Earning money is difficult no doubt. However, it is the process of informing the government that happens to be troublesome. While handling the process of Income tax returns has been considerably simplified thanks to the advent of software and online help, it is the prospect of doing business legally in India that fills you with trepidation. With so many new rules to contend with, you are sure to be lost and left feeling apprehensive of being caught on the wrong foot.
Fret not! You can now avail the services of companies that try to simplify the entire process by providing able assistance at every turn. You can, therefore, find means of PAN card online registration thereby giving your income and expenditures clear and above board. The Income Tax Department would not be able to fault you as you will have PAN Number handy and willing to provide it for running your business.
Unfortunately, the newly started policy of paying GST has left many SMBs in jeopardy. Well, you do not have anything to worry about now for you can definitely become a recognized supplier of products and/or services by opting for online GST return filing. You will not only be able to expand your business well beyond your state via this move but also claim tax credits now.
First things first though! You need to have a well-established business entity to continue to earn profits by selling your wares or services. You may be toying with the idea of becoming an entrepreneur and have roped in your friend. Do not dither to apply for Pvt ltd company registration ASAP for it will you to earn recognition as a business entity without having to consider complying with numerous legalities.