Choosing the right structure isn’t just a formality — it defines your tax rules, legal identity, and future growth.

What you need to know:

• Register as Sole Proprietor, Partnership, LLP, or Private Limited Company.
• Registration is the foundation for GST registration, tax filing, and opening a business bank account..
  

  
  Want help setting up? Check our Business Registration services

  
  
  

  1. GST Registration is Non-Negotiable

If your turnover crosses ₹20–40 lakh (based on business type), you must register for GST.

Here’s the deal:

• Compulsory under the goods and services tax (GST) system
• Required for e-commerce sellers and inter-state suppliers
• Know your GST registration charges before you apply
• Opt between regular and composition schemes
• Helps with ITC, compliance, and transparency

2.Income Tax Filing Isn’t Optional

Whether you’re a freelancer, trader, or a startup — income tax filing applies if you earn taxable income.

Why it matters:

• Mandatory annual e-filing of income tax
• Accurate submission using Form16, 26AS, and TDS details (like 194H)
• Know the difference between the new income tax slab, the old tax slab, and 115BAC
• Helps avoid notices from the income tax department

We also help you calculate income tax correctly and ensure a smooth e-filing with zero errors.

3. TDS & Advance Tax Compliance

If you’re paying rent, salaries, or commissions — TDS (tax deducted at source) rules apply.

Quick checklist:

• Deduct, deposit, and file TDS returns quarterly
• Applies even to small businesses and professionals
• Errors can lead to heavy interest and penalties

  4. Stay Booked — Literally

Clean books aren’t just for audits — they keep your business ready for investors, banks, and government checks.

With LegalSathi & Co., stay on track with:

• Monthly reports
• GST and income tax reconciliation
• Capital gain tracking (e.g., capital gain on sale of property)

Need Help Staying Compliant?

From e filing services to helping you understand which p tax slab applies to your case, LegalSathi & Co. handles it all. We’re your go-to for online legal India services — accurate, affordable, and on time.