GST Registration Online: SuperCA

About Online Sole Proprietorship Registration Registering your company makes your business a distinguished entity and gives it a legal existence. It is very essential for protecting your business and securing its rights. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, more capital contribution, greater stability and increases the company's potential to expand. There are various forms of businesses available that one can register with. Among all, online sole proprietorship registration  is the most simple one with minimal compliance procedures. Any individual who wants to start a business from home or on a premise with a minimum amount can opt for the Sole proprietorship business type. It can be started within the time span of 10-15 days. Online Sole Proprietorship registration is a cakewalk only if you need to take care of some basic things Even though online sole proprietorship...

  Registration of the firm is the overriding and most important step for any business organization. Company registration is very essential for protecting your business and securing its rights. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, more capital contribution, greater stability and increases the company's potential to expand. Before registering your company, you should have clarity on the kind of business you are into, your goals and objectives since each of these types come with their own legal implications. There are various forms of businesses available that one can register with. Among all, sole proprietorship registration is the most simple one with minimal compliance procedures. Any individual who wants to start a business from home or on a premise with a minimum amount can opt for the Sole proprietorship business type. It can be started within the time span of 10-15 days....

Directors act as agents in the transaction which they enter into on behalf of the company, though they are not agents for individual shareholders or members. A director may be an employee, a servant or even a "worker" of the Company. The duties of directors are largely derived from the law of agency and trusts under common law rules and fair and impartial principles. Under the law of agency, duties of skill, care and diligence are imposed on directors. On the other hand, the law of trust imposes fiduciary duties on directors. He occupies the position of a trustee of the company's money and property, though he is not a trustee in the strict sense in respect of the Company's properties and funds. Every director is required to perform his duties sincerely, having the knowledge, skill and experience both of a person carrying out that director's function and of that person himself. As we’ve discussed, the directors act as agents of the company to the extent as authoriz...

Director identification number (DIN) refers to a unique identification number that is given to a person desiring to be a director or an existing director. Through DIN, details of the directors are maintained in a database. It is an 8-digit unique identification number and has lifetime validity. The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. As such, all the existing and intending Directors have to obtain DIN within the prescribed time frame as notified. In this digitised era, application in eForm DIR-3 was sufficient to obtain DIN. For any individual who wants to be a director in one or more companies, this was only a one time process. However, now with the move of the MCA to update its registry, all directors with a DIN will have to update their KYC details annually in eForm DIR-3 KYC. This annual KYC for all DIN holders has been made mandatory by the MCA w.e.f...

A private limited company and Sole Proprietorship are two different business structures & also are different in terms of their working. Sole Proprietorship registration is a popular type of enrollment of unregistered business institutions owned, managed, and operated by a single person.  The sole proprietorship is the “One Man Business Entity”. All the investments for the business with sole proprietorship registration are done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business, as well as its management, is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. This type of business is easy to start but can also hamper your growth with time. After all, it’s difficult to build a big business as a single person. Also, a sole proprietorship registration cannot get all benefits of operation as it grows. So, a need to convert the proprietorship into a p...

Company Registration  is the overriding and most important step for any business organization. To protect your business and secure its rights,  company registration  is very essential. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, promotes greater capital contribution and greater stability and increases the company’s perspective to expand and grow. It is very crucial to choose your business structure carefully as the Income Tax Returns will totally depend on it. Thus, before going for  Online company registration , you should have clarity on the kind of business you are into, your goals and objectives since each of these types come with their own legal implications. While registering your enterprise, remember that there are various forms of businesses available that one can register with and each business structure has different levels of compliances that need to be met...

GSTR-9 is an annual return that is to be filed annually by GST registered taxpayers. It is a compilation return that includes all business transactions done for the particular financial year and all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. The main sources of populating GSTR-9 are the GST return filing of, GSTR-1 and GSTR-3B. The form contains a total of 6 parts spread out within 19 tables. Each part asks for details that are easily available from your previously filed return and books of account. ( Note : The government had made the filing of GSTR-9 /9A optional for the financial year 2017-18 and 2018-19 as small taxpayers were facing difficulties from the implementation of GST. Further, in the 43rd GST Council Meeting, dated May 28, 2021, the council decided to amend Section 35 and Section 44 of the CGST Act as per Finance Act, 2021 and the changes will be applicable for the Financial Year 2020-2021. It was also decided that in view of the pandemi...

The Companies Act, 2013 read with relevant rules governs various provisions which a company is required to comply with, and regular and timely RoC filing is a must for smooth maintenance of annual compliance which will keep your organisation away from any legal complications or any unusual consequences. Under this act, numerous forms are prescribed which must be filed by the company with the Registrar of Companies. Some of these forms are to be filed annually by the company, some of them are filed only once after the incorporation of the company while some forms are filed at the happening of an event, such as the auditor’s resignation, change in the name or address of the company, etc. If these events do not take place, then there is no requirement for filing these forms. In this article, we’ll talk about various RoC filing forms applicable to companies every year. Omitting to file any mandatory compliance will lead to a levy of heavy penalty/fees on the company as well as officers in ...

Company Registration  is a primary step for any business organization. To protect your business and secure its rights,   company registration  is very essential. There are various forms of businesses available that one can register with both as a simple owner or a partnership. When we come to the domain of partnership’s  company registration , LLP due to its various advantages and flexible operations has gained more popularity in recent years over the ordinary partnership company registration. Limited Liability Partnership or simply LLP is an alternative business form that provides limited liability to the owners and is comparatively easy to manage and hassle-free. It is allowed under the Limited Liability Partnership Act, 2008. LLP is a unique hybrid combination of a limited and partnership company which provides the advantages of the Company and flexibility of a Partnership firm. The rights and duties of designated partners are governed by the LLP agreement. If you...