Obtaining a PAN and GSTIN for Your Company in India from France

Introduction

Expanding your business internationally opens up new opportunities and markets. If you’re a company based in France and looking to establish a presence in India, it’s essential to understand the legal requirements, including obtaining a Permanent Account Number (PAN) and a Goods and Services Tax Identification Number (GSTIN). In this article, we will provide a step-by-step guide on how to obtain PAN and GSTIN registrations for your company in India, ensuring compliance with the local tax laws and facilitating a smooth transition into the Indian market. 

Strategy for Company Registration in India from France 

There are numerous choices available when considering French company registration in India. A French business or person may choose from a Limited Liability Partnership (LLP), a Public Limited Company, or a Private Limited Company. In the majority of sectors, private and public limited companies typically permit foreign direct investment (FDI) via the automatic method. However, LLP only authorizes FDI in industries or endeavors that permit 100% FDI via the automatic approach. 

You should be aware that FDI is not allowed in other business structures like sole proprietorships, partnerships, or one-person businesses. according to by FEMA regulations. NRIs and other foreigners are thus unable to create these kinds of entities in India. A public limited company requires a minimum of seven members to be formed, while a private limited company can be founded with just two members. There is no maximum number of shareholders for a public limited company; however, there is a cap of 200 for private limited companies.

Understanding the GSTIN Registration Online Procedure 

The first step in the process is to obtain a GSTIN, a unique identification number required for businesses operating in India. The GSTIN registration process can be done online and involves the following steps: 

1. Visit the official GST portal: Begin by visiting the Goods and Services Tax portal (www.gst.gov.in), the official website for GST-related registrations and filings in India.

2. New User Account Creation: Click the “New User?” link. Click the “Register Now” button to register as a new user on the portal. Provide the necessary details, such as your email address and contact information, and follow the instructions to complete the registration process.

3. Fill out the GST Registration Application: Once your account is created, log in to the portal and fill out the GST registration application. Provide accurate information about your business, including its legal name, address, and nature of operations. You will also need to provide supporting documents such as your company’s incorporation certificate and proof of address.

4. Verification and PAN Integration: After applying, the details provided will be verified by the authorities. Upon successful verification, your PAN and GSTIN will be integrated, and you will receive your GSTIN certificate.

Pan and GSTIN Registration Guide for International Businesses

For international businesses, obtaining a Permanent Account Number (PAN) is a crucial step in the process. The Permanent Account Number (PAN) is a unique 10-digit alphanumeric number issued by the Income Tax Department of India, and it serves as an identification for tax purposes. Here’s a guide on obtaining a PAN and GSTIN for your company in India: 

1. PAN Application Form: Obtain and fill out Form 49AA, the application form for PAN registration by foreign entities. Provide accurate details about your company, including its legal name, address, and principal place of business.

2. Submit the Application: Submit the filled-out application form along with supporting documents such as proof of identity, proof of address, and a copy of the Certificate of Incorporation of your foreign company. Submit these documents to the nearest authorized PAN Service Centre or UTIITSL office.

3. Payment and Acknowledgement: Pay the prescribed fees for PAN registration and obtain an acknowledgment receipt. This receipt can be used to track the status of your PAN application.

4. PAN Card Issuance: After verifying your application, the Income Tax Department will issue your PAN card, which will be sent to your registered address.

PAN GST Number for International Businesses 

Foreign companies operating in India need PAN and GSTIN numbers. The PAN acts as your tax identification number, and the GSTIN makes it possible to comply with GST rules. These figures are essential for completing commercial operations, submitting tax returns, and collecting input tax credits. Your firm may run effectively and benefit from doing business in India by obtaining a PAN GST number. 

Conclusion

Expanding your company’s operations from France to India requires careful consideration of the legal and tax requirements. Obtaining a PAN and GSTIN is a crucial step in this process, ensuring compliance with Indian tax laws and facilitating seamless business operations. You can obtain a PAN and GST by following the online registration procedures outlined in this guide.