Online Business License Registration in India

Most commercial establishments require a trade license from the local municipal authority.

Approval timelines vary depending on license type and department workload, typically ranging from 7 to 30 days.

Not necessarily. The sequence depends on business activity and location.

Yes, structured filing allows parallel processing of certain registrations.

GST registration is not compulsory for all new companies. It becomes mandatory if the company's annual turnover exceeds the prescribed threshold (Rs. 40 lakh for goods and Rs. 20 lakh for services, subject to state-specific limits). Voluntary registration is also possible for business benefits.

No, but it provides significant benefits for small businesses.

Yes. Trade and local registrations are often location-specific.

Operating without required approvals may lead to penalties and closure notices.

Domestic companies with a turnover of up to Rs. 400 crore are taxed at 25%. New manufacturing companies registered after October 2019 can opt for a concessional rate of 15%. Other companies generally pay 30% tax, excluding surcharge and cess.

A business name is the legal name registered with the MCA for incorporation. A trade name (or brand name) is the name under which the business markets its products or services. While the business name is mandatory, the trade name is optional.

Once incorporated, a company becomes a separate legal entity and is liable to pay corporate taxes. It must also comply with GST, TDS, and other applicable taxes depending on its business activities. Proper tax planning ensures compliance and reduces liabilities.

Companies must file Form MGT-7 for their annual return with the ROC. This form contains details about shareholding, directors, meetings, and financial information. Filing is mandatory and attracts penalties if delayed.