What Are The Documentation / Pre-requisite Required For Startup India?

In our earlier blog of startup India we tell you what is start up India and their benefits of registration in startup India. Now we tell you what the pre-requisite for making registration in startup India are.

Startup India Registration is Divided in to 7 steps:

(1) Entity details: Here in first step you need to filled your entity information like entity you belongs, further classified you industry then to sector then to categories you belong like if you belong telecom industry then you have to classified yourself in to what actually you done in telecom sector in to categories what you actually do. You also give Your registration detail like registration no, pan card no of entity, registration date etc. along with registration certificate like company incorporation certificate which need to be uploaded.

(2) Address Detail: in this column all you need to give your address details.

(3) Authorization Detail: Here you give detail of authorized person who are filling who are actually working in your entity or a signing person.

(4) Director/ Partner Detail: In this step you need to give detail of Director/ Partner like Name, gender, mobile no, email id etc.

(5) Information Required: This is a most important step here you give details of your entity employees, your innovative product, your level of business etc.

(6) Tax Benefits: In this step on the basis of information you have provided system will automatically see whether you are eligible for the tax exemptions it’s based on the department criteria are match with your self-declaration information that you had provided.

(7) Self-Deceleration: In this step you have to self-declare that all the information that you have provided are true and correct.

The only documents you required mandatory is the registration certificate, apart from this no documents are required for compulsory uploading, however if you want to filled additional documents you can filled the same like , hyperlink of your website, videos etc.

After filling the same, department will analyses your application and give certification or decline the application on the basis of your correctness of your information.

Where I get my Certificate of Startup India Registration?

After Analyzing the information, department will grant you certificate on the email id which you have been provided on your information column. This certificate will be evidence that you have registering yourself in startup India initiative.

To know more about:-

What Is Startup India?

Process Of New GST Registration in India

After July 2017, it is almost become compulsory to have GST Registration for doing business in India, there are some conditions for doing business without registration but it’s not applicable on mostly business.

Who Are Eligible For GST Registration?

There are basically two conditions for GST registration. We need to register even if the one condition completed.

1) Business must cross limit of 20 Lakhs per annum 

2) Sales of good crosses the state of business 

In case no condition is fulfilled then any person can take registration on voluntary basis 

Documents required for GST registration.

In Case Of Individual 

1) PAN card of Individual 

2) Adhaar card of Individual 

3) Bank Statement/ Passbook/ Cancelled Cheaque  of saving bank account of Individual 

4) Electricity bill/ Rent Agreement/ Consent Letter of property owner 

5) Passport size photo of Individual 

In Case Of Partnership Firm /LLP

1) PAN card of all partners 

2) Aadhaar card of all partners 

3) Bank Statement/ Passbook/ Cancelled Cheaque  of saving bank account of any partner 

4) Electricity bill/ Rent Agreement/ Consent Letter of property owner 

5) Passport size photo of all partners

In Case Of Company 

1) PAN card of all Directors 

2) Adhaar card of all Directors 

3) Bank Statement/ Passbook/ Cancelled Cheaque  of Company current account 

4) Electricity bill/ Rent Agreement/ Consent Letter of property owner 

5) Passport size photo of All director 

6) Digital Signature of any one Director

How Much Time It Will Take To Register GST?

It will take 1 working day to submit and create account with department but almost 4-5 day for GST registration approval.

Is There Any Chance Of Non-approval Of GST Registration?

Yes, in case department thinks the documents deposited with GST department is not sufficient then department notice known as Show cause notice (SCN) and for approval of GST registration we need to reply the notice and complete the documents.

In case we don’t reply on the said SCN then application of GST registration will automatically rejected by the department.

Is This Possible To Use Online Ca For GST Registration?

Online CA in India working almost for all field related to taxation and business matters. In case of GST registration we only need soft copy of all documents, so it’s practically possible to done GST registration with the help of Online CA.

What Is Startup India ?

A startup India registration is an initiative run by the Indian government to promote the new business in India. The government of India provides various benefits to the concern who registered themselves in startup India initiative.

Now The Question Arise Who Can Registered Themselves In Startup India Initiative?

For Registration in Startup India there is specific type of business registrations which are as follow :

(1)Registered partnership firm

(2)Limited Liability Partnership

(3)A company registered in company act

Condition For Apply Startup India Initiative:

The condition required for startup India registration is:

(i) The entity should registered themselves with in 7 years from the date of incorporation (in case of bio-technical sector 10 years from the date of incorporation)

(ii)Turnover of the entity does not exceeds 25 crore.

(iii)Entity should not form by splitting or reconstruction of new entity.

Benefits Of Registration In Startup India Initiative:

Following are the benefits of startup India initiative:

(1) Tax Ememption: There would be tax exemptions for 3 years and also in capital gains.

(2) Easily Avilabilty Of Loan: Government of India has provided a fund of rupees 10,000 cr for funding of startup India initiative.

(3) Self Certification Of 9 Environmental And Labour Laws:

Startups may self-certify compliance in respect of following 6 Labour Laws:

(i)The Building and Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996

(ii)The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979

(iii)The Payment of Gratuity Act, 1972

(iv)The Contract Labour (Regulation and Abolition) Act, 1970

(v)The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

(vi)The Employees’ State Insurance Act, 1948

(4) Fess Concession In Case Of Filling Of Patents: Government of India provide fees exemptions in case of you want to filled patent application.

(5) Easy W0inding Up Procedure: There would be procedure for faster winding up of the company within 90 days.

Is There Any Government Fees Required For Start Up India Registration?

No there would be no government fees required for registration them-self in startup India.

Is There Any Physical Documents Submission Required?

No, there is no such conditions exist for physical submission of documents; the only thing required is uploading of prescribed documents.

For More Information Visit here: https://www.ovakil.com/.