The fastest, lowest-cost way to start invoicing – when the business is you, and the structure is just paperwork to back it up.
ICAI Membership No. 153926 | FRN 136869W | Practising since 2013
Ideal for freelancers, consultants, and small traders billing under Rs 40 lakh per year. Lowest setup cost and fastest path to a current account in a trade name. The trade-off – no separation between personal and business liability, and external equity / ESOPs are not possible.
Designers, developers, writers, consultants billing under Rs 40 lakh / year.
Doctors, architects, lawyers (where bar rules permit) starting their own practice.
Retailers and service providers in a single location with no scale-up plan immediately.
Below the Pvt Ltd / LLP justification threshold but needing GST and a current account.
Testing a business idea before committing to a corporate structure.
Where annual turnover is under Rs 40 lakh and liability exposure is manageable.
Everything you receive at the end of the engagement.
Udyam (MSME)
Free MSME registration giving the proprietorship a recognised identity. Required by most banks for current account opening. Issued under MSMED Act 2006.
GST Registration
Mandatory if turnover crosses Rs 20 lakh (services) / Rs 40 lakh (goods), or for inter-state supply or e-commerce. Voluntary registration common for B2B sellers.
Gumasta Licence
State-specific Shops & Establishments registration. In Maharashtra, under the 2017 Act. Required to open a current account in the trade name.
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Statutory & Third-Party Costs – pass-through, NOT our fees
These are paid directly to government departments, certifying authorities, and banks. They are not VRS professional fees.
Our engagement fee covers end-to-end filing, structuring advisory, and post-incorporation handover – including structuring queries during the first 12 months of operation. Quoted per engagement after the scoping call. Complexity varies with foreign holdings, subsidiary structures, statutory complexity, and customised provisions.
Complexity varies with foreign holdings, subsidiary structures, and customized AoA clauses.
Strictly under the Maharashtra Act, any commercial activity needs registration. Practically, freelancers working solo from home often skip Gumasta – but it is required to open a current account in the trade name.
Two reasons to register below threshold: (a) you are a B2B seller and your clients want a GST invoice to claim input credit, (b) you are on e-commerce platforms which mandate GST registration.
PTEC is for the proprietor – Rs 2,500/year, payable by 30 June. PTRC is for employees you pay. A solo freelancer needs only PTEC.
No. The proprietorship uses the proprietor’s PAN. For tax, you and the business are the same person.
Yes. Hiring triggers EPF (if 20+ employees), ESIC (if 10+ employees in covered area), PTRC (Maharashtra), and TDS deduction obligations.
Yes, if your business is a ‘specified profession’ under Section 44AA(1) – legal, medical, engineering, architecture, accountancy, IT consultancy. And if your gross receipts are <= Rs 75 lakh with cash receipts <= 5%.
Your trusted partner in business setup, compliance, and growth advisory in India and abroad.
© 2026 Vijay R Singh & Co., Chartered Accountants | FRN 136869W | M.No. 153926 | +91 98607 23959 | info@cavijaysingh.com | Andheri East, Mumbai 400069
