What registration are required to start a new business in Rajasthan ?
Starting a new business in Rajasthan necessitates compliance with various registration requirements to ensure legal operation and adherence to regulatory standards. The primary registrations include: 1. Business Registration 2. Goods and Services Tax (GST) Registration 3. Trade License 4. Professional Tax Registration 5. Shop and Establishment License 6. Import Export Code (IEC) 7. Other Sector-Specific Licenses Ensuring compliance with these registration requirements facilitates smooth business operations and legal adherence within Rajasthan. It is advisable to consult with legal professionals or business consultants to navigate specific sectoral regulations effectively.If you want to consult with ourBest CA in Rajasthan, call on Mobile No. 9351023625 or visit our website www.myallbusinessconsultant.com
Who are the people required to file ITR in India ?
In India, Income Tax Returns (ITR) must be filed by individuals, Hindu Undivided Families (HUFs), companies, and firms whose annual income exceeds the basic exemption limit (generally ₹2.5 lakh to ₹5 lakh depending on age). It is mandatory for earners with taxable income, those seeking tax refunds, or those holding foreign assets. According to section-263(1) of Income Tax Act, 2025- Following person shall furnish a return of income for a tax year, on or before the the due date: –
Following Person not required GST Registration
Section 23 of the CGST Act, 2017, specifies categories of individuals not liable for GST registration, primarily those exclusively supplying non-taxable or fully exempt goods/services, or an agriculturist selling produce from land cultivation, even if turnover exceeds thresholds, though the government can exempt others via notification. This section overrides standard registration mandates (like Section 22) for these specific suppliers, allowing them to operate without GST registration. Clarification on GST Registration Exemption for Certain Individuals Certain individuals are exempt from the requirement of obtaining Goods and Services Tax (GST) registration under specific provisions of the law. This exemption primarily applies to those whose activities do not fall within the scope of taxable supplies or who operate exclusively in non-taxable or exempt categories. Categories of Persons Not Required to Register for GST Legal Basis Section 23 of the Central Goods and Services Tax (CGST) Act, 2017, delineates these exemptions, overriding the general registration requirements stipulated in Section 22 for qualifying individuals. This provision ensures that certain small-scale or specific activity-based suppliers are not burdened with compliance obligations unnecessarily. Summary In essence, individuals whose activities involve exclusively non-taxable or exempt supplies, including agriculturists selling their produce directly from land, are not mandated to obtain GST registration. This exemption aims to simplify compliance for small-scale and specific sector participants while maintaining regulatory oversight over taxable entities. for more detail visit our website www.myallbusinessconsultant.com
Following Person require to take compulsory registration
Section 24 of the CGST Act lists specific categories of people who must register for GST regardless of their turnover. Even if you earn just ₹1, you are legally required to have a GSTIN if you fall into these categories. 1. Inter-State Suppliers If you sell goods from one state to another (e.g., shipping a product from Rajasthan to Maharashtra), you must register for GST immediately. 2. Casual Taxable Persons (CTP) A “Casual Taxable Person” is someone who occasionally supplies goods or services in a state where they do not have a fixed place of business.. 3. Non-Resident Taxable Persons (NRTP) This applies to individuals or businesses located outside India who occasionally supply goods or services to customers within India but do not have a fixed place of business here. 4. E-commerce Operators & Sellers *Exemption: Recent updates allow certain small intra-state sellers (selling only within their own state) to operate without GST if their turnover is below the threshold, but this comes with specific restrictions. 5. Persons Liable under Reverse Charge (RCM) In a typical transaction, the seller pays the tax. Under the Reverse Charge Mechanism, the buyer is responsible for paying the tax to the government. If you are a business required to pay tax under RCM (e.g., for legal services from an advocate or GTA services), you must register for GST. 6. Input Service Distributors (ISD) If a business has a head office that receives tax invoices for services used by its various branches, it must register as an ISD to distribute the Input Tax Credit (ITC) to those branches. 7. Agents of a Supplier If you make taxable supplies of goods or services on behalf of another registered taxable person (acting as an agent or broker), you are required to obtain a separate registration. 8. OIDAR Service Providers Entities providing Online Information Database Access and Retrieval services (like Netflix, Spotify, or cloud storage providers) from outside India to non-registered persons in India must register. Category GST Registration Requirement Standard Business (Goods) Only if turnover > ₹40 Lakhs* Standard Business (Services) Only if turnover > ₹20 Lakhs* Inter-state Goods Seller Compulsory (from ₹1) E-commerce Operator Compulsory (from ₹1) Casual/Non-Resident Taxpayer Compulsory (from ₹1) for more detail visit our website www.myallbusinessconsultant.com
New Year, New Business: Smart Strategies to Succeed in 2026
Introduction The beginning of a new year is more than just a change of date—it is a mindset shift. For aspiring entrepreneurs and business owners, 2026 brings a powerful opportunity to start fresh, think bigger, and build smarter. With India’s growing startup ecosystem, digital expansion, and supportive government policies, launching or scaling a business has never been more promising. However, starting a business without proper planning can quickly turn excitement into stress. Many entrepreneurs struggle not because they lack ideas, but because they lack financial clarity, legal awareness, and expert guidance. This is where professionals such as a Top CA in Jaipur, a CA for Seed Funding, or a Government Subsidy Consultant become essential partners in your journey. This blog outlines smart, practical strategies to help your business succeed in 2026—explained in a simple, human way that anyone can understand.