All Professionals are  Under One Roof

Dedicated Support

500+ Positive Reviews

Client Satisfaction Guaranteed

Hello Auditor

What licenses are needed after incorporation?

1. Goods and Services Tax (GST) Registration

  • Required if annual turnover exceeds ₹40 lakh (₹20 lakh for services)
  • Mandatory for businesses involved in interstate supply or e-commerce
  • Needed to collect GST, claim input tax credit, and file monthly/quarterly returns

2. Professional Tax Registration

  • Applicable in states where professional tax is levied
  • Required for employers and employees based on salary slabs
  • Must be obtained within 30 days of employing staff

3. Shops and Establishment License

  • Mandatory for commercial offices, shops, or business establishments
  • Issued by the local municipal authority or labour department
  • Regulates working hours, employee rights, and workplace conditions

4. Import Export Code (IEC)

  • Required for companies engaged in import or export of goods and services
  • Issued by the Directorate General of Foreign Trade (DGFT)
  • No renewal needed; lifetime validity

5. Other Industry-Specific Licenses

  • FSSAI License for food-related businesses
  • Drug License for pharmaceuticals
  • MSME/Udyam Registration for small and medium enterprises to access government schemes and subsidies

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *