Understanding GST, PAN, and Other Regulatory Needs in Indian Company Registration

🇮🇳 Understanding GST, PAN, and Other Regulatory Needs in Indian Company Registration
When starting a company in India, compliance with key regulatory requirements is critical. These ensure legal operation, tax compliance, and access to benefits such as input tax credit, financial services, and business credibility.

1️⃣ PAN (Permanent Account Number)
What It Is:

A 10-digit alphanumeric code issued by the Income Tax Department.

Mandatory for all business entities (sole proprietors, partnerships, LLPs, private/public companies).

Why It's Needed:

For income tax filing

Opening a bank account

Entering into financial transactions

TDS (Tax Deducted at Source) compliance

How to Apply:

Via NSDL Portal or UTIITSL Portal

Required documents: Certificate of incorporation, identity/address proof of directors, company proof

2️⃣ GST Registration (Goods and Services Tax)
When It's Mandatory:

Annual turnover exceeds ₹20 lakhs (₹10 lakhs for NE and hill states)

E-commerce sellers or inter-state suppliers

Voluntary registration also possible (to claim input tax credit)

Documents Required:

PAN of company

Certificate of incorporation

MOA/AOA

Address proof of business

Bank account details

Authorization letter/board resolution

Benefits of GST Registration:

Legally recognized as a supplier

Input tax credit

Seamless inter-state trade

Apply at: https://www.gst.gov.in/

3️⃣ TAN (Tax Deduction and Collection Account Number)
What It Is:

10-digit alphanumeric number mandatory for businesses deducting TDS.

When Needed:

If your company is required to deduct tax at source (e.g., on salaries, payments to contractors)

Apply at: NSDL TIN Portal

4️⃣ Professional Tax Registration (State-Specific)
Applicability:

Imposed by state governments (e.g., Maharashtra, Karnataka, West Bengal)

Required for employers and salaried individuals

Register Through:

State Commercial Tax Department portals

5️⃣ Shops and Establishment Registration
Applicability:

Mandatory for all businesses operating from a physical location (office, shop, factory)

Benefits:

Legal recognition of business premises

Needed for bank accounts, licenses

Apply through: Local municipal authority or labour department of the respective state

6️⃣ ESI & EPF Registration (for employee welfare)
When Mandatory:

ESI (Employee State Insurance): 10 or more employees with salary < ₹21,000/month

EPF (Employee Provident Fund): 20 or more employees

Apply at:

ESIC Portal

EPFO Portal

7️⃣ Other Industry-Specific Licenses
Depending on your industry, you may also require:

FSSAI License (for food businesses)

Import Export Code (for export/import)

MSME Udyam Registration (for benefits under MSMED Act)

✅ Summary Compliance Checklist
Registration Mandatory For Authority
PAN All companies Income Tax Dept
TAN Deductors of TDS Income Tax Dept
GST Businesses > ₹20L turnover or inter-state GSTN
Professional Tax Based on state State Govt
Shops & Establishments Any physical business setup State Labour Dept
ESI & EPF ≥10 or ≥20 employees respectively ESIC & EPFO
Others (FSSAI, IEC) Industry-specific Respective Authorities