliant Private Limited Company (PLC) Registration

GST (Goods and Services Tax) has been one of the biggest tax reforms of India. It is the tax that replaced previously established taxes, such as VAT, Entry Tax, Service Tax, Cess tax, etc. It is also a destination-based tax in which both the state and the central government levy tax on goods and services. All businesses from the public to private limited companies should register for their GST. Registering for GST is compulsory for all companies that sell their goods or render services via e-commerce platforms such as Amazon, Flipkart, Ola, etc. In addition to that, one should be aware of the GST compliance number.

Whether your company is concerned with goods or services, or with specific types of products or services, you can list such services or products easily in your GST certificate. So, in that case, multiple GSTIN numbers are not needed for businesses. A tax invoice, which is known as the GST compliant invoice, is issued when a registered dealer supplies taxable goods or services.

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Checklist for who should purchase

As per GST Law, any supplier who carries on any business at any place in India and whose aggregate turnover exceeds the threshold limit as prescribed by the Indian government in a year is eligible for GST registration. To go into detail, the following people are considered to be eligible;

  • Businesses that expect to have a turnover of Rs.20 Lakhs or more in a financial year, as well as places like the North Eastern States and hill stations who have businesses with a turnover of about Rs. 10 Lakhs or more in a financial year.
  • Businesses who are looking to convert their existing firm structure into a private limited company or businesses looking to expand or scale up their operations.
  • The startups who are looking to raise capital and issue Employee Stock Ownership or Employee Share Ownership (ESOPs)
  • And for the vendors looking to sell online through E-commerce platforms.
  • How can we process GST compliance for Private Limited Company:

    Private companies will be able to receive several benefits and achieve their business growth, by registering for GST through us. We provide a fault-free and accurate record-keeping process for GST compliance for Private Limited Company, by following the simple few steps mentioned below.

  • Filing of application for GST registration
  • DSC Application
  • Company Name Reservation along with RUN (Reserve Unique Name)
  • Filing of E-forms with ROC
  • Receipt of Incorporation Certificate
  • The complete registration process is estimated to be completed in around 30 days.

    Service covered under Vakilsearch

  • Filing of E-forms: It is the filing of all the forms which are submitted electronically by every company (online submissions).
  • DSC Class-2 (2 nos): It is a class 2 Digital Signature certificate used by an individual for performing statutory activities online like filing returns, business registration, etc.
  • Name Approval: It is subject to comprehensive checks and verification by the Central Registration Centre (CRC) and then it will be approved or rejected accordingly and it’s done by a method called RUN (Reserve Unique Name).
  • Issue of Incorporation Certificate: The incorporation certificate is a legal document that is related to the formation of a company or a corporation, and issued for the same reasons.
  • Issue of PAN & TAN: Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) is also issued.
  • GST Registration: The registration for the GST number and all mandatory requirements under GST will be processed according to the Government of India.
  • Inclusions: Government fees and stamp duty for authorized capital up to 1 lakh rupees except for the states of Punjab, Madhya Pradesh, and Kerala.
  • Documents required for GST compliant Private Limited Company (PLC) Registration

  • Passport size photos: Passport-size photographs of the company directors are required for the registration forms.
  • Address proof of company directors: Any one of the following documents can be used as address proof, like electricity bill, bank statement, canceled cheque, landline bill or phone bill, which are all not older than one month.
  • Photo ID proof of the directors: When it comes to photo ID proof, any of the following IDs can be used; Voter ID, Passport, Driver license, Aadhar card or Ration card.
  • Specimen signature: The specimen signature of the company directors.
  • Self-declaration from directors: Declaration is required from those directors that are holding the position of ‘Director’, in other companies
  • Address Proof for your registered office: Rental agreement can be submitted for this.
  • NOC: No objection certificate from the owner of the property, where the company is located
  • PAN card: Permanent account numbers of all the directors.
  • Appostiled and Notarised documents for all directors residing outside India: All the NRI directors should submit their apostilled and notarized documents such as birth certificates, court orders, etc. at the time of registration. These all are submitted for scenarios like studies, foreign investment, international business transactions intellectual property rights, etc.
  • Bank Account Details: This should have the name of the account, account number, IFSC code, and address.
  • In case of a partnership firm: The partnership deed, partnership registration certificate with partners ID proof, and address proof, as well as PAN card of all the partners.
  • FAQs on GST Compliant Private Limited Company (PLC) Registration

    When is GST registration mandatory for a business?

    It's only mandatory when the company’s annual turnover is Rs. 40 Lakhs or more. But certain businesses like B2B or E-commerce traders that deal in interstate sales require GST registration.

    Do I need multiple GSTIN numbers for my business?

    Whether your company is concerned with goods or services or with specific types of products or services, you can list each service or product easily in your GST certificate. So multiple GSTIN numbers are not needed for a business. But if you set up a company in one state and deliver products or services to other states, then yes, multiple GST registrations are required.

    Do I need a commercial address for GST registration?

    No, if you run your company from home then you should file a residential address along with the GST. It is only required for proof of address - a copy of an electricity bill with a NOC (Non-Objection Certificate), or a copy of a sales deed or rent agreement, etc.

    What action is required after GST registration?

    After you have registered for GST registration, you must provide the GST invoice to your client or consumer every month after that, and charge them the correct GST amount. You have to pay the taxes for the same, at the end of the month.

    I want to launch an app Development firm. Are there any registrations that I should be aware of?

    In addition to getting your GST license, you need to consider protecting your name by registering your company with a trademark. You must also obtain copyright if you are creating any proprietary software, or any other intellectual property on your own.

    Who is eligible for acquiring the benefits under the Startup India Initiative?

    Only the following entities can apply or get qualified as a startup for the government scheme, the Startup India Initiative

    • Private Limited Company
    • Registered Partnership Firm
    • Limited Liability Partnership with the following conditions;
      • Not more than 5 years passed since the date of its incorporation/registration
      • Turnover has not exceeded INR 25 crore, in a financial year.
      • It is working towards innovation, development, deployment or commercialization of new products.

    Do I need to be physically present during the process?

    No. Your physical presence is not required.

    Why Vakilsearch

    Vakilsearch is India’s largest professional platform of lawyers, chartered accountants, and company secretaries-with years of experience behind. We execute legal work for over 1000 companies and LLPs every month, by leveraging our tech capabilities, and the expertise of our team of legal professionals.

    9.1 Customer Score

    We make your interaction with the government as smooth as possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

    300-Strong Team

    With a team of over 300 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.

    Access To Experts

    We provide access to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our online platform, at all times.

    Realistic Expectations

    By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.

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