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SuperCA
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  1. In general, It is optional and it does not require any formal registration as such as it is identified through alternate registrations, such as GST registrations, but a sole proprietor must open a bank account in the name of the business. It is not a corporate or legal entity. As per the law, it isRead more

    In general, It is optional and it does not require any formal registration as such as it is identified through alternate registrations, such as GST registrations, but a sole proprietor must open a bank account in the name of the business. It is not a corporate or legal entity. As per the law, it is not mandatory but banks insist on getting sole proprietorship registered if you want to open a bank account in the name of your business.

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SuperCA
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  1. All the proprietors below the age of 60 will be required to file ITR if the total income exceeds Rs. 2.5 lakhs. If the proprietor’s age is between 60 - 80 years, then he should file ITR only if his income exceeds Rs. 3 lakh. Proprietors over the age of 80 years are required to file income tax if theRead more

    All the proprietors below the age of 60 will be required to file ITR if the total income exceeds Rs. 2.5 lakhs. If the proprietor’s age is between 60 – 80 years, then he should file ITR only if his income exceeds Rs. 3 lakh. Proprietors over the age of 80 years are required to file income tax if the income exceeds Rs. 5 lakh.

    If the person is registered under GST, then he/she also needs to file your GST Return.

    Sole Proprietors need to file the ITR-3 form. It can also be filed by the proprietor online by using the digital signature. In sole proprietorships, A sole proprietor should also deduct TDS and file a TDS return if liable for Tax Audit.

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SuperCA
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  1. As far as Sole proprietorship is concerned, it isn't very easy to raise capital to scale the business. Sole proprietors have limited avenues for raising capital such as Investment of own savings, taking out loans to support the business, advances from commercial banks or borrowing from finance compaRead more

    As far as Sole proprietorship is concerned, it isn’t very easy to raise capital to scale the business. Sole proprietors have limited avenues for raising capital such as Investment of own savings, taking out loans to support the business, advances from commercial banks or borrowing from finance companies. There is no way of Raising Equity Capital.

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SuperCA
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  1. A sole proprietorship business does not need any specific registration. However, the owner is advised to get a few essential registrations to make the business function in a better way like registration in Shop and Establishment Act, a GST registration or a Udyog Aadhaar under MSME We know the factRead more

    A sole proprietorship business does not need any specific registration. However, the owner is advised to get a few essential registrations to make the business function in a better way like registration in Shop and Establishment Act, a GST registration or a Udyog Aadhaar under MSME

    We know the fact that registration in this field is not a cup of tea as the information is always scattered across different sites. Super CA is always here to assist you. Our team comprises legal experts, advisors, professional CAs and CSs who are always there with you in every course of action. We guarantee a hassle-free quick & easy process with 100% accuracy in documents at the minimum possible cost.

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SuperCA
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  1. GSTIN is State Specific therefore you have to take separate state-wise registration for branches in different states. if you are looking for any kind of help regarding online GST registration and GST return filing feel free to visit Superca

    GSTIN is State Specific therefore you have to take separate state-wise registration for branches in different states.

    if you are looking for any kind of help regarding online GST registration and GST return filing feel free to visit Superca

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SuperCA
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  1. The supplier can make interstate sales without any restriction. The supplier can take ITC (input tax credit) on the purchases made. The supplier can provide ITC (input tax credit) to the customers. Only a registered supplier is allowed to register himself as an E-commerce Operator. The supplier canRead more

    • The supplier can make interstate sales without any restriction.
    • The supplier can take ITC (input tax credit) on the purchases made.
    • The supplier can provide ITC (input tax credit) to the customers.
    • Only a registered supplier is allowed to register himself as an E-commerce Operator.
    • The supplier can have access to the larger market. An unregistered supplier is not allowed to make interstate sales.

    For More Online GST Registration visit at Superca

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SuperCA
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  1. Service providers having turnover of Rs 20 lakhs or more and Supplier of goods having turnover of Rs 40 lakhs or more are required to get registered under GST. and for the Spacial states like Assam, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Manipur, Mizoram, Sikkim, and Nagaland Turnover limRead more

    Service providers having turnover of Rs 20 lakhs or more and Supplier of goods having turnover of Rs 40 lakhs or more are required to get registered under GST.

    and for the Spacial states like Assam, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Manipur, Mizoram, Sikkim, and Nagaland Turnover limit having 10 lakhs needs to register for GST

    I hope this will help you to do online GST registration

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SuperCA
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  1. You can find Aggregate turnover with the below methods. Aggregate Turnover = Taxable supplies + Exempt supplies+ Exports+ Interstate supplies Thanks  

    You can find Aggregate turnover with the below methods.

    Aggregate Turnover = Taxable supplies + Exempt supplies+ Exports+ Interstate supplies

    Thanks

     

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SuperCA
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  1. Once you are registered under GST, it is valid for a lifetime. GST registration never expires therefore there is no need to renew it. I hope this will help you with your query related to online GST registration  

    Once you are registered under GST, it is valid for a lifetime. GST registration never expires therefore there is no need to renew it.

    I hope this will help you with your query related to online GST registration

     

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SuperCA
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  1. GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through the e-commerce platform and the amount of TCS collected on such supplies. I hope this will help you, if you are lookRead more

    GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through the e-commerce platform and the amount of TCS collected on such supplies.

    I hope this will help you,

    if you are looking any kind of help regarding online GST registration and GST return filing feel free to visit Superca

    Thanks,

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