Registrations
Permanent Account Number (PAN) is a ten-digit alphanumeric identification number allotted to every taxpayer. It is mandatory to quote PAN on return of income and other important financial transactions.
Tax Deduction Account Number (TAN)
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Under Section 203A of the Income Tax Act, 1961, it is mandatory to quote Tax Deduction Account Number (TAN) allotted by the Income Tax Department (ITD) on all TDS returns
GST Registration
In the GST regime, every business whose taxable turnover exceeds the threshold limit as prescribed by the Government of India time to time has to register as a normal taxable entity. This process is termed as GST registration.For some business organizations even if the taxable turnover does not exceed the GST registration is compulsory. If the GST registration is not done then it is taken as an offense under GST laws and also heavy penalties are levied for not doing so.So to avoid the levy of penalties and comply with the GST law Chris Associates provide the services for GST registration:
Professional Tax
Professional Tax is levied by State Governments in India. We are covering the details of Karnataka Tax on Profession, Trade, Callings and Employment Act, 1976 (Call it as PT Act). We help the entities to obtain new registration, amendment of existing registrations, filing of monthly and annual returns, etc. Our team is well versed with Profession Tax matters. In case, you need these services, we would be glad to assist you.
Employees State Insurance
Employees’ State Insurance Scheme of India is a multi-dimensional Social Security Scheme tailored to provide Socio-economic protection to the ’employees’ in the organized sector against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.Our team is well versed with ESIC Act matters. In case, you need these services, we would be glad to assist you.
Employees Provident Fund
The Employees’ Provident Fund (EPF) Organization, a statutory body under the Ministry of Labour and Employment, Government of India administers social security schemes framed under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 Provident Fund, Pension and Insurance to industrial employees.
Any business/establishment with 20 or more employees working in any specified industries should register with EPFO. The establishments can get voluntary registration if the employee strength is less than 20. We help the entities to obtain new registration, voluntary registrations, amendment of existing registrations, filing of monthly and annual returns, etc. Our team is well versed with EPF Act matters. In case, you need these services, we would be glad to assist you.
MSME Registration
Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. MSMEs not only play a crucial role in providing large employment opportunities but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.MSMEs need assistance and help from the Government as they are not equipped with technology and resources like big companies. Hence, the government provides schemes, incentives and rebates to this sector of the economy.
Trade License
The business entities, who are establishing activities listed in Schedule X of Karnataka Municipal Corporation Act, are mandatorily required to obtain Trade License from Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore.
Shops & Establishment Act
THE KARNATAKA SHOPS AND COMMERCIAL ESTABLISHMENTS ACT 1961 provides for the regulation of conditions of work and employment in Shops & commercial establishments in the State of Karnataka.
Every Shop or Establishment carrying trade, business or services within the notified areas of State of Karnataka, compulsorily, within 30 days from starting the business shall register his establishment under this Act.
Import Export Code
Importer Exporter Code (IEC) is a unique 10 digit code issued by Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. To import or export in India, IEC is mandatory without which, no person or entity shall make any Import or Export.However, Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture are exempt from obtaining IEC.