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CA Services offered by CA Firm Balakrishna & Co Chartered Accountants

With over 30 years of experience in providing CA services to small and medium enterprises (MSME), Balakrishna & Co, Chartered Accountants, help in choosing right form of business registration in Bangalore after understanding the business need, taxation impact on the registration, future expansion plan, ownership structure which will best suit to their business need.

A. Incorporation or Business registration services in Bangalore

Starting a business in India requires one to choose a type of business entity. In India one can choose from five different types of legal entities to conduct business. One can choose any one of the following business entity depending on various factors such as taxation, owner liability, compliance burden, investment and funding and exit strategy.

Following are the business entity that can be registered in Bangalore

  • Sole Proprietorship Firm
  • Partnership Firm
  • Limited Liability Partnership (LLP)
  • Private Limited Company
  • One Person Company (OPC)

Let us look at the each of the business entity which we can help you in getting registration in Bangalore.

Sole Proprietorship Firm registration in Bangalore

This is one of the easiest ways of establishing the business in India. Sole proprietorship firm doesn’t need its own Permanent Account Number (PAN). The PAN of the owner or Proprietor acts as the PAN for the Sole Proprietorship firm. Licenses, permissions and registrations with various government organisations are required based on their business need. For example, if you provide services, service tax registration is applicable. Similarly, if you trade in goods, VAT registration is required.

Balakrishna & Co., Business Registration consultant in Bangalore help you in setting up of Sole Proprietary firm. Write to us on Contact us to register Sole proprietary firm

Partnership Firm registration in Bangalore

A partnership firm in India is governed by The Partnership Act, 1932. Two or more people can enter into an agreement with a deed of partnership and form a Partnership firm subject to maximum of 20 partners. A partnership firm can be register with Registrar of Firms (ROF). Though registration is not mandatory, it provides some legal protection to partners in case they have differences between them.

We can assist you in drafting partnership deed as well as Partnership Firm registration with the registrar of firm within the jurisdiction of Bangalore.

Limited Liability Partnership (LLP) in Bangalore

A Limited liability Partnership is a business entity that can be incorporated as per Limited Liability Partnership Act 2008. It can be started with minimum two persons and has no upper limit on the number of partners. A Limited Liability Partnership combines the advantages of both the company and partnership into a single form of organization. Basic advantage of LLP is to provide a form of organisation which is simple to maintain while at the same time providing limited liability to partner.

We are specialised consultant for LLP Registration in Bangalore and help you complying statutory compliance required under per Limited Liability Partnership Act 2008

Private Limited Company Registration in Bangalore

Private Limited Company is governed by The Company Act 2013 and it is most popular corporate entity amongst small and medium enterprises in India. A private limited company can be formed by registering the company name with the Registrar of Companies (ROC) of the state in which company’s registered office situates.

Balakrishna & Co assists start-ups to register Private Limited Company in Bangalore and ROC (MCA) compliance required under The Companies Act 2013.

One Person Company (OPC)

One person company (OPC) is a new form of business entity and governed by The Companies Act, 2013. Only an Indian citizen and resident in India shall be eligible to form one person company that allows him to operate a corporate entity with limited liability protection. OPC is a separate legal entity from its owner.

We can assist in getting One Company Registration in Bangalore

B. Post Incorporation Services and Registrations in Bangalore

Apart from Business or entity registration, we also assist start up in all statutory registration, licences and permissions necessary for starting business in India such as Karnataka Vat Registration, service tax, professional tax, shops and establishment, MSME registration, BBMP licence, IEC, ESI/PF etc.

Following are the licences, permissions or registrations are required for starting business depending upon the nature of business.

  • PAN /TAN
  • Karnataka VAT and CST and Entry Tax registration
  • Service Tax Registration
  • Professional Tax Registration
  • Karnataka Shops and Establishment Registration
  • Import Export Code
  • MSME Registration
  • ESI/PF Registration
  • STPI Registration
  • Non STPI Registration
  • Trade Mark

Let us look at the each of the licences, permissions and registration which we can help you in getting it in Bangalore

PAN /TAN

Permanent Account Number (PAN) is a unique identification 10 digit number allotted to each tax payer ie Company, LLP, Firm, Individual, HUF, society, trust etc.

Tax deduction and collection account Number (TAN) is a ten digit alphanumeric number allotted to those who are supposed to deduct (TDS) or collect tax at source (TCS). Getting TAN number is very important for business entity deduction or collecting tax as it is required to make payment of TDS and TCS.

Karnataka VAT and CST and Entry Tax registration in Bangalore

VAT (Value Added Tax) is a multipoint tax levied on every sale of goods in the State by a dealer. VAT is collected by the dealer and the same is remitted to the Government. So, those entities who sell goods in the State of Karnataka have to register with Commercial Tax department of Karnataka.

Registration will be compulsory for dealers having a turnover (sale of goods) that exceeds or likely to exceed Rupees 10,00,000/- during a financial year or if the taxable turnover exceeds 83,000/- in any one month, then such a dealer has to get himself registered.

The person who is dealing in interstate purchase and sale is required to register for Central Sales Tax Act. There is no separate registration for CST. There is a combined application for registration under KVAT, CST and entry tax.

Balakrishna & Co also deals in indirect tax consultation in Bangalore, helps you in getting VAT Registration, CST Registration in Bangalore apart from statutory compliance required under Karnataka Value Added Tax Act.

Service Tax Registration in Bangalore

Every person providing a taxable service of value exceeding Rs. 9,00,000/- or more has to obtain Service Tax registration with the central excise or service tax office having jurisdiction over the office of such service provider.

