TAN, GEM, SHOP

Proprietorship Partnership

Simplifying your TAN, GEM, Shop, Proprietorship & Partnership registration needs with clarity and care.

Our Services

Helping you with TAN and GEM registrations smoothly.

A friendly consultant assisting a client with tax and government registration paperwork.

TAN Registration

Get your 10-digit TAN number for TDS compliance.

Proprietorship Registration

A partnership is a basic way to start a business.

Shop Registration

Support through every step of your registration.

Partnership Registration

A Sole Proprietorship Firm is the simplest form of business entity in India, owned and managed by a single person.

TAN Registration

Tax Deduction Account Number (TAN) is a 10-digit alphanumeric number issued by the Income Tax Department of India to any person or entity who is responsible for deducting tax at source (TDS) from payments made to others. TAN registration is mandatory for all businesses and individuals who are required to deduct TDS, such as:

Employers who deduct TDS from the salaries of their employees
Businesses that make payments to contractors or freelancers
Banks and financial institutions that deduct TDS from interest payments
Property owners who deduct TDS from rent payments

Benefits of TAN Registration:

There are several benefits to TAN registration, including:

It helps to ensure that TDS is deducted and deposited correctly with the government.
It facilitates the processing of tax returns and refunds.
It helps to avoid penalties and interest charges for non-compliance with TDS regulations.
It is required to open a bank account in India for the purpose of depositing TDS.

Eligibility for TAN Registration:

Any person or entity who is required to deduct TDS is eligible for TAN registration. This includes:

Individuals
Hindu Undivided Families (HUFs)
Partnerships
Companies
Limited Liability Partnerships (LLPs)
Trusts
Associations
Societies
Local authorities
Government departments

Documents Required for TAN Registration:

The following documents are required for TAN registration:

Proof of identity (PAN card, Aadhaar card, etc.)
Proof of address (Aadhaar card, bank statement, etc.)
Proof of business (if applicable)

Processing Time for TAN Registration:

TAN registration applications are typically processed within 7-10 working days. Once the application has been processed, the applicant will receive a TAN certificate in the mail.

Renewal of TAN Registration:

TAN registration is valid for life. However, it is important to note that the applicant must inform the Income Tax Department of India of any changes to their personal or business details, such as a change of address or name.

Consequences of Non-Compliance with TAN Registration:

Failure to register for TAN or deduct TDS correctly can result in the following consequences:

Penalties and interest charges
Prosecution under the Income Tax Act, 1961

Conclusion:

TAN registration is a simple and straightforward process that is essential for any person or entity who is required to deduct TDS. By registering for TAN, taxpayers can ensure that they are in compliance with TDS regulations and avoid penalties and interest charges.

Additional Information:

Here are some additional things to keep in mind about TAN registration in India:

A TAN is not required for deducting TDS from payments made to non-residents. However, non-residents who are required to deduct TDS must obtain a Tax Collection Account Number (TCN).
TAN registration is not required for deducting TDS from payments made to government departments or local authorities.
TAN registration is not required for deducting TDS from payments made to employees who are below the taxable income limit.

If you have any questions about TAN registration in India, you can contact the SRM for assistance.

GEM Registration

What is GEM Registration?

GEM stands for Government e-Marketplace. It is a digital platform created by the Government of India to facilitate procurement of goods and services by government organizations. GEM registration is the process of registering as a seller or buyer on the GEM portal.

Benefits of GEM Registration:

There are many benefits to registering on GEM, both for sellers and buyers. For sellers, GEM provides a platform to reach a large customer base of government organizations. It also helps sellers to reduce their costs and streamline their operations. For buyers, GEM provides a transparent and efficient way to procure goods and services. It also helps buyers to get the best value for their money.

Who is Eligible for GEM Registration?

Any business entity or individual entrepreneur who meets the following criteria is eligible to register on GEM:

Must be a resident of India
Must have a valid PAN number
Must have a valid Aadhaar number (for individual entrepreneurs)
Must have a valid GST number (for business entities)

Documents Required for GEM Registration:

The following documents are required for GEM registration:

PAN card
Aadhaar card
GST certificate (for business entities)
Business incorporation certificate (for business entities)
Bank account details

Different Types of GEM Registration

There are two types of GEM registration:

Seller registration
Buyer registration

Seller Registration

Seller registration is required for businesses and individuals who want to sell goods and services on the GEM portal. To register as a seller on GEM, you must have a valid GST number and a business incorporation certificate.

