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It is not governed by any law and hence it is the easiest form of business in India. All the decisions and management of the business are in the hands of one person. Documents required for the registration of a sole proprietorship in India are Aadhar card, PAN card, bank account and a proof of registered office. [75]
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people. [2]
In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India . 1 July is celebrated as GST Day. [ 4 ]
Financial document viewer (Przeglądarka dokumentów finansowych) (in Polish) [73] - the official free viewer of financial documents that allows downloading financial documents of an entity entered in the Register of Entrepreneurs of the National Court Register, in particular financial statements, reports on activities, resolutions on the ...
Under section 9 of the Companies Act 2006, [3] those forming a company must send the following documents, together with the registration fee, to the Registrar of Companies. Most incorporations submitted by paper take around 5 working days to be accepted. For detailed information see the Companies House guide. [4]