SET UP NEW BUSINESS TAXATION POINT OF VIEW

Every business entity requires information on various taxes levied by the Union government, the State Governments as well as the Local bodies. 

Goods and Service Tax (GST) in India

  • The Goods and Service Tax (GST) is the most debated topic in the field of indirect taxation in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT. MSMEs need to gear up and prepare for the GST implementation.

  • Overview of taxation of individuals, partnerships and corporations
  • Computation of taxes
  • Details on types of customs duties, export and import procedures
  • Details on different kinds of excise duties and related procedures
  • Details on VAT, Service Tax and Wealth Tax
  • Information on PAN, TAN, TDS and TCS
  • Information on Direct Tax

Guidelines & Procedures for Starting a New Business in India

Once you have decided to start a business, an important consideration to look into is the various government guidelines for setting up a factory, seeking permits from various departments (including electricity, water, environment, etc) and filing registrations along with necessary fee, necessary taxation, etc.

* Obtain Pan number from Income tax Department

* Open a current account with a Bank.

* Obtain Vat Registration Number

* Obtain Service tax  Registration 

* Obtain TAN (Tax Deduction Number)


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