All businesses need one government registration or another, while nearly all require multiple registrations. For example, even air-conditioned restaurants need both service tax registration and VAT registration, depending on turnover and location, in addition to a Shops & Establishment License.
Indirect taxes are those that are collected from customers by suppliers on behalf of the government. Once these taxes are paid to government, a proper record needs to be submitted periodically.
Profession Tax Registration
Applicable in most states in south, central and western India, a profession tax registration is required within 30 days of hiring an employee.
One of the easiest government registrations to avail of, it gives small businesses, both service and manufacturing, the chance to avail of tax exemptions and subsidies on essentials like power and banking services.