If a person provides taxable services in multiple location, he can obtain centralized registration of that premises or office which has centralized billing system or centralized accounting system.

Professional Tax Registration in Bangalore

Professional Tax is a tax levied by the state governments in India on income earned from Salary or income from a profession such as Lower, Chartered Accountants, and Doctors etc. Professional tax in Karnataka is levied under the “Karnataka Tax on Professions, Trade, Callings and Employment Act 1976”

Karnataka Shops and Establishment Registration

The Karnataka Shops & Commercial Establishments Rules, 1963, provides for the regulation of conditions of work and employment in shops & commercial establishments in the State of Karnataka. The Act regulate the hours of work, wages and compensation, annual leave with wages, employment of women and children and other aspects of shops and establishment in Karnataka.

mport Export Code (IEC Code)

Import Export code or IE code is a registration required for persons importing or exporting goods and services from India. It is a ten digit number allotted by Directorate General of Foreign Trade under Ministry of Commerce and Industry to person or company importing or exporting goods in India.

Balakrishna & Co., can help your business obtain Import Export Code (IEC Code) in Bangalore in 5 to 7 working days subject to Government processing time.

MSME or SSI Registration

Any enterprises falling under micro, small and medium category can get MSME registration to avail various incentives provided under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. MSME registration can be obtained for manufacturing as well as service enterprises. Though the MSME registration is not mandatory, it is beneficial for business as it provides a range of benefits ie eligibility for lower interest rate, power tariff concession, excise exemption, tax subsidies, subsidy for capital investment etc.

We can help you in obtaining MSME Registration in Bangalore to avail host of benefits.

ESI Registration

Employee State Insurance (ESI Registration) Registration is mandatory for entity employing 20 or more employees. ESI contribution (Contribution of 4.75% by employer and 1.75% by employee) is mandatory for employees whose earnings is less than Rs. 15,000/- per month. ESI Registration and contribution is governed by Employees’ State Insurance Act 1948. ESI fund is managed by ESI Corporation and Employees registered under the ESI enjoy a range of benefits such as medical treatment for himself as well as their family member including full range of medical, surgical and obstetric treatment, supply of all drugs, ambulance services, super-specialty consultation, etc.

We can help you in getting ESI registration in Bangalore and other compliances under ESI Act.

PF Registration

Employee Provident Fund (EPF Registration) registration apples to an establishment employing 20 or more employees and engaged in any of the 188 Industries/class of establishments specified. EPF provides social security benefits to employees of establishments on which EPF Act applies. The employer of an establishment on which the Act is not applicable can also apply for a code number if he and a majority of his employees have a written consent.

We can help you in getting EPf registration in Bangalore and other compliances under EPF Act.

STPI Registration

The STP scheme is a 100 percent export oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media. STP/EHTP scheme is design to promote software and electronic hardware exports from India. To avail the benefits any software, electronic hardware unit who propose to export 100% of their production has to register with STPI.

Balakrishna and Co can help you in obtaining STPI registration in Bangalore and in complying STP scheme.

Non STPI Registration

Any company, partnership firm, proprietorship which is into development of Export oriented Computer Software or IT Enabled Services (IT/ITES) can register itself as NON-STP unit under STPI to avail Softex certification. In order to become a NON-STP unit under STPI, the company has to get register itself with STPI. As per RBI norms any company who does IT/ITES exports through Data communication links needs to submit the Softex Form for certification.

Balakrishna and Co can help you in obtaining STPI registration in Bangalore as well and help in availing Softex Certification.

Trade Mark Registration

Trademark refers to a protection that is granted towards the use of your business name, brand name, tag lineor your business logo. On making an application, you can use “TM” against the matter trademarked. On receiving the confirmation of registration, you can use (R).

We Balakrishna & Co. chartered accountant firm in Bangalore, with the help of qualified IP Consultants, work to protect your brand and trademark and get Trade Mark registration

C. Tax and other Statutory Compliance

Annual Tax and Statutory Compliance

  • Filing Income tax return
  • Filing annual Service Tax return
  • Filing VAT 240
  • Professional Tax Return
  • RBI Annual Return
  • Filing annual ROC Return
  • LLP annual Return

Half Yearly Tax and statutory compliance

  • Filing Half Yearly Service tax Return

Quarterly Tax and statutory compliance

  • VAT filing
  • eTDS &TCS Return

Monthly Tax and statutory compliance

  • Filing VAT/CST Return
  • ESI/PF Return

ROC/MCA Compliance

  • Company Secretarial Services
  • Change of Name
  • Change of Registered Office
  • Change of Directors
  • Increase in Capital
  • Share Transfer
  • Closing of Company

Accounting and Payroll Services

  • Book Keeping and Accounting Service
  • Virtual CFO and Support Service
  • Cloud Based Accounting Service
  • Quick Book Based Accounting service
  • Payroll Processing & Maintenance

Other Service

  • Digital Signature
  • Service Tax Refund
  • Transfer Pricing Service
  • Services for Start-ups and small and medium enterprises
  • 15CA, CB Certification Services
  • Closure of Company, Registration with govt authorities
  • Issuance of Lower Tax deduction certificate from Income Tax department
  • Liaoning with Various Tax Departments
  • Tax Planning

Mail your requirement to – contact@balakrishnaandco.com

Want to consult us?

  • Ph: 9845721255 / 9448080886,
  • Balakrishna & Co|Chartered Accountants,
  • # 24,3rd Floor, Above State Bank of India,
  • 10th Cross, Wilson Garden, Bangalore - 27.

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