Demand cut from ₹10,050 to ₹1,310
TaxSavvy for proprietorship registration
Starting a shop or practice? Set up right, once.
We pick the structure and line up GST, Udyam and a current account.
How we get it done
Four steps, the same for every job. You see each one ticked.
Information
PAN (business and owners). Aadhaar of owners / directors
Discussion
Raising outside funds in 2 years?. Personal liability concern?
Forms
Side-by-side: tax, cost, compliance, liability
Deliverables
Structure recommendation in ₹ and effort
See what you get, free
Real formats, made with dummy data.
Sample Sample ₹5.7 lakh still to come in
Sample 2 receipts, ₹3.2 lakh, have no invoice
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
GST Mandatory Registration: Threshold and Triggers
- Facts
- Registration is the foundation of GST compliance. Miss the threshold, delay beyond 30 days, or supply inter-state without registration, penalty is 100% of tax or ₹10,000. Most small business owners discover the obligation only after a notice.
- Provisions and law
- Sec 22(1); Sec 24; Sec 29(2); Sec 122(1); Rule 8, 9
- Analysis
- Aggregate turnover definition: All taxable + exempt + zero-rated + nil-rated supplies on PAN-India basis. Excludes inward supplies under reverse charge. Includes multiple GSTINs under same PAN. A single person with businesses in Delhi and Mumbai: add both states' turnover for threshold check. Special category states (lower threshold): Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Arunachal Pradesh, Uttarakhand, Himachal Pradesh, J&K: ₹10L for services, ₹20L for goods. Inter-state, no threshold: The moment a supplier makes even ONE inter-state supply, say a Delhi freelancer invoices a client in Mumbai, registration is mandatory regardless of annual turnover. This is the most commonly missed trigger. Selling on Amazon to customers in another state = inter-state.
- Conclusion
- Calculate aggregate turnover for current FY: all supplies across all states, all businesses under same PAN
- Check: any inter-state supply made? (Even one invoice to another state = registration mandatory)
- Check: are you selling on Amazon/Flipkart/Meesho? (E-commerce aggregator = mandatory registration)
- Check: do you purchase from unregistered suppliers above ₹5,000/day? (RCM may apply)
Section 12A/12AB (now 332) registration: full tax exemption for charitable trust
- Facts
- A charitable trust registered under Sec 332, Income-tax Act 2025 (old Sec 12AB) gets 100% exemption on income used for charitable purposes. Additionally, Sec 133 (old Sec 80G) registration allows donors to deduct 50% or 100% of their donation from their taxable income, making fundraising easier.
- Provisions and law
- Income Tax Act 1961, Sec 11, 12A, Sec 12AB, 80G (now 332, 133)
- Analysis
- From April 2021: All trusts must re-register under the new Sec 12AB regime every 5 years. Provisional registration (3 years) given first; regular registration requires 3 years of activity and filing history.
- Conclusion
- Trust deed (registered)
- PAN of trust
- Bank account details of trust
- Activities report (Form 104, old Form 10A)
Registered vs unregistered Will: what's safer
- Facts
- Registration of a Will is not mandatory but strongly advisable. An unregistered Will is equally valid if properly witnessed, but is easier to forge, challenge, or suppress. A registered Will is a public record at the Sub-Registrar's office, cannot be secretly altered, and is harder to challenge in court.
- Provisions and law
- Registration Act 1908, Sec 17 | Indian Succession Act 1925, Sec 63
- Analysis
- Cost of registration: ₹200 stamp duty + Sub-Registrar fee (varies by state, typically ₹100-₹500). Both witnesses must be present at registration.
- Conclusion
- Draft the Will on plain paper (no stamp paper required)
- Testator + 2 witnesses visit Sub-Registrar office together
- Original documents: Aadhaar, PAN, 2 passport photos
- Pay ₹200 stamp duty + registration fee
Startup India: DPIIT Recognition and Benefits
- Facts
- DPIIT (Department for Promotion of Industry and Internal Trade) recognition unlocks India's richest startup benefit package: 3-year income tax holiday, 80% patent fee rebate, self-certification under 9 labour laws, access to Startup India Seed Fund, angel tax exemption, and fast-track exits. Recognition takes 2 days. Most eligible startups never apply.
- Provisions and law
- Startup India; Sec 140 (old 80-IAC); Sec 56(2)(viib) exemption; DPIIT Notification
- Analysis
- DPIIT recognition, 2-day process: (1) Go to startupindia.gov.in. (2) Register → Apply for Recognition. (3) Upload: incorporation certificate, brief about innovation/improvement, PAN, and declaration. (4) Recognition certificate issued in 2 days (usually). Completely online. Free. No interview. The description of your "innovation" can be broad, improving customer experience, new tech application, new service delivery model, all qualify. Sec 140, Income-tax Act 2025 (old Sec 80-IAC) tax holiday, how to actually use it: Recognition = eligibility. But to actually claim the tax holiday: apply separately to IMBC (Inter-Ministerial Board of Certification) at DPIIT. Submit: recognition certificate, pitch deck, financials, detail of innovation. IMBC meeting happens quarterly. Wait: 3-6 months. If approved: pick the 3 best profit years within 10 years. Years with losses: skip. Years with profits: claim 100% deduction.
- Conclusion
- Check eligibility: incorporated ≤ 10 years ago, turnover < ₹100Cr, innovation/improvement angle
- Register and apply for DPIIT recognition: startupindia.gov.in → Recognition → New Application
- Upload: CoI, brief innovation description (1 paragraph is sufficient), PAN, Director/Partner KYC
- On recognition: download certificate, this is your gateway document for all startup benefits
Starting a shop or practice? Set up right, once.
A Chartered Accountant handles it. Fixed price, told before you pay.
Get it done on WhatsApp