Handout

List of Required Registrations

Country: India

1. CONTEXT

Depending on the nature and type of business, all businesses are required to obtain different licenses and
registrations. Here’s a list of the major requirements for business entities, their issuing authority, and the
time within which a legal entity is required to complete the registration process.

2. REQUIRED REGISTRATIONS
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1. Permanent 2. GST 3. Shops and 4. Trade 5. Professional 6. Micro

Account Establishment License Tax Small
Number Act Medium
(PAN)/ Tax Enterprise
Deduction (MSME)
Account Act
Number (TAN)
Entities
providing Employers
Requirement All legal All legal All legal
services or and MSMEs
for entities entities entities
selling professionals
goods
Central
Board of
Respective Respective Respective Director
Issuing Income tax Indirect
State State State of
authority Department Taxes and
Governments Governments Governments Industries
Customs
(CBIC)
When
annual
turnover
Before Within 30 Any time
After or exceeds Within 30
Time of commencem days of after
along with INR 20 days of
registration ent of employing incorporat
incorporation Lakhs (INR operation
operations staff ion
10 Lakhs
for NE
India)

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 Handout
List of Required Registrations
Country: India

Note:
Some guidelines that will help you along the long journey of entrepreneurship are:
1. Be honest and meet timelines for completing the relevant paper work for your legal entity. For
example, obtaining PAN card, filing and paying GST on time.
2. Be detail-oriented and read through all the paper work before you sign on the dotted line.
3. Be patient with authorities and do not be afraid.
4. Be curious, don’t give up, and ask questions.
5. Refer to experts for advice and for a final go-ahead.
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3. PAN REGISTRATION

PAN is a 10 digit alphanumeric number, issued in the form of a card, by the Income Tax Department. PAN
acts as an identifier and enables the department to link all transactions to a taxable entity.
Procedure:
1. Online application form 49A is to be filed by the entity which wishes to apply for PAN.
2. On confirmation, unique acknowledgement number is displayed.
3. Send the acknowledgement duly signed, along with a demand draft (if any), proof of identity, and
proof of address to:
Income Tax PAN Services
NSDL e-Governance Infrastructure Limited
5th Floor, Mantri Sterling
Plot No 341, Survey No 997/8
Model Colony,
Pune – 411016

*These should reach NSDL within 15 days from the date of online application.
4. The PAN application acknowledgement is signed by the following authorized signatory:
a. Director in case of company
b. Partner in case of partnership firm/LLP
5. If Aadhar number is entered, submit proof of Aadhar along with supporting documents to NSDL e-
gov.
6. Payment for processing PAN application is through any one of the following:
a. Demand draft
b. Net banking
c. Credit/debit card

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 Handout
List of Required Registrations
Country: India

4. GST REGISTRATION

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic
consumption.
Procedure
1. Take Provisional ID and password from the concerned dept.
2. Visit www.gst.gov.in
3. Click the NEW USER LOGIN tab.
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4. Enter your Provisional ID and Password, and click LOGIN.

5. Enter your email id and password. Click CONTINUE.
6. You will receive two OTPs (One time passwords), one on your mobile and another by email.
Enter both the OTPs and click CONTINUE.
7. Select and enter a username and password. Note these down for future reference.
8. Click CONTINUE.
9. Enter the details of your business and upload the registration certificate.

5. SHOPS AND ESTABLISHMENT REGISTRATION

All shops and establishments operating within each state are covered by the respective State’s Shops &
Establishments Act. Each state has its own independent form and site for registration. In some states, a
physical registration form will need to be submitted.
Procedure:
1. An application has to be submitted within 30 days of starting operations, along with the
prescribed fees and following information:
a. Name of employer/manager on premises
b. Postal address of the establishment
c. Name of the establishment
d. Other details as deemed necessary
2. On receiving information, the accuracy and correctness is verified and the registration is
completed.

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List of Required Registrations
Country: India

6. TRADE LICENSE

Trade license is a document that gives permission to carry on the particular business against which it is
issued. Each business entity is required to have a trade license. It is a means to ensure that the business is
carried out according to relevant rules, norms, and standards.
Procedure:
1. An application in the prescribed form has to be submitted to the respective State authorities.
2. The application has to be accompanied by:
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a. Documents showing place of business

b. Proof of occupancy
c. MoA and AoA (for companies), partnership deed for partnerships

7. PROFESSIONAL TAX

Professional tax is levied by the State government. It is levied on the income earned by anyone employed
and is paid by the employer.
Procedure:
1. Application form has to be sent to the respective license departments of the Corporation
within 30 days of employing staff for the business.
2. After submitting the form, a registration number is generated.
3. Mention the registration number in the challan for depositing Professional Tax.

8. MSME REGISTRATION

Consider the scale of the business operations, consider if it is beneficial for the start-up to get registered
under the MSME Development Act, 2006 as an MSME.

Consult an expert for details.

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List of Required Registrations
Country: India

9. OPENING A BANK ACCOUNT

Opening a current account in a bank is crucial for obtaining licenses and registrations, and for the
day-to-day operations in a bank.

The procedure for a couple of banks is mentioned below. Note that the procedure does not vary greatly
from one bank to another. Feel free to go through the details provided in the web site of the bank of your
choice.
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https://www.icicibank.com/business-banking/current-account/documentation.page

https://www.hdfcbank.com/assets/pdf/Valid_list_of_documents_for_Sole_Proprietors.pdf

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