Buyer Registration

Buyer registration is required for government organizations that want to procure goods and services on the GEM portal. To register as a buyer on GEM, you must have a valid PAN number and a GST certificate.

GEM Registration Validity

GEM registration is valid for one year. You need to renew your registration every year to continue using the GEM portal.

Conclusion

GEM registration is a simple and straightforward process. It offers many benefits for both sellers and buyers.

Document Required:

Gem Registration Partnership Firm

Partnership Deed
PAN card and Aadhar card of all Partners
Email id and mobile number of all Partners

Gem Registration PVT LTD/LLP/Section 8 Other Company

PAN card and Aadhar card of all Directors.
Email id and mobile number of all Directors.

Gem Registration for Individual

Bank statement/Cancel Cheque
Aadhar Card of applicant
Pan Card of Applicant

Shop Registration

Registration Under Shop & Establishment Act

The Shop and Establishment Act (S&E Act) is a state law that regulates the working conditions of employees in shops and establishments. It is mandatory for all shops and establishments with a certain number of employees to register under the S&E Act.

The S&E Act was first enacted in 1953 and has been amended several times since then. The most recent amendment was made in 2016. The S&E Act applies to all shops and establishments in India, except for those that are specifically exempted by the law.

Objectives of the S&E Act

The main objectives of the S&E Act are to:

Regulate the working conditions of employees in shops and establishments
Protect the health and safety of employees
Ensure that employees are paid fair wages
Prevent child labor

Benefits of Registering Under the S&E Act

There are several benefits to registering under the S&E Act. These include:

Legal compliance: Registering under the S&E Act is mandatory for all shops and establishments that meet the criteria. By registering, businesses can avoid legal penalties and fines.
Improved employee relations: By providing good working conditions and benefits to employees, businesses can improve employee relations and reduce turnover.
Increased productivity: A well-motivated and satisfied workforce is more likely to be productive.
Enhanced brand image: Registering under the S&E Act shows that a business is committed to following the law and respecting the rights of its employees.

Documents Required for Registration

The following documents are generally required for registration under the S&E Act:

Application form
Proof of identity of the owner or proprietor
Proof of address of the shop or establishment
Copy of the rental agreement or lease deed (if applicable)
List of employees
Copy of the GST certificate (if applicable)

Validity of Registration

The registration certificate issued under the S&E Act is valid for a period of one year. Businesses need to renew their registration every year.

Penalties for Non-Registration

Businesses that fail to register under the S&E Act are liable to be penalized. The penalty can be a fine or imprisonment, or both.

Additional Information

Here is some additional information about registration under the S&E Act:

The S&E Act applies to a wide range of shops and establishments, including retail stores, restaurants, hotels, offices, and factories.
The S&E Act regulates a variety of aspects of employment, including working hours, wages, leave, and holidays.
The S&E Act also provides for the appointment of inspectors who are responsible for enforcing the law.
Businesses can obtain more information about the S&E Act and the registration process from the office of the Chief Inspector of Shops and Establishments in their state.

Conclusion

Registration under the S&E Act is a simple and straightforward process. It is important for businesses to register under the S&E Act to avoid legal penalties and fines, improve employee relations, increase productivity

Document Required

Registration under Shop & Establishment Act UP/Delhi/Maharashtra

Electricity bill/ Rent Agreement/ Sale deed/ NOC
Photo of Shop along with Owner (there should be name board of shop ), Click with Mobile Phone.
Total No. of Employee with male & female count
Business Name
Commencent of business date
Cancelled Cheque / First page of Passbook/ Bank Statement
Passport-sized photographs
Investment Proof/details, (if any)
Nature of Business
Email Id and Mobile number of applicant
Pan Card of Applicant
Aadhar Card of applicant

Proprietorship Registration

A Sole Proprietorship Firm is the simplest form of business entity in India, owned and managed by a single person. This represents the easiest way to register and initiate a business. All the decisions and management of the business is in the hands of one person.

Advantage of Proprietorship Firm Registration

Let's take a closer look at the benefits of Proprietorship Firm Registration in India:

Minimal Compliances: A proprietorship firm has very minimal compliance requirements which make it much more preferable option than One Person Company.

Easy to start: Sole proprietorship is not governed by any specific law and doesn't require mandatory registration. It is the easiest way to start a business entity.

Lower Cost: The registration costs for a proprietorship are typically lower than those for other business entities, making it a cost-effective choice for small businesses and start-ups.

Complete Control: The owner enjoys complete control over business operations and decision-making. There are no partners or a board to consult, allowing for quick and direct decision implementation.

Registration required for Sole Proprietorship Firm

For a Sole Proprietorship Firm in India, several registrations are advisable to ensure legal compliance and facilitate smooth business operations. Here are three essential registrations:

GST Registration: Goods and Services Tax (GST) registration is mandatory for businesses with an annual turnover above the prescribed threshold. It is essential for collecting and remitting GST on sales and services.

MSME Registration: Micro, Small, and Medium Enterprises (MSME) registration provides various benefits, including access to government schemes, subsidies, and credit facilities. It is recommended for businesses falling within the defined MSME criteria.

Shop and Establishment Act License: The Shop and Establishment Act regulates the working conditions, employment, and other aspects of businesses. Obtaining a license under this act is necessary for legal operation and compliance.

GST Suvidha Kendra helps register your proprietorship seamlessly. Expert guidance, document preparation, and on-going support make the process efficient and affordable. Contact us to start your successful partnership journey today.

Document required

Proprietorship Firm - GST & MSME Registration

Mobile No./Email Id
Bank statement/Cancel Cheque
Passport Size Photograph
Select a location as the place of doing business
Pan card and ID for Address proof of proprietor
Business address proof
Electricity bill Registered office Lease agreement
Self attested Photograph
Choose a business name

Partnership Registration

A partnership is a basic way to start a business. It happens when two or more people work together to create a business and share the profits based on an agreed-upon ratio. Partnerships cover a wide range of businesses and have fewer rules to follow compared to companies.

In India, how partnerships work is guided by a law called the Indian Partnership Act of 1932. People who come together to start a partnership are called partners, and the partnership is formed based on an agreement among them. This agreement is often called a "partnership deed."

Partnership Deed

A partnership deed is a rulebook for partners. It outlines responsibilities, profit-sharing, investments, and the partnership's duration, preventing conflicts. It serves as proof of the partnership and can be used in court to resolve disputes.

Who Can Be a Partner in India's Partnership Firms?

To be a partner in an Indian partnership firm, you should be mentally and legally fit, not underage or insolvent, and not legally restricted from making contracts. Registered firms, leaders of Hindu Undivided Families (HUF), companies, and trustees of specific trusts can all be partners, unless rules explicitly prohibit it.

Advantages of a Partnership Firm

The advantages of a Partnership Firm are listed as follows:

Ease of Formation: Quick and cost-effective setup with fewer formalities.
Varied Skill Sets: Partners bring diverse skills, knowledge, and resources.
Shared Financial Burden: Partners share financial responsibilities and risks.
Tax Benefits: Profits taxed at individual partners' rates, offering potential savings.
Flexible Decision-Making: Partnerships allow for adaptable decision-making.
Greater Access to Capital: Partners can contribute capital, and new partners can be added for additional funds.

Procedure for Partnership Firm Registration

The procedure for registering a Partnership is explained in detail below:

1. Obtain a Digital Signature Certificate (DSC):

Acquire a DSC for all partners from a certified agency.
The DSC is essential for online document signing.

2. Choose a Name for the Partnership Firm:

Select a unique name for the partnership firm.
Ensure the chosen name is not identical or similar to existing companies or LLPs.
Comply with legal naming regulations.

3. Draft the Partnership Deed:

Prepare a partnership deed outlining terms, conditions, and roles of partners.
Include details such as profit-sharing, capital contributions, and other relevant clauses.

4. Apply for PAN and TAN:

Obtain a PAN (Permanent Account Number) for the partnership firm.
Apply for TAN (Tax Deduction and Collection Account Number) for tax-related purposes.

5. Apply for GST Registration :

If turnover exceeds the limit, apply for GST registration.
Obtain the GST identification number for the partnership.

GST Suvidha Kendra helps register your partnership seamlessly. Expert guidance, document preparation, and on-going support make the process efficient and affordable. Contact us to start your successful partnership journey today.