Technology

3 Legal Registrations Required for Tech Site

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Nowadays sell on the online market is increasing. The process of buying and selling is natural on an online platform like Flip cart, and Amazon. If you are planning a startup of Tech site, then you should register your tech site with crucial legal registration so in future there will no problem arises for your business.

Following 3 legal Registration required for Tech site:

Udyog Aadhar

Concepts of Udyog Aadhar came in 2015 for replacement of registration under Micro, Small and Medium Enterprises. Udyog Aadhar is mandatory for all small startup. Udyog Aadhar certificate is issued by the Ministry of Micro, Small and Medium Enterprises. Udyog Aadhar is 12 digit unique numbers which can be used as legal proof. Udyog Aadhar Registration is mandatory for those who want to take benefits from the government schemes without obtaining Udyog Aadhar you will not get benefits from the government schemes. After acquiring Udyog Aadhar you will get many benefits like a loan on low-interest rates, subsidies from the government, you can present your product in the foreign nation, and you may get government funding in your business. So Udyog Aadhar is must for you. The process of registration is entirely online, and it does not require any documentation. The process is very simple you can obtain Udyog Aadhar by applying online single page form. You have to submit your personal and professional details like Aadhar details, PAN details, and other required details. If you want to take benefits from the government schemes, then you should register your tech site with Udyog Aadhar.

TAN Registration

Tax Deduction and Collection Account Number (TAN) is ten digit unique numbers which are issued by the Income Tax department of India. It is allotted to those who are supposed to deduct tax at source or TDS. It is a very important document for business. TAN Registration can be done online. You have to submit an online application on the official website. Form no.49b is required to provide for TAN. You have to provide your PAN details during registration of TAN. In case of failure of TAN registration when it is needed can attract a penalty. You should register your tech site with TAN.

GST Registration

The concept of Goods and service tax came last year which reform our tax system. Nowadays it is mandatory to get GST identification number form the tax department because without GST Registration entities would not be allowed to collect GST from a customer or claim input tax credit of GST. GST is required for those who conduct business inter-state. GST is must for those whose turnover is more than 20 Lakhs rupees, and in some state, it is 10 Lakhs. As per law GST application should be filed within 30 days from the date on which the entity became liable for registration under GST. Once GST certificate is granted, the registration is valid until it’s surrendered or canceled or suspended. In case of failure of GST registration, you will be liable under GST law, and it is punishable under GST laws.

The process of obtaining GST identification number is easy; you have to submit your application for registration. You can file your application online. During filing of application you have to submit some documents like PAN, business incorporation certificate, identity and address proof of applicant, address evidence for the place of business, bank account details, etc. after submission of form, you will get GST identification number within 7 days from submission date.

Conclusion

Nowadays it is very important for a business to comply with the rules and regulation of the government of India. The government of India requires this above-given registration, you should register your tech company with this high given registration. Udyog Aadhar will help you to build a good structure for your business, and after obtaining Udyog Aadhar, you will get many benefits from the government of India. GST registration is also an important legal registration as it is a punishable offense if you are not registered under GST. And TAN is also required by the Income Tax Department of India. As you can see that all these registrations can be made online for which you have to file your application with required documents. If you are planning a startup of Tech site, then you should consider these things.

Raj Hirvate
Hi, I'm Raj Hirvate and I am a Tech Blogger from India. I like to post about technology and product reviews to the readers of my blog. Apart from blogging i'm a big Anime fan I Love Watching Naruto, One piece and Death Note.

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