Jevan Tax Consultancy

EMPLOYEE STATE INSURANCE CORPORATION (ESIC)

Employee State Insurance Corporation governed by Labour and Employment Ministry. ESIC registration statutorily mandatory when an organizations employee strength reaches 10 or more. As an employer you are safeguarding your employees by insuring their health activities during employment. And employees can utilize their medical insurance need by using their ESIC enrolment references.

PROVIDENT FUND (PF)

Provident Fund is savings treasury for employees and it is regulated by Indian Government. PF registration is compulsory when an organizations employee strength reaches 20 or more. Every employer who mandates to register is focusing on their employee’s savings to strengthen their future financial needs.

TRADEMARK

Trademark registration can freeze your trade name, logo, slogan, font, colour combination, images, graphics and etc., Once Trademark registered with your company details, no other companies can be used the same details such as trade name, logo and all other details. This registration helps you to show your business identity as unique and no one can copy them. Since you will be displayed individually as per your intention.

IMPORT AND EXPORT CODE (I.E. CODE)

Import and Export Code is compulsory to register with concern legislative when a person or company who wants to initiate import/export business activity in India. Director General of Foreign Trade will issue the certificate of I. E. Code. It is one time registration and certificate will be valid for lifetime of an Individual / Company. Without I.E. Code commercially importing/exporting is illicit.

PRIVATE LIMITED COMPANY

Private Limited Company incorporation is best and smart decision to register your business. Private Limited companies are governed by Companies Act 2013. When a business registered as Private Limited Company it is easy to attract and build customers trust and make the business opportunities more. Minimum 2 Directors required and maximum 15 directors allowed in a Private Limited Company. Those Companies can easily get the bank credits and loans for fund requirements.

PARTNERSHIP FIRM

Partnership Firm registration is easy process and registering as Firm is showing your business that two or more people managing it. Initially a Deed of Partnership will be prepared and registered with Registrar of Firms. The deed contains all the information’s of firm, terms between partners and profit-sharing ratios etc., everything will be documented and duly signed by partners and also by two or more witness. Which states more accountability and efficiency in business process and less risk of business loss and turnover breaks. Minimum 2 Partners and Maximum 20 Partners can be involved in a Partnership Firm.

TAX DEDUCTION ACCOUNT NUMBER (TAN)

Tax deduction Account Number (TAN) is mandatory for Individual business (Proprietary firm), HUF, Partnership firm, Private Limited Company, AOP, BOI etc. when company expenditure transactions breaches limit described by Central Board of Direct Taxation. With this registration an number will be allotted and TDS deduction should be settled with the PAN by filing quarterly returns.

MICRO SMALL MEDIUM ENTERPRISES REGISTRATION

Micro Small Medium Enterprises (MSME) registration is governed by the Government of India. Not mandatory to register for every business. Since there were plenty of benefits that government offers for MSME business in India. It is easy process and one time registration. Manufacturing and Service sector both types of business can be registered with MSME. Some of government tenders were offered only for MSME registered industries / companies.

STARTUP INDIA REGISTRATION

Startup India Registration is governed by Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade) and it was started in January 2016. When your business product or service is unique compare with regular product / service availed in market you can register your business with Startup India Scheme. With this scheme you can avail Tax Benefit, provides more opportunity to get government tenders, and lot more benefits. It’s a One Time Registration.

PROFESSIONAL TAX

Professional Tax Registration mandatory when an employer committed with any profession or business activity. A certificate will be issued to the person / company. It is a One-Time registration and valid for Life Time. Employer must deduct professional tax amount from employees as per state norms and pay on or before due date fixed by respective state.

FSSAI REGISTRATION / RENEWAL

Food Safety and Standards Authority of India registration is compulsory if a business is related to food industry. A Local Health Inspector will examine the business place and all the specified rules and safety protocols are followed. In case a food industry business in not registered with FSSAI the department may lid the company.

Registration is required on initial stage of business and it has to be renewed before expiry.