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what is private limited company

rivate Limited Company are registered form of business and it’s popular and in trend now. To start the Private limited company there are Minimum of 2 members and Directors are required. The members can invest in capital from a minimum of Rs. 1 per person and has no limit on the maximum capital which can be Contributed by the members of the Company. The day to day activities are taken care by the Directors of the Company and the major decision are to be taken by the Members or Shareholders of the Company. Starting a private limited companies have various advantages and if you are looking to start a new business venture or to expand the existing business then registration of Private limited Company by Companybanalo.com should be the best option. The start-upIndiainitiative also recommend the Company from of structure and have added tax advantage compared to Partnership Companies. It is easy to fetch investments in share of a Private limited company then compare dto any other unregistered organisations. The shares in the company help investors to get in the company easily and also quit at their convenience.

Benefits of Private Limited Company

Know more about how Private Limited
Company Registration Works

  • Simple form for all taxes
  • Higher compliance
  • Avoid penalty and interest
  • Seamless flow of ITCC

procedure

Know more about how Private Limited
Company Registration Works

1Talk to our executives

2Make the payment

3Submit the Sales and Purchase

4Submit login details

5Return filed

documents required

Know more about how Private Limited
Company Registration Works

Digital Signature, in case of LLP and Company only

GST Registration Certificate

Log-in credentials

Sales and Purchase bills

faq

Know more about how Private Limited
Company Registration Works

Every registered dealer, whether being a normal supplier or otherwise must file the return based on the transactions or activities involved in the business. Non-filing of the same may lead to default and may attract a penalty or additional fees on daily basis. Returns has to be filed for NIL sales and Purchase also.

Tax Payment or any penalty, fees, etc. are accepted through the following modes; Internet Banking NEFT or RTGS This amount shall be credited to the electronic cash ledger of the registered dealer.
If the return is not filed within the due date then the taxpayer is penalized with a late fee of Rs. 100 per day up to a maximum of Rs. 5000/-
No, the return forms are common for CGST, SGST, and IGST. A separate column is available for each of them in the same form and will be filled depending on Intra-state or Inter-state supply.
GSTR-1 return will include details of the outward supplies or sales of goods and/or services by the taxpayer. This return form would capture the following information: Basic details like Business Name along with GSTIN, period for which the return is being filed etc. Details of invoices issued in the previous month and the corresponding taxes to be paid. Details of advances received against a supply which has to be made in future. Details of revision in relation to outward sales invoices pertaining to previous tax periods.
One can say that GSTR 3 is a combined version of GSTR 1 and GSTR 2. As in the case of GSTR-2, GSTR-3 is also prefilled for a taxpayer based on the GSTR-1 and GSTR-2. You just have to validate this prefilled information and make modifications if required.GSTR-3 return will include the following details: Information about Input Tax Credit ledger, Cash ledger, and Liability ledger Details of payment of tax under various tax heads of CGST, SGST, and IGST Taxpayer will have the option of claiming a refund of excess payment or to carry forward the credit.
A small taxpayer with a turnover of up to Rs. 75 Lakhs has the option to opt for the composition scheme. In such a case he would be required to pay taxes at a fixed rate depending on the type of his business (2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers). Although no input tax credit facility would be available. A taxpayer opting for the composition scheme would be required to file a simplified quarterly return that is GSTR-4. He is required to provide only the following details: The total value of consolidated supply made during the period of return Details of payment of tax in the return Declare invoice-level purchase information.
All the normal taxpayers would be required to submit annual return under GST. This is intended to provide complete visibility about the activities of the taxpayer. It will be a detailed return and will capture details of all the income and expenditure of the taxpayer and will regroup them in accordance with the monthly returns. A major advantage of this return will be that it will provide the opportunity to correct any short reporting of activities undertaken. The due date for the return is 31st December following the end of the financial year for which it is filed. And the same has to be filed along with the audited copies of the Annual Accounts.
No, taxes due have to be paid before filing the return for that period otherwise the return will be invalid
No, the GST return cannot be revised. Any changes in details can however be made in the amendment section of the Return form of next period.
CompanyBanalo.com can file the returns in 3 days. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure a speedy registration, ensure that you have all the required documents prior to the starting of the registration process.

why companybanalo.com

Know more about how Private Limited
Company Registration Works

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been
the industry's standard dummy.