Advantages, Eligibility, Needed Documents, Procedure, Charges
- What is Startup India DPIIT recognition?
- Advantages of Startup India Registration
- Requirement for DPIIT Acknowledgment
- Required documents for startup India registration
- Procedure of startup India registration
- Charges for DPIIT startup India registration
- How can I receive Startup India Certificate?
- Frequently Asked Questions
Sample Startup india certificate image required
What is Startup India DPIIT Recognition?
Advantages of Startup India Registration
Under the Startup India, DPIIT-recognized startups are qualified for the following advantages:
- Self-Certification: To reduce the regulatory burden on startups and keep compliance costs down, companies will be permitted to self-certify compliance with 6 labor laws and 3 environmental laws by following an easy online process.
- Under Section 80: IAC, tax exemption: Under Section 80-IAC, Pvt Ltd Companies and LLPs are exempt from paying income tax for 3 consecutive fiscal years during their first ten years of establishment.
- Simple Company Winding Up: According to the 2016 Insolvency and Bankruptcy Code, startups that fit specific income requirements or have straightforward debt arrangements may wind up within 90 days after filing for bankruptcy.
- Quick tracking of Startup Patent Applications: Startups will have their patent applications accelerated for review in order to maximize their worth as quickly as possible.
- Return on filing of Patent Application: An 80% refund on patent filing fees will be given to startups in order to support them with reducing expenses during their critical early years. The goal is to shorten a startup’s patent acquisition process and costs so that they can afford to protect their inventions and continue to innovate.
- Easy Public Procurement Guidelines: Startups recognized by the DPIIT are able to register on GeM as merchants and offer their goods and services to government agencies directly. Startups can take advantage of this fantastic opportunity to engage in the public procurement process and reach a new potential customer group for their products.
Additionally, organizations can register with the NSIC for use as an evaluated vendor on gem. According to DPIIT, startups are not required to submit bid security or earnest money deposits (EMD) while submitting government procurement applications. Additionally, the government will waive the requirement of “prior experience/turnover” for startups in the industrial industry, without compromising the specified technical or quality standards.
- Section 56, tax exemption: Section 56(2) (VIIB) of the Income Tax Act exempts investments made into qualifying startups by Accredited Investors, Non-Residents, AIFs (Category I), and listed firms having a net worth or turnover above ₹250 crores. Additionally, up to a total of ₹25 crores, consideration for shares acquired by qualified startups will not be subject to tax.
- Facilitators panel to support IP application filing: For every patent, trademark, or design that a startup files, the Central Government will pay the facilitators’ full fees. Only the statutory fees must be paid by the startups.
- Preference for Gem Portal: In order to strengthen the Indian startup ecosystem, recognized startups are prioritized on the GeM platform.
Requirement for the Registration for Startup India
- The entity’s originality: The startup or business entity must be a new organization; it cannot be a split off of an already-existing one.
- Business structure type: Businesses must register under one of the following company categories in order to obtain startup India registration: –
- Private Ltd Company
- One person Company
- Partnership Firm
- Limited Liability Partnership
- Annual Revenue: The business entity must have an annual revenue of less than 100 crore rupees according to DPIIT standards.
- Incorporation Period: The entity shouldn’t be more than ten years old on the day of incorporation in order to be eligible for registration under the DPIIT Startup India initiative.
- Scalability and innovation: The organization needs to be creative and expandable. It’s one of the most crucial factors that DPIIT takes into consideration before startup India registration. since the program’s goal is to encourage innovation and create jobs and enterprise in the nation.
Required Documents for the DPIIT Recognition
The entities have to submit the following documents to be eligible for DPIIT to recognize Startup India.
- Authorization Letter
- