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I am planning to register a start up company in India as private limited company. But being a start up I might not have enough revenue earning activities initially for 1-2 years. So in that case how much is legal obligation for finance audit, service tax and any other applicable tax or paper formality is compulsory if your annual revenue is below 1 lac rupees
From India, Mumbai
Hi,
May be too late to reply as I show your post today.
Anyway I would like to share information with you:
1. One time cost for Registration of company with ROC would cost you approx Rs 40K for private limited company with share capital 1 lac
Yearly obligations:
1. Every year Private Limited company account should be audited and cost with minimum turnover as mentioned by you would be approx Rs 15k Per annum.
2. Writing books with minimum turnover as mentioned by you above would cost you approx Rs 2500/- PM
3. You need to register with excise, sales tax, service tax depending on nature of business
4. All cost depends on various factors which can be shared based on availability of information from your side.
More information required, do feel free to contact:
regards
Manjay Kumar Sharma
+91 9810507200

:::::::::: Malay Gauri ::::::::::

From India, Delhi
Hi Careerfeeds,
It would cost you about 20,000 per year...and you would have to file nil service tax returns, if you get service tax registration and file nil balance sheet, all this could lead to a cost...so wait until you know you are gonna do business till you start a <link outdated-removed> ( Search On Cite | Search On Google ) . When you decide to <link outdated-removed> ( Search On Cite | Search On Google ) , websites like indiafilings.com can help you startup your company.
Regards

From India, Chennai
nothing needed. i say a simple way. find a audit and go for basic company registration which costs 3000/- including payment of audit. later when your company developed after 2 or 3 years go for PVT LTD registration that costs 20,000 -25,000/- . I am doing the same for my company. don't invest more money initially. if you loss then everyone will suffer. mind it.
From India, undefined
Anonymous
Annual Compliance are the Legal Mandatory Compliance which has to be followed by every legal entity according to their registered law. We QuickCompany handles all the legal compliance of a Company in just Rs 18,000/- <a href="https://www.quickcompany.in/compliance">=Annual Compliance</a> by <a href="https://www.quickcompany.in/">QuickCompany</a>
From India, Delhi
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