After completing the registration process a business can be run in India, but after that comes the main part, also known as post-registration formalities. These formalities are:
Audit: Every business has to make sure that the books of accounts are properly and ethically maintained. Businesses do this work under the auditing process that all businesses in India need to perform.
Filing Income Tax Return: This is the moral duty that all individuals have to perform for conducting their businesses. Therefore, in India, it is necessary for all businesses to pay Income Tax return by 31st March every financial year as per the Govt. Norms.
Filing GST return: As stated earlier, businesses need to be registered and file GST return as per the guidelines provided by the Government.
Compliance with TDS: TDS or Tax Deducted at Source falls under the Indian Revenue Services and is collected by the Central Board of Direct Taxes. As per the guidelines of the Indian Government, every business needs to compile with TDS.
Business set-up services take care of all these formalities from beginning to end that make starting a business in India easy.
if you any Questions about set-up Business in India, Feel Free Contact us we are happy to assist you.