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How can we help you? - Why Quid Solutions?
Some of the best reasons to choose us are:
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Easy to get GST registration and GST Identification Number online.
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No hassle compliances as we completely take control of them.
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All your returns will be filed duly
Our legal representatives are available to explain the whole process and clear any queries you may have.
Although the GST portal has a user-friendly interface, the GST Forms have a lot of complex fields. Hence, it is highly recommended that you seek the help of a professional for submitting the application, the required procedures, filing your returns, and completing other formalities in the portal.
Services Offered
REGISTRATION
We help you get a GST Identification Number from the comfort of your own home.
RETURNS
We will file your returns and complete all other
compliances as and when required.
ACCOUNTING
We also provide accounting services which help you complete all other
compliances as and when required.
SOFTWARES
We also provide tailor made accounting softwares for your company.
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Is physical presence required during the process?No, physical presence is not required. Scanned copies of all the required documents & forms will hold good to complete the procedure online. You can also visit us personally at our office situated at - Row House No 2, First Floor Sector 2, Airoli, Navi Mumbai Pin Code - 400708. We also provide video/ audio call support at your convenience.
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Generally, how many days will it take to get a company incorporated?"If the name availability and all the documents are in line with the registrar's expectations, within 7 days we will be able to get the approval. However, for name availability, you can avail the best support from our team of experts.
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Should a private limted company mandatorily have its books of accounts audited?Yes, a private limited company must appoint an auditor, within 30 days of its incorporation and get its books to be audited in the year end irrespective of its turnover. Non compliance of same will lead to huge penalties and may lead to disqualification of the directors in some cases.
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Can anyone become the member in a Private Limited Company?Any individual/organization can be a member of a private limited company including NRI/foreigners. Provided the individual's age must be minimum of 18 years holding a valid PAN card or Passport in case of foreign nationals.
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Can even a salaried person become a director in the company?As per the latest amendment, there is no minimum capital required for starting a private limited company.
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Can a Private limited company get registered on a home address?Yes, anyone can register the company at their own residential address, provided the utility bill for the same address is submitted.
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How many directors and shareholders can be appointed for a private limited company?The minimum number of directors for a private limited company is two directors and the maximum is 15. Likewise, minimum shareholders can be 2 and can have a maximum of 200 shareholders. The directors and shareholders can be the same or different people. Provided, at least one of the Directors should be a Resident in India.
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Why is it so difficult for the name approval of our choice?According to the procedure, Registrar of Companies (ROC) expects the applicants to follow the proper naming guidelines. And also sometimes, the approval depends and varies on the opinion of the officer verifying your application. However, for name availability, you can avail the best support from our team of experts.
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How much should we need to pay as government fee for registration?Presently, there is no government fee if the authorised capital is less than Rs.15 lakhs. However, stamp duty is chargeable as per respective state government stamp duty provisions.
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Are there any tax benefit if I opt for a private limited company?In order to promote growth and investment, Income tax act has amended new tax provisions from FY 2019-20 which enables all domestic companies an option to pay income-tax at the rate of 22% subject to condition that no exemption/incentive is availed. Considering surcharge and cess, the effective tax rate for private limited companies shall be 25.17%. Also, such companies need not pay Minimum Alternate Tax.
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What is the tax benefit for Startup manufacturers in opting for business as a private limited company?To attract fresh investments in manufacturing and to promote Government's ‘Make-in-India’ initiative, all the manufacturing domestic concerns incorporated on or after 1st October 2019, will have an option to pay income-tax at the rate of 15%. This benefit is available subject to two conditions, one the company should not avail any exemption/incentive and production should be commenced on or before 31st March, 2023. The effective tax rate for these companies shall be 17.01% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.
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What are the key statutory compliances to be filed by a private limited company after incorporation?Firstly, the company must appoint a statutory auditor. Subsequently, the company should conduct AGMs & board meetings as per the provisions. Auditor must audit the books of the company at the year end. Company shall file form AOC - 4 and MGT - 7 - Annual filing of ITR and registrar of co. should also be complied.
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What is the importance of MOA & AOA of company?MOA stands for Memorandum of Association and AOA stands for Articles of Association. These both are the byelaws or rules based on which signifant aspects like main business of the company or meetings is being decided. These legal documents are prepared by Company Secretaries during incorporation of the Company.
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My Turnover is less then 20 Lakhs , Do I need to Register for GST?No, It is not Mandatory as per GST Act, However, you should look for practical aspects as well, If either your Customer or Supplier Demand GST then You have to Register for GST. Further, If you are in a business of an E- Retailing, Import Export or Interstate Trade then it will be mandatory to obtain a GST number.
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