logo
logo
Sign in

Benefits of Shop Act & Establishment Registration for Business Owners

avatar
Indian Salahkar

1. Legal Compliance: Establishing a shop or business without proper registration is a violation of the law. Therefore, registering your business under the Shop Act and Establishments Registration will make your business legally compliant.


2. Tax Benefits: On registration, the business is provided with a certificate of Commencement of Business which can be submitted to the tax authorities to avail of tax benefits.


3. Easy Access to Loans: Registered businesses are eligible to avail of loans from financial institutions like banks and credit unions. It helps in the expansion of businesses.


4. Credibility: Registration of a business under the Shop Act and Establishments Registration will provide the owner with an authentic identity and will add credibility to the business.


5. Protection: In case of disputes or theft, registered businesses can claim insurance and compensation from the authorities.


6. Hiring Employees: Business owners can hire employees without any legal complications after registering the business under the Shop Act.


7. GST Registration: Businesses registered under the Shop Act and Establishments Registration are eligible to register for GST, which is mandatory for all enterprises with a turnover of over Rs. 20 lakhs.


Shop Act & Establishment Registration is a requirement for all businesses in India, regardless of their size or nature of business. It is important to register your business to ensure compliance with Indian law, and to avoid any legal issues in the future. Indian Salahkar is a consultancy service that can assist with Shop Act & Establishment Registration, among other business-related services. They provide expert guidance and support throughout the registration process, ensuring that all legal requirements are met and that your registration is done in a timely manner. With Indian Salahkar, you can rest assured that your business is in good hands, and that you will be able to focus on running your business while they take care of the legal and regulatory aspects. Their services are tailored to meet the needs of each individual client, and they provide personalized attention to ensure complete satisfaction.

collect
0
avatar
Indian Salahkar
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more