Register Sole Proprietorship | GST and MSME Certificate

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Register Sole Proprietorship

Fees: Rs. 500 (Professional Fees)

NO additional Expenses, No Government Fees.

Sole Proprietorship is the easiest form of business done in India since it isn’t governed by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfill.

To register a sole Proprietorship, the following documents are required:

Required documents

  • Aadhar Card
  • PAN Card
  • Bank Account
  • Registered office proof

Although sole proprietor doesn’t require any specific registrations, he is advised to obtain a few registrations to make the business function smoothly.

  • Registering as SME : You can get yourself registered as Small and Medium Enterprise (SME) under the MSME Act. The application can be filed electronically. Although it isn’t compulsory to register as an SME, it is highly beneficial, especially at the time of taking loan for the business. The Government runs various schemes for SMEs where loans are provided at the concessional rate of interest.
  • GST Registration: You can get yourself registered under GST if your annual turnover is more than Rs. 20 lakhs. Also, if you are doing online business (selling through amazon, flipkart etc.), you are required to get a GST number. For registering under GST, you need the following documents –

a. PAN card, Photo and Aadhar Card of the proprietor

b. Proof of business place (Electricity bill/ rent agreement)

c. Bank statement copy (first page for verifying bank account number, address and IFSC code)

GST registration is easy and can be done via the GST portal. Normally GST number is received within 3-4 days of submitting the application.

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