Consultants

Is it Necessary to Register a Startup in India? "Call Our Business Plan Experts at +91-72999-72500" The word "startup" is derived from the term "starting-up," which denotes the beginning of a business venture. Startups are young businesses that develop and scale a product or service to create value for customers and shareholders. They are often technology-driven and aim to disrupt the existing market through innovative products. Many startups fail to take off, but those that succeed are able to attract investment interest from investors and gain credibility with potential clients. A startup can be registered as a private limited company, a partnership firm, or an LLP. The process of registration is similar to that of incorporating a regular business, except it requires the submission of additional information and documentation. To complete the process, the startup must also register its trademark and establish a bank account. Once these...

Successful Business Ideas For Small Business Entrepreneurs in India "Call Our Business Plan Experts at +91-72999-72500" Online Marketing One of the most common reasons small businesses fail is because they don't effectively market their product or service. The business owner is usually focusing on running the day-to-day operations of the company and may not have time to spend on marketing. The good news is that online marketing has made it possible for small businesses to reach more customers without spending a lot of money. Using social media, discussion forums, Google maps and other tools, entrepreneurs can promote their products or services to more people than ever before. However, there are a number of things to keep in mind when it comes to online marketing. Be careful of listening to self-proclaimed experts and be sure to do your research before choosing a marketing strategy for your business. Software Development Indian software...

10 Common Mistakes to Avoid While Filing GST Returns in India Since GST has replaced several levies like excise duty, service tax and value added tax (VAT), it's become a necessity for businesses to be compliant with the new law. However, even the best-established business can run into trouble if they fail to follow the correct procedures when filing returns and making payments. This can lead to unanticipated cash flows and can have a direct impact on bottom line liquidity and short term working capital. Moreover, non-compliance can also lead to heavy penalties and a bad reputation with the authorities. The GST return filing system is complex and requires a lot of manual data entry to generate reports. It's common for human error to occur during this process which can lead to mistakes in GST filing and compliance. To help you avoid the mistakes that can cause trouble, here are 10 Common mistakes to avoid while filing GST Returns in India. 1. Filing Under...

Importance of Startup India Registration "Call Our Business Plan Experts at +91-72999-72500" The government has streamlined the process of registration for startups. This is a major step towards easing up the regulatory burden on entrepreneurs, and enabling them to operate with greater ease. Startups registered under this scheme can benefit from several benefits, including exemption on income tax for the first three years. The scheme also enables them to access funding, mentoring and incubation support. In addition, they can avail of a rebate on patent filing and trademarks. To become eligible for Startup India registration , an enterprise must fulfill a few conditions. It must be an independent entity that is not formed by reconstructing or splitting up a business that is already in existence. It must be working towards innovation, development or improvement of products, processes or services. It should have a scalable model that has the potential to generate e...

Benefit of Starting a Business in India by a Foreign Nation NRI "Call Our Business Plan Experts at +91-72999-72500" As one of the largest economies in the world, India has a major impact on global trade. The country is an increasingly attractive place for investors, especially because of its large population and growing spending habits among middle-class Indians. Moreover, the country is home to a wide variety of natural resources, making it a valuable economic force to be reckoned with in the future. The government of India has taken steps to make it easier for  non-resident Indians to start a business there. In recent years, it has reduced the number of requirements that must be fulfilled to establish a company in the country. This includes reducing the minimum capital requirement and simplifying regulations regarding labour laws and taxes. As a result, it is now more affordable and convenient for businesses to operate in India. In addition to ensur...

GST Registration for Small Business in India "Call Our Business Plan Experts at +91-72999-72500" As a small business owner, you might have many essential things to focus on, but GST registration is one of them that should not be ignored. It will have a positive and incremental value impact on your business in the long run. It will make your business efficient and reduce compliance worries. Currently, only those businesses that have a turnover of Rs 40 lakh or more in the manufacturing sector and Rs 20 lakh or more in the service sector, including e-commerce, need to register for GST . But, the GST process has now been simplified and streamlined, thereby making it much easier for startups and small businesses to obtain their GST number. You can register for GST online by visiting the GST website and clicking on 'Register' under the Services menu. Select 'I am a tax payer' from the drop-down menu and enter your PAN card, mobile number, and...

Who Is Liable to Deduct and Pay TDS Under Income Tax Act?  "Call Our Business Plan Experts at +91-72999-72500" TDS is a process whereby tax is collected at the source itself. This reduces the burden on individuals as well as the Tax Collection Agencies. This is done on a wide range of transactions including interest on fixed deposits and recurring deposits, rental income from property, etc. The person responsible for making any payment should deduct TDS if the amount payable exceeds the threshold limit. The threshold limits are different for each type of transaction. If you receive payment from a non-individual entity and are liable to deduct TDS, then it is essential that you obtain the PAN details of the individual/HUF. This will help you to file your returns and prevent any issues with TDS deductions in future. In case of a salaried class, the employer is liable to deduct TDS from your salary. They are required to provide you with Form 16 which...

How Can I Register Udyam For Private Limited Company?  "Call Our Business Plan Experts at +91-72999-72500" The registration process for Udyam is entirely digital and paperless based on self-declaration by the business. The portal is integrated with the Income Tax and GST Identification systems as well as the government e-marketplace. In the first step, the business must declare whether it is a proprietorship, partnership firm, or a limited liability company (LLC). Then, enter the number of employees and the total investment in plant and machinery. Also, provide the NIC or National Industry Classification Code for the business activity. After entering these details, select the DIC or district industry center to which the declaration is being made. Once the information has been verified, an OTP will be sent to the registered mobile number or email address. Once the OTP is entered, the Udyamregistration Consultant  will be completed. Besides being a mandat...

How to Register Your Business in Tamilnadu  "Call Our Business Plan Experts at +91-72999-72500" Starting a business in Tamilnadu has become easy with most of the procedures moving online. However, there are certain prerequisites that should be met before a new venture can get started. Incorporating a businessConsultant  depends on the legal structure chosen by the entrepreneur, and if it is a private limited company, it must register itself with the Registrar of Companies. Besides, it will also need to get a Director Identification Number, and Digital Signature Certificate. The next step would be to obtain the Certificate of Incorporation from the ROC and Ministry of Corporate Affairs. It takes around a week for the process to complete as there is a lot of paperwork and verification involved in it. Having this will allow you to sign all relevant documents electronically and speed up the process considerably. You will also require a Digital Signature Certific...