Get GST Registration of your Business
What is GST: Expert Solution by Chartered Accountant and Lawyers
What is GST?
Goods and Services Tax is an indirect tax throughout India to replace taxes levied by the central and state governments. It was introduced as The Constitution Act 2017, India. Register at Photon Financial Services' at
photonjournal@yahoo.com for solution of all GST related issues, penalties, tax benefits.
- Having an annual aggregate turnover from operations in a state which is above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States).
- Currently registered under any of the existing indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit.
- Having operations in multiple states (see below).
- Having multiple business verticals in one state (see below).
- Persons making any Inter-State taxable supply (e.g. from Delhi to Maharashtra).
- Casual taxable persons & Non-resident Taxable person.
- Persons who are required to pay tax under Reverse Charge.
- Persons who are required to deduct tax at source.
- Agents of a supplier.
- Input Service Distributor.
- Persons who supply goods or services through E-commerce Operator.
- E-commerce Operator/ Aggregator who supplies services under his brand name.
- Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.
Email 'Photon Financial Services' at photonjournal@yahoo.com for all GST related issues. (Service Tax, Business, Invoice, Price, Audit, Sales, Purchase, Transport, Turnover, Bank Statement, Bank Limit, GST Queries)
The following types of Business entitles are available in India: For creation of these business, contact Photon at photonjournal@yahoo.com
- How to form Private Limited Company in Mumbai and other cities
- How to form Public Limited Company in Bengaluru, India
- How to form Unlimited Company in Delhi and other cities of India
- How to form Partnership Firm in Pune, Surat, Ahmedabad, Jaipur and other metro cities
- How to form Sole Proprietorship
- Photon Financial Services provide offices in different
states for GST.
In addition to the above legal entities, the following types of entities are available for foreign investors/ foreign companies doing business in India:
- How to form Liaison Office in India
- How to form Representative Office in India
- How to form Project Office in India
- How to form Branch Office in India
- How to form Wholly owned Subsidiary Company in India
- How to form Joint Venture Company in India
What is a Private Limited Company? Contact Photon at photonjournal@yahoo.com
A Private Limited Company is a Company limited by shares in which there can be maximum 200 shareholders, no invitation can be made to the public for subscription of shares or debentures, cannot make or accept deposits from Public and there are restriction on the transfer of shares. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium thereon in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 2. For Details : contact Photon at photonjournal@yahoo.com
.
What is a Public Limited Company? contact for creation Photon at photonjournal@yahoo.com
A Public Limited Company is a Company limited by shares in which there is no restriction on the maximum number of shareholders, transfer of shares and acceptance of public deposits. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium thereon in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 7.
.
What are the advantages of a Limited Company? contact for creation Photon at photonjournal@yahoo.com
A limited company has following advantages:
- Members' (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares.
- The management structure is clearly defined, which makes it easy to appoint, retire or remove directors.
- If extra capital is needed, it can be raised by selling more shares privately.
- It is simple to admit more members.
- The death, bankruptcy or withdrawal of capital by one member does not affect the company's ability to trade.
- The disposal of the whole or part of the business is easily arranged.
- High status.
What are the disadvantages of a Limited Company? contact for creation Photon at photonjournal@yahoo.com
A limited company has following disadvantages:
- Requirement to register the company with the registrar of companies and provide annual returns and audited statement of accounts. All details of the company are available for public inspection so there can be no secrecy. There are penalties for failing to make returns.
- Can be more expensive to set up.
- May need professional help to form.
- As a director, you are treated as an employee and must pay tax.
- The advantages of limited liability status are increasingly being undermined by banks, finance house, landlords and suppliers who require personal guarantees from the directors before they will do business.
How to Register your NGO or Company?
contact for creation Photon at photonjournal@yahoo.com
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