Partnership Registration
Starting From INR 2,499/-
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Partnership(Just in Rs. 2,499)
Now, we can define a partnership as a union of two or more individuals who have agreed to share the profits of a business that they run together. Individuals who own a partnership business are individually called partners and collectively they are called firms or partnership firms.
Partnership Registration process
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Advantages of the partnership business
- Less formal with less legal obligations
- Easy to start
- Sharing the burden.
- Knowledge, skills, experience and access to contacts.
- Better decision making.
- Privacy
- Ownership and control are combined.
- More partners, more capital
LLP (Price) (Just in Rs 2,499)
Limited Liability Partnership (LLP) Registration
LLP is different from Normal Partnership Firm. In LLP, Partners have limited liability. LLP was introduced in India in year 2008.
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GST Registration FAQs
Yes, you are required to obtain GST registration once your turnover exceeds the specified threshold limits.
If a business operates from more than one state, the taxpayer should obtain a separate GST registration for each state. For instance, If an automobile company sells in Karnataka and Tamil Nadu, he has to apply for separate GST registration in Karnataka and Tamilnadu respectively.
Small taxpayers who wish to have lesser compliances to deal with and lower rates of taxes under GST, can opt for the Composition scheme,
A trader whose aggregate turnover is below Rs 1.5 crore can opt for the Composition scheme. In the case of North-Eastern states and Himachal Pradesh, the present limit is Rs.75 lakh. Click here to know all about the Composition scheme.
Also, the government extended the Composition scheme to service providers having an aggregate turnover of up to Rs.50 lakhs. Click here to go through the Composition scheme for service providers.
