COMPANY NAME & VAT REGISTRATION

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Karthik (Querist)
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17 December 2009 Hi Everybody,

I have few queries and would appreciate it if the Experts help me by answering it...

I want to Register a Company Name and VAT.
i will be Selling Highend Game Consoles(eg: SonyPlaystation 3, Microsoft Xbox 360, Playstation...etc) & Computer Hardware and Software(eg: HDD, Cabinets, Mother Board, Processor & ANtiVirus and OS Software...ect)

I will be the only Owner of this Business and no Partners.

I will be running this Business from my Rented House In Bangalore, Karnataka, which i have planned to use as Home cum Office.

I read that, Company Registration and VAT Registration Fees that are charged come to Rs.1000/- correct me if i am wrong.
How do i go abt it..

Kindly refer me to Somebody who does this as i am not familiar with the Whole Registration Process.

Thanks in Advance

Karthik

Karthik (Querist)
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01 February 2010 can somebody answer my question.:::::

Hi Everybody,

I have few queries and would appreciate it if the Experts help me by answering it...

I want to Register a Company Name and VAT.
i will be Selling Highend Game Consoles(eg: SonyPlaystation 3, Microsoft Xbox 360, Playstation...etc) & Computer Hardware and Software(eg: HDD, Cabinets, Mother Board, Processor & ANtiVirus and OS Software...ect)

I will be the only Owner of this Business and no Partners.

I will be running this Business from my Rented House In Bangalore, Karnataka, which i have planned to use as Home cum Office.

I read that, Company Registration and VAT Registration Fees that are charged come to Rs.1000/- correct me if i am wrong.
How do i go abt it..

Kindly refer me to Somebody who does this as i am not familiar with the Whole Registration Process.

Thanks in Advance

Karthik

Karthik (Querist)
Follow

21 February 2010 This is the worst forum that i have ever been on, people dont even respond or suggest what needs to be done.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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19 July 2024 To register your company and obtain VAT registration in Bangalore, Karnataka, for selling high-end game consoles and computer hardware/software, here are the steps you should follow:

### 1. Company Registration:

**Step-by-Step Process:**

1. **Choose a Name for Your Company:**
- Ensure the name is unique and reflects your business activities. You can check the availability of the name on the Ministry of Corporate Affairs (MCA) website.

2. **Prepare Documents:**
- Gather necessary documents such as identity proof, address proof, and photographs for the proposed director (which will be you in this case).

3. **Digital Signature Certificate (DSC):**
- Obtain DSC for the proposed director. This is required for signing documents digitally during the registration process.

4. **File for Director Identification Number (DIN):**
- Apply for DIN for the proposed director (you) if not already obtained.

5. **File for Name Approval:**
- File Form INC-1 on the MCA portal to apply for name availability. You can provide up to 6 preferred names in order of priority.

6. **Incorporate the Company:**
- Prepare and file Form INC-7 (for incorporation of a private company) along with Form INC-22 (for address proof of registered office) and Form DIR-12 (for appointment of directors).

7. **Payment of Fees:**
- Pay the prescribed fees for company registration. The fees can vary based on the authorized capital of the company.

8. **Obtain Certificate of Incorporation (COI):**
- Once the Registrar of Companies (ROC) approves your application, you will receive the COI. This document legally establishes your company.

### 2. VAT Registration (now GST Registration):

**Step-by-Step Process:**

1. **Register for GST:**
- Since the implementation of GST (Goods and Services Tax), VAT registration has been replaced by GST registration.
- Visit the GST portal (https://www.gst.gov.in/) and navigate to the registration section.

2. **Prepare Documents:**
- Keep ready documents such as PAN card, identity proof, address proof, bank account details, and business proof (lease agreement for your rented house).

3. **Fill Application Form:**
- Fill the GST registration application form (GST REG-01) online with accurate details of your business.

4. **Submit Application:**
- Upload the required documents and submit the application online.

5. **Verification:**
- The application will be verified by the GST authorities. If there are no issues, you will receive your GSTIN (GST Identification Number).

6. **Start Business Operations:**
- Once you have obtained your COI and GSTIN, you can start your business operations legally.

### Professional Assistance:

- **Chartered Accountant (CA):**
- It's highly recommended to seek assistance from a CA or a professional firm specializing in company registration and tax compliance. They can guide you through the entire process, ensure compliance with legal requirements, and help avoid any pitfalls.

### Fees:

- The fees for company registration and GST registration can vary depending on various factors such as authorized capital, professional fees (if any), and government charges. It's advisable to consult with a professional to get an accurate estimate of the costs involved.

By following these steps and seeking professional guidance, you can successfully register your company and obtain GST registration to start your business of selling high-end game consoles and computer hardware/software in Bangalore, Karnataka.

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