Government & Tax Registration
Ayush Manufacturing License
Every manufacturer who is dealing with ayurvedic or herbal products in India is required to obtain Ayush License. This license is regulated by the ministry of Ayush. The application of Ayush is approved by the commissioner of Ayush department.
Previously, it was known as the department of Indian system of medicine & homeopathy (ISM & H) formed in 1995. Later it was changed to ministry of Ayush on 9th November 2014. You cannot manufacture ayurvedic medicines without taking the consent of the government.
In order to get Ayush license, you need to file an application along with the required documents to the ministry of Ayush for the approval.
Digital Signature Certificate
What Is Digital Signature Certificate (DSC)?
Digital signature certificate is a certificate issued for signing the documents electronically. In India, it is used for doing various types of online transactions such as Income tax e-filing, e-tenders, Company or LLP incorporation
There are three types of digital signatures -
Class I – Class 1 digital signature is used for protecting e-mail communications.
Class II – Class II digital signature is used for IT return filing , company registration , obtaining DIN, DPIN etc.
Class III – Class III digital signature is used for E-Tendering & participating in E-auctions.
Online Excise Tax Registration In India
The excise tax is an indirect tax levied at the time of manufacturing of a specific product. This tax is not directly paid by the consumer. The internal revenue services (IRS) charges this tax from the producer or the merchant at the time of manufacturing but producer include this tax in product price and pass the same to the consumer. Finally, Buyer pays the tax. It is considered as indirect tax as the producer of the goods who pays the tax to the government tries to recover their loss by passing it to the final buyer of goods. It is sometimes referred as tax but is specifically a duty. Technically, A Tax is levied on an individual whereas duty levied on particular goods. Excise tax is distinguished from a sales tax or VAT in the following ways –
Excise is typically a per unit tax charged on volume or unit of the item purchased whereas sales tax is a tax
paid on the sale of certain goods & services.
Excise tax applies to narrow range of products
Excise tax is typically higher from the sales tax or VAT.
FSSAI License (Food License)
What Is FSSAI Registration/Food License?
FSSAI stands for Food Safety and Standards Authority of India. Applying for food license or FSSAI registration is mandatory before starting any food business. All the Restaurants, traders and manufacturers involved in food business must obtain a 14 digit license or registration number and it should be
printed on all food packages.
This innovative step is taken by the government by starting a food licensing & registration system to make sure that every product should undergo certain quality checks to make reduction in the cases of adulteration, substandard products and to improve the accountability of manufacturers.
Import Export Code
Import Export Code (IEC) Registration In India
IE code is issued to a person dealing in import or export of goods. It is a 10 digit code issued by Directorate
General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. Import Export
Code registration is required by all the businesses involved in exporting and importing of goods. It is valid for lifetime.
Without this code, importers are not authorized to import anything and exporters can’t take benefit of exports from DGFT, Customs & Export promotion council etc. The importer needs to quote the import export code at the time of taking clearance from the custom department. It is also used for sending money abroad as bank needs.
Import export code of the importer to send money abroad.
The exporter needs to quote the export import code while sending shipments. It is also used for receiving money from abroad as banks need import export code of the exporter to receive money from abroad.
IEC is known by various names such as importer exporter code, import export license, import export number, IEC license etc. You can obtain IE code in your personal name or company name and is valid for all
What Is Included In Our Package?
PSARA Licence Overview:
PSARA Registration Under PSARA ACT 2005
Now days, private security agencies are increasing day by day due to increase in crime & terrorism. Any person who wants to start a security agency business in India needs to be licensed in India. Private security organizations are those organizations which are involved in providing security services to any business or industrial undertaking or company or any other person or property. Operations of these agencies are governed by “Private security agencies (Regulation) act, 2005”. An individual can also provide services outside India for which he has to take permission from controlling authority which in turn takes permission from central government. It also provides training to security guards. PSARA registration is mandatory for private security agencies. The main purpose of a private security agency is to protect individuals or businesses or properties against different type of crimes. PSARA license can be made for a district or up to five districts or a state. No person has a right to start a business of security agency or provide a security guard without getting registration under PSARA. According to PSARA, all private security agencies need to appoint supervisors to look after the work of security guards. A person from army, navy or air force having at least 3 years of experience has been given preference over others.
The security agencies should provide proper training to the supervisors and enhance their skills. PSARA also specifies the criteria for the qualification & disqualification of a security guard, his uniform and about his health. Before starting a private security agency, you have to apply for PSARA license.
You have to consider these factors before making a decision –
PSARA Licence Overview: PSARA Registration
Under PSARA ACT 2005
Professional Tax Registration
Online Professional Tax Registration in India
Professional Tax is the tax levied by different state governments of India on the salaried persons working in
government or non-government entities or practicing professions like Medicine, Law, Chartered Accountancy etc. or carrying out any other form of business. All these working professionals need to pay the professional tax.
The professional tax registration is imposed at the state level. Different states have different rates and methods of collection. The professional tax is not imposed in all the Indian states. The states in which professional tax is imposed are West Bengal, Tripura, Telangana, Tamil Nadu, Sikkim, Odisha, Meghalaya, Madhya Pradesh, Maharashtra, Kerala, Karnataka, Gujarat, Chhattisgarh, Assam, Andhra Pradesh etc.
The employers deduct the professional tax from the salary of the employees and the same is deposited with the state government. Professional tax is levied by the Municipal Corporation of a particular state and majority of the Indian states impose this tax. For the State Government, the professional tax is an important source of revenue and it helps them in implementing schemes for the welfare and development of the region.
Professional tax registration is also paid by staff of private companies (https://www.finacbooks.com/private-limitedcompany-registration-online). It is mandatory to pay professional tax. The professional tax is charged as per income slabs of the state government. The amount of professional tax paid during the year is allowed as deduction under the income tax act.
After recruiting the staff in a company, the registration of the professional tax is necessary within 30 days in case of salaried personnel and in case of professionals, it should be within 30 days from the beginning of the practice. The professional tax is deducted from the wages or salaries paid to the employees. The amount deducted for the professional tax registration varies from state to state but it is not more than 2500 rupees annually in any of the Indian States
STPI Registration In India
STPI stands for software technology parks of India. It is a recognized government agency established in India in year 1991, controlled and maintained by ministry of Communication and information technology. It is considered as 100% tax free zone for software experts. STPI’s are formed by the government in order to boost the computer software and other allied IT products in the country. They are 100% tax exempted export oriented units registered under section 10 of the income tax act, 1961. It enjoys 100% tax incentives, duty free import and 100% foreign equity & CST reimbursements on every transaction. Government specified some rules & regulations for STPI registration & it should be properly followed for better
The following rules & regulations should be followed at the time of STPI registration –
Following can become a STP member :
STPI Registration In India
Complete company profile
Estimate of capital goods requirement
Earnings from export
Different areas of expertise
What Is Included In Our Package?
TAN is a 10 digit alphanumeric number required to obtain by those persons who are responsible for deducting & collecting taxes on the behalf of government. For ex – DNBD66666T, first three letters indicate the name of the city or a state and fourth letter signifies the first letter of your name.
The individual who is in charge of deduction & collection of taxes needs to store the tax deducted to the credit of central government by mentioning the TAN number. Individuals running a proprietorship business needs to obtain TAN & deducts tax at source, whenever it is required. There is no need for salaried peoples to obtain TAN.
What Is Trade License?
Trade License is a certificate issued by the municipal corporation to the registered applicant giving authorization of starting any type of trade or business in a particular area or location. It does not allow the license holder to use the same license for any other trade or business. It is governed by the respective state laws under the Municipal Corporation act by the state government. Trade licenses are published by the authorized departments of the municipal corporations. Starting a business without obtaining a trade license may result in penalty or even termination of business. We can say that Trade license is similar to a driving license which requires a driver to drive a car.
The license department is the authorized administration of the municipal corporation which publishes licenses after consultation with other specialized departments. It is important for business establishments to take fundamental licenses from the License department before starting manufacturing, exchange or storage of any activity/commodity. The application should be filed to the commissioner of Municipal Corporation before 30 days of the commencement of the business.