VAT Registration

VAT Registration

The VAT Registration is the tax registration needed for the manufacturing goods and the business trading in India. The Value Added Tax (VAT) registration replaced the Sales Tax and it is synonymous or identical with the TIN Registration and CST Registration. The Value Added Tax is the multi stage tax among provision to allow the ITC (Input Tax Credit) on the tax at the earlier stage that will be appropriated opposite Value Added Tax liability on the Subsequent sale. For this reason, the Value Added Tax is the ultimately borne through the customers.

The VAT is collected by State government of India so that the ever state government in the Indian country has the different types of the rules. The TIN number sales tax registration is compulsory and must for all the states in the India. The process of the registration, rules of the registration and the application fees is varied based on the type of the state in the India. The 11 digit number is issued to the people to offer the completely identification and the proof of the business. This number is come for the TIN number or CST number and VAT number.

Standard Registration

In 20 to 35 days Inclusions:

  • Document Preparation
  • Application Filing
  • Application Processing
  • 11-digit TIN Number

VAT Process:

VAT/TIN/CST RegistrationVAT ApplicationApplication ProcessingVAT Registration
The SSP Associates offer the TIN number sales tax registration within the fourteen days to twenty days. This time is completely based on the government processing time. This based on the state in the India, the SSP Associates help to understand the process, to apply and prepare for the VAT Registration. If you are application is prepared or submitted to the government means which is go for the verification. The Tax department is to verify the application of the people. Once the process is completed, the Tax department of India issue the Vat registration for you is business. The 11 digit number is issued for the person that is same as the TIN Registration and CST Registration. This is the authority of your trade business and for the production of the goods and products.

Frequently Ask Questions(FAQs)

 

What is DIN?
The Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become one. A person has only one DIN, no matter how many companies he/she holds the position of director in.
What is DSC?
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. As all documents needed for company incorporation are electronic, partners need a DSC. It is a digital file stored on a USB Token.
What are common reasons for rejection of DSC/DIN?
Do not abbreviate names, make any spelling mistakes or include prefixes. Also, if you're providing a utility bill as address proof, ensure that it's the latest and is in your name.
How many people are required to incorporate a private limited company?
To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have upto a maximum of fifteen Directors. A minimum of two shareholders and a maximum of upto 200 shareholders are allowed in a private limited company.
What are the requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company.
What are the documents required for registration?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
How long will it take to incorporate a Company?
sspassociates.in can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
What do I need to quickly incorporate my Company?
To incorporate a Company quickly, make sure the proposed name of the Private Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.
Do I need to be physically present during the company registration process?
No, as all documents are filed electronically, the entire process of incorporation is now online. For nearly all the required documents, scanned copies would do. We may, however, ask for hard copies of some documents, too, with the necessary attestations. These can be couriered.
What is VAT?
VAT is value added tax, a tax levied on the sale of goods in India. Each State in India has unique VAT Regulation and different tax rates are applicable for different types of products. Therefore the VAT Tax Rate and Exemptions will be unique to each State and type of goods sold.
Who has to pay VAT?
VAT is ultimately borne by the end consumer. At each stage, the person purchasing the goods must pay VAT and is allowed to set-off the VAT paid against the VAT liability on subsequent sale. Thereby making the end consumer pay the VAT.
What is the VAT rate?
The VAT rate will depend on the type of goods being sold and the State in which the goods is being sold. Therefore, it would be best to check with the local Sales Tax Office for the appropriate tax rate applicable for the goods to be sold.
What is VAT registration?
VAT Registration is a State level registration for paying VAT, which is mandatory for manufactures and traders having an annual turnover of more than Rs.5 lakhs in most states (Rs.10 lakhs in some states). VAT Registration gives the manufacturer or trader a unique 11 digit number that would be required for subsequent VAT Compliance, VAT Filing and other matters incidental to VAT or Sales Tax or Central Sales Tax.

Who We Are?

We SSP ASSOCIATES is a dynamic and progressive partnership firm of Company Secretaries, deliver value through a dedicated team of professionals with extensive experience across a broad range of disciplines and our knowledge of corporate governance, corporate affairs, corporate management & restructuring, collaborations, strategic planning...

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