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The characteristics of a private limited companyMembersIn order to start a company, a minimum of 2 members and a maximum of 200 members are require as per the provisions of the Companies Act, 2013.Limited Liability-The liability of each member or shareholders is limited.

This means that if a company incurs a loss under any circumstances, its shareholders are liable to sell their own assets for payment.

The personal, personal property of shareholders is not at risk.Permanent succession –Death, bankruptcy, bankruptcy of any of its members is also in the eyes of the company law.

This leads to a lasting legacy of the company.

The life of the company lasts forever.Index of Members –A private company is privileged over a public company as they are not required to keep an index of its members while a public company is require to maintain an index of its members.

GST Registration OnlineAs per GST jurisdiction, any business operations whose annual turnover exceeds Rs 40 lakhs must register as a separate taxable provision.

As per GST jurisdiction, if you're doing any business without GST registration, it's considered an offense.GST or Goods and Service Tax - One Nation One TaxBeing the biggest tax reform in India, GST levied on the goods and services which includes both the Central taxes (CST, Service Tax, Excise Duty) and State taxes (VAT, Entertainment Tax, Luxury Tax, Octroi).

This will help the buyer in touch only GST which is charged by the last dealer within the chain of trade and provide .As per GST Regime, any business operation whose annual turnover is exceeding quite Rs.40 lakh is required to register as a traditional taxable individual.

However, there's an exclusion for hill states and North East, the annual turnover is exceeding quite Rs.20 Lakh for them.To obtain GST Registration Online is mandatory for all types of businesses whose turnover comes under the above-mentioned criteria.

If a business entity carries any business activities without GST registration, it will be conceived as a punishable offense and the business and its owner will be liable to pay heavy penalties and legal issues.Who is eligible for GST Registration Online?The person who is registered under Pre-GST law such as Excise, VAT, Service Tax Businesses that hold turnover exceeding more than Rs.

Non-Resident Taxable person and Taxable person Input Service Distributor and Agents of Supplier Individuals who are paying taxes as per the Reverse Charge Mechanism.