Services – ENEGO SERVICES PRIVATE LIMITED

AGNIi

AGNIi – Accelerating Growth of New India’s Innovations – is a programme of the Office of the Principal Scientific Adviser to the Government of India, and a Mission under the Prime Minister’s Science, Technology, and Innovation Advisory Council (PM-STIAC). Accelerating Growth of New India’s Innovations is executed at Invest India, India’s National Investment Promotion Agency, which houses our professional team.

GEM (Government E-Marketplace)

The Government of India has created the GeM (Government E-Marketplace) platform to introduce transparency to the previous Tender process for government procurement. The major goal of the Government E-Marketplace portal is to improve transparency, efficiency, and speed in both governmental procurement and employment. By registering through this portal, the seller as well as buyer can buy or sell their products to the government. GeM eliminates human intervention in the vendor registration, payment, and order posting processes. Being an open platform, it offers no entry barriers for legitimate providers that want to do business with them. At each stage, purchasers and his association’s president, as well as payment authorities and sellers, receive SMS and e-mail notifications.

Private Limited Company

An Indian Private Limited Company is a hybrid between a partnership firm and a publicly-traded company. A minimum of two people is required to register. In a Private Limited Company, a person can be both a shareholder and a director. The shareholders of a Private Limited Company are shielded from personal liability and other legal ramifications. For private limited companies (PLCs), each member’s liability is limited to the number of shares he or she holds. After receiving the Certificate of Incorporation, an Indian Private Limited Company can begin operations. The time it takes to incorporate a PLC is about 15 business days.

Limited Liability Partnership Company

Limited liability partnership is referred to as an LLP. Some of the features of LLPs are similar to those of traditional partnerships while others are similar to those of corporations. There are many reasons why LLP Registration has become so popular, but the most important one is that it is simple to form and maintain. Owners benefit from this by reducing their exposure to lawsuits. Compared to a traditional partnership firm, a Limited Liability Partnership has the greatest advantage. Because an LLP company has both the advantages of a private limited company and a partnership firm, it is ideal for businesses. Individual partners are protected from joint liability arising from the misconduct of another partner because no partner is liable for the unauthorized actions of other partners. Professionals, microbusinesses, and small businesses with a family or small group of shareholders often choose the LLP structure. Limited liability company (LLP) registration is the easiest and most transparent process because it combines the advantages of a company and a partnership firm.

Proprietorship Company

A sole proprietorship firm is a business structure in which a single person is in charge of all aspects of management, ownership, and control. Sole Proprietor of the Firm is the title given to the company’s owner. There is no legal distinction between the promoter and the business because the business is run by a natural person. All of the profits go to the promoter. There is no formal registration needed for a Sole Proprietorship firm. Due to fewer required legal documents and lower startup costs, the primary benefit of a sole proprietorship business is its ease of establishment. Incorporation, regulatory compliance, advisory, and management consulting services are provided to clients in India and abroad by Enego as an esteemed business platform. As a result of Enego, incorporating a Proprietorship Firm is fast and simple!

Goods and Service Tax Registration

All goods and services except petroleum products are subject to Goods and Service Tax (GST) registration at this time. Consolidated taxes, such as the Goods and Services Tax (GST), combine state and central indirect taxes. The entire country is now taxed in the same way. Until recently, it was taxed on everything from services to excise to VAT to entertainment to luxury. Previously, all businesses and services were exempt from GST. Businesses with a turnover of up to Rs 40 lakh are now free from GST. The Composition Scheme allows businesses with a turnover up to Rs 1.5 crore to pay only 1% tax. The exemption limit for services is still 20 lakhs. Also, service providers with up to 50 lakhs in revenue can use the composition plan and pay only 6% tax. Regulated entities are those whose annual sales exceed INR 40 lakh. If your annual sales are less than INR 40 lakh, you can register for GST to benefit from the Input Tax Credit. Also, anyone who transacts in interstate services or goods must register for GST. None of the above apply.