Licenses & Registrations

Licenses and Registrations form an integral part of any law and order system. There are several statutory licenses & registrations which are required to be taken for any business organization.
However, there are certain industry specific licenses and registrations which are required to be taken according to the applicability of laws and rules.
Vyom Tax Compliance’s team of professionals is competent in obtaining such licenses and registrations for our clients in timely and effective manner.

At Vyom Tax Compliance we provide following licenses & registration services to our clients:

GST Registration

GST Registration is applicable on entities which fall under threshold limits as prescribed under the GST Act.

Applicability:

Under Goods and Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it is an offence under GST.
Team Vyom Tax Compliance can help you obtain GST Registration in faster and easy manner.

Society Registration

Any seven or more person associated for any literary, scientific, or charitable purpose, or for any such purpose as is described in the Act, may, by subscribing their names to a memorandum of association, and filing the same with Registrar form themselves into a society under this Act.
We at Vyom Tax Compliance have successfully registered residential Societies, Tax Bar Associations, and such other Societies successfully in the State of Haryana.

Advantages/ Benefits

1.   legal status
2.   Tax exemption under Income Tax Act
3.   Assistance in opening bank accounts
4.   Assistance in legal proceedings etc.

Trust Registration

The Trust is usually referred to as a legal arrangement where the Trust’s owner transfers the property to the concerned Trustee (i.e. beneficiary).
A trustee, selected by the grantor, is liable for administering the Trust & distributing his/her assets to the designated beneficiaries selected by the grantor when the Trust is set up.

There are various types of Trust in India, such as;

  • Revocable
  • Testamentary
  • Irrevocable
  • Charitable
  • Public Trust
  • Private Trust
  • Public-cum-Private Trust

Benefits:

  • Provide legal status
  • Tax Exemptions
  • Freedom to accept funds and donations
  • Ease in property acquisition
  • Trusts are eligible to apply for 80G certificate benefits
  • Administrative autonomy

FSSAI Registrations & Licenses

Food industry is the fastest growing industry in the current scenario. Food manufacturing, restaurant services are the fastest growing businesses. These businesses require FSSAI Registration/ License based upon their Turnover, Quantity of Goods Manufactured and Type of Business.
The Eligibility criteria can be accessed through https://foscos.fssai.gov.in/

Experts at Vyom Tax Compliance are proficient to obtain

  • FSSAI Registrations,
  • State Licenses &
  • Central Licenses

IPRs

Intellectual Property is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property. The best-known types are copyrights, patents, trademarks, and trade secrets.
We at Vyom Tax Compliance through our competent Trademark Attorneys are well-versed in registering Trademarks, Patents, and Copyrights etc.

Our expertise lies in

(i) Trademark Registration
(ii) Trademark Renewal
(iii) Trademark Objection
(iv) Trademark Rectification and other Miscellaneous Replies

Udyam (MSME) Registration

In order to provide several benefits to MSMEs, the Ministry of Micro, Small, Medium Enterprises has revamped the registration process for MSME Registration called as“Udyam Registration”.This is a unique identification number which is obtained on self-declaration basis.
Udyam Registration is completely paper-less and is completely free. There is no Government cost involved in obtaining Udyam Registration.
GST Number, PAN Card & Aadhaar Card is mandatory for obtaining Udyam Registration.

Benefits:

1.   Upon Registration, the enterprise becomes eligible for priority sector lending from Banks.
2.   This is a one-time Registration and requires no renewal.
3.   The Udyam Registration may also help MSMEs in availing the benefits of Schemes ofMinistry of MSMEs such as Credit Guarantee Scheme, Public Procurement Policy etc.
4.   Along with the Udyam Registration, Enterprises may register themselves on GeM&SamadhaanPortaland simultaneously MSMEs themselves can also onboard on TReDS Platform,through three available platforms i.e.
1. www.invoicemart.com
2. www.m1xchange.com
3. www.rxil.in.

We at Vyom Tax Compliance provide our services not only in obtaining Udyam Registration but also help the enterprises in obtaining the other benefits listed above under schemes available for MSMEs.

IEC Registration

Salient Features:

IEC Code is a Code required by importers to clear customs and shipment, and to transfer money to foreign banks.
Exporters require their IEC to send shipments and receive money from foreign banks. Therefore, no importer/exporter can operate in India without getting the IEC.
The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal.

Benefits:

  • The IEC registration helps the traders to venture into the global market.
  • The process of obtaining IEC is simple and can be obtained with minimal & basic documents.
  • IEC does not require the filing of any returns.

(i)  Legal Metrology Registration

Legal Metrology is a mandatory registration for many businesses. The Legal Metrology Act brings transparency and accountability. Legal Metrology Act helps manage and reduce the ill effects of weight and measurement errors. Legal Metrology Act is responsible for controlling any unlawful and unfair trade practices.

Legal Metrology Registration can be obtained in the capacity of:

Shops & Establishment Registration

Every state has its own Shop and Establishment Act. The Shop and Establishment Act is regulated by the Labour Department of the respective states.
The Registration can be obtained for offices, godowns, storerooms and warehouses used in connection with the trade or business.
The factories and industries are however, not covered by the Act and are regulated by the Factories Act, 1948 and Industries (Development and Regulation) Act 1951.

Documents required:

Startup India Registration

What is a Startup?

An entity shall be considered as a Startup:

  • If it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India
  • Up to ten years from the date of its incorporation/registration
  • If its turnover for any of the financial years since incorporation/registration has not exceeded INR 100 Crore
  • If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

Benefits:

  • Intellectual Property Rights (IPR)
  • Relaxation in Public procurements norms
  • Self-certification under Labour& Environment laws
  • Faster exit for Startups
  • Income Tax Exemptions for 3 consecutive years
  • Faster exit

We at Vyom Tax Compliance provide Startup India Registration Services to the entities whose businesses are eligible for Startup India Registration.

ESI Registration

ESI is an autonomous organization under the Ministry of Labour and Employment, Government of India. It is a self-financing social security and health insurance scheme for Indian workers.
ESI Registration is mandatory for every factory and specified establishments who have 10 or more permanent employees and wages of such employees are less than Rs. 21,000/- per month.

The following establishments employing 10 or more persons attract ESI registration:

  • Shop
  • Hotels or restaurants not having any manufacturing activity, but only engaged in 'sales';
  • Cinemas including preview theaters;
  • Road Motor Transport Establishments;
  • Newspaper establishments. (that is not covered as a factory under Sec.2(12));
  • Private Educational Institutions and Medical Institutions

PF Registration

Employees Provident Fund is a scheme for the Indian Employees. The Employee Provident Fund is regulated under the umbrella of Employees Provident Fund Organization popularly known as EPFO.
All establishments that have employed 20 or more than 20 employees can apply for PF registration in India.

Have questions for us? Send your questions by filling up the query form.

Disclaimer:

The information on this website is for general informational purposes only. Vyom Tax Compliance Private Limited makes no representation or warranty, express or implied. Your use of the site is solely at your own risk. This site may contain links to third party content, which we do not warrant, endorse, or assume liability for.

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