GST For Private Limited Company
Goods and Services Act, 2017
9 Working Days
1. Company's PAN Card copy
2. Pan Card copy of each Director
3. Aadhar Card copy of each Director
4. Directors DIN Number
5. DSC token-Mandatory for
6. Director's Passportsize Photo
7. Company Incorporation Certificate
8. Company's Latest Bank Statement
9. Rental or Lease Agreement
(With NOC) / Property Tax Paid Receipt
for the place of business
10. Latest Electricity bill
11. Memorandum of Association(MOA)
or Articles of Association(AOA)
* Is an all inclusive price. In all other cases Out of Pocket expenses to be paid by the client.
GST For Private limited company
Private limited company is the most popular form of business entity. To incorporate a private limited company minimum number of two shareholders and two directors are required maximum upto 200 shareholders and 15 directors are allowed. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity.
Advantages Of Private Limited Company
Separate Legal EntityA private limited company has its own legal identity. So third parties contract with the 'company' and not the individual directors and shareholders. It means there is a continuity of business even if any of the shareholders die
Limited LiabilityLimited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited. This means any loss or debts which is purely of business nature will not impact, personal savings or wealth of an entrepreneur.
Borrowing CapacityA company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Tax BenefitPrivate limited companies enjoy tax advantages in addition to limited liability. These companies pay corporation tax on their taxable profits and tend to be exempt from higher personal income tax rates. Forming a company instead of continuing as a sole trader or sole proprietor opens the door to more tax-deductible costs and allowances redeemable against profit.
GST Private Limited Company Registration Procedure
There are various prescribed Rules and regulation for Formation and incorporation of public limited company in India under the new Companies Act, 2013. If you prompt with your all Documents, Thestartpoint can help you in Incorporation of private Limited Company in 25 to 30 working days, subject to Legal Processing period.
Any one of the Director needs to apply for Digital Signature Certificate while submitting address proof and identity proof with self attested of the Director. You need to provide the required documents and details; our expert will fill the form Online. This process will take a days time.
All the directors need to apply for the Director Identification Number. You need to provide all the required documents and details; our expert will fill the form Online. This process will take a days time.
As soon as we apply for the DSC, we will ask you for the unique name you wish to give to your Company, as well as some scanned documents regarding the proposed Company and its directors. These will be used to file SPICe INC-32 and the Memorandum of Association (MOA) and Articles of Association. At the stage, you will also need to pay Government fees for form filing and stamp duty. The Incorporation Certificate will be approved at the end of this process.
Every Public Limited Company needs a registered Permanent Account Number (PAN) and Tax Account Number (TAN). We will make the application online ourselves; you need to provide the all required Documents. The PAN and TAN will be couriered to your registered office address in 21 working days.