Business and Tax Registration

Importer Exporter code(IEC) is a familiar term among those who are dealing in export/import business, as it is mandatorily required for doing export/import in India. It is required for all sorts of business models be it a company or an Individual. Importer Exporter code is a 10 digit number issued by DGFT-Director General of Foreign Trade , Ministry of Commerce, Government of India. Only one IEC would be issued against a single PAN number. An IEC number allotted to an applicant shall be valid for all its branches / divisions / units / factories and there is no such requirement for its renewal.

An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the nearest Regional Authority of Directorate General of Foreign Trade, in ‘Aayaat Niryaat Form - ANF2A’ and shall be accompanied by documents prescribed therein. Once you submit the application to the department, complete in all respects then the department send you the certificate by registered post to the registered address.

Our team of experts can provide you all the assistance in obtaining IEC from the government.

ISO is an acronym for International Organization for Standardisation. ISO is an independent organisation that provides standards for quality, safety, and efficiency of products and services provided by businesses. Due to increasing competition amongst businesses, it is important to deliver high quality of goods & services in order to gain a competitive edge. ISO certification helps to improve your business credibility as well as overall efficiency of the business.

To obtain ISO registration is a time consuming and lengthy process. Our experienced team will simplify the process and ensure that it is stress free for you.

India is making significant improvement in the Ease of Doing Business rankings. The results are evident, and it is primarily because of various government initiatives. One such initiative is Government E-Marketplace or GeM. It is a portal to facilitate online procurement of goods and services required by various government departments, organizations and public sector undertakings in India. GeM has been introduced to enhance transparency in government purchases, improve efficiency and speedup procurement.

Once registered on GeM, applicant will get a user id and password to access the account. Through the account, the seller or service provider can list the products or services offered by them along with the pricing.

Don’t let this opportunity slip out of your hand. Get your organisation registered on GeM portal and unleash your business.

MSME stands for Micro, Small and Medium Enterprises. MSME plays a pivotal role in the growth of Indian economy which is majorly dependent upon agriculture and small business. MSME being the backbone of the economy is highly supported by the government. The government of India provides various subsidies, schemes & incentives to MSME’s through Micro, Small & Medium Enterprises Development (MSMED) Act.

To avail various benefits, incentives, schemes, and subsidies granted by the government to MSME, entrepreneurs need to register themselves as MSME under MSMED Act. The registration is called MSME/SSI/Udyog Aadhar Registration.

MSME are classified into 2 classes- Manufacturing and Service Enterprises. The limit for investment in plant and machinery / equipment for manufacturing / service enterprises are as under:

Type of Enterprise Manufacturing Enterprises Service Enterprises
Investment in Plant & Machinery
Micro Enterprises Does not exceed 25 lakhs Does not exceed 10 lakhs
Small Enterprises More than 25 lakhs but does not exceed 5 crores More than 10 lakhs but does not exceed 2 crores
Medium Enterprises More than 5 crores but does not exceed 10 crores More than 2 crores but does not exceed 5 crores

Benefits of MSME Registration

  • Easy access to credit
  • Cheaper bank loans
  • Tax Exemptions
  • Opportunities to participate in exhibitions abroad
  • Capital Investment subsidies
  • Power tariff subsidies
  • Priority sector lending

Every person involved in food business is known as food business operator. Before starting a food business in India, a business operator has to obtain a food license. Food license application is required to be filed with Food Safety & Standards Authority of India (FSSAI). FSSAI is a government department which ensure that all the food related laws are being followed by the food business operator.

FSSSAI Registration/ Food License is mandatory for all type of food businesses - manufacturers, importers, Exporters, Traders, Retailers, Warehouse, Cold storage, E-commerce player, Transporter, Hotels and Restaurants or any other type of business directly or indirectly involved in the food business.

There are 3 types of food license being issued by FSSAI. The selection of the registration is based on the amount of turnover:

  • FSSAI Basic registration - required for businesses with annual turnover less than 12 lakhs
  • FSSAI State License - required for businesses with annual turnover greater than 12 lakhs but less than 20 crores
  • FSSAI Central License - required for businesses with annual turnover greater than 20 crore

Our expert team will assist you throughout the registration process in order to obtain the 14-digit FSSAI registration number.

There is no specific Central Government Act which comprehensively governs hours of work, payment of wages, health and safety in commercial establishments. To bridge this gap, state Governments have enacted Shop and Establishment Act to regulate the conditions of work of employees in shops, commercial undertakings, restaurants, etc.

The Delhi Shops and Establishments Act, applies to all shops, establishments and commercial establishments operating within the State of Delhi. Our Team can assist you in obtaining Shop and Establishment registration at an economical price. For more information, contact us.

ESI Registration

Employees State Insurance (ESI) is a self financing social security and health insurance scheme for Indian workers. This fund is managed by the ESI Corporation according to rules and regulations stipulated under ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India.

ESI Registration is compulsory for organizations employing more than 20 individuals. Also, small organizations which do not have the minimum strength can register themselves voluntarily. Organizations which grow to a strength of 20 employees are expected to register themselves within one month of attaining the minimum strength.

PF Registration

Employees Provident Fund (EPF) is a scheme administered by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). Basically, EPF is like a benefit to an employee during the retirement provided by the organization.

PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employees.

Permanent Account Number (PAN)

Permanent Account Number (PAN) is a number which is used by Income Tax Department as an identification of a person. PAN is a 10 digit alphanumeric number which is printed on a laminated card, known as PAN card along with other details like PAN number, name of applicant, fathers name, date of birth and passport size photo.

PAN is required in any sort of communication with the income tax department like:-

  • Filing income tax return
  • Any correspondence with income tax department
  • Submitting challans for payment of any tax to the department

We can assist you in obtaining PAN in a timely and cost efficient manner. Further, we have expert knowledge and experience in obtaining PAN of Foreign nationals, foreign company and NRIs.

Tax Deduction Account Number(TAN)

Tax Deduction Number (TAN) is a 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS). The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.

To obtain TAN, application must be made for allotment of TAN in Form 49B along with the required supporting documents. Based on the application, the TAN will be allotted to the entity and the entity must quote the TAN in all TDS/TCS returns, TDS/TCS payment challans and all TDS/TCS Certificates.

 
     
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