Is it mandatory for a company to have GST number?

All businesses from the public to private limited companies should register for their GST. Registering for GST is compulsory for all companies that sell their goods or render services via e-commerce platforms such as Amazon, Flipkart, Ola, etc. In addition to that, one should be aware of the GST compliance number.

Which business do not have to register under GST?

But persons who are engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax or an agriculturist, to the extent of supply of produce out of cultivation of land are not liable to register under GST.

Is it necessary to register a company?

Is it mandatory to register a company before starting a business in India? The answer is no! Registering a company is not the only way to start a business in India. The simplest way to start your own business is to acquire any tax license, like service tax registration.

Is it difficult for foreign companies to register a company in India?

As a market, India has always been attractive to foreign companies because of the rapidly growing market. But in terms of actually taking steps to register a company in India, many foreign companies shelved their plans because of the perceived difficulties in doing the necessary paperwork.

How are companies taxed in India for foreign income?

In India, companies are taxed on their income according to their residential status. A company with residential status in India will be taxed on its global income whether earned in India or outside India whereas a non resident company will be taxed only on income received, accrued or arise in India.

What are the tax rates for non-resident companies in India?

Non resident or foreign companies are taxed at 40\% of the total income Plus: An additional surcharge @2\% of tax where total income exceeds INR 10 million but do not exceed INR 100 million or additional surcharge @5\% of tax if total income exceeds INR 10 million

How do foreign companies use Los in India?

Foreign companies use LOs primarily to oversee networking, create visibility about a company, and to chart out future business opportunities in India. Expatriates are allowed to work on rolls of Indian Liaison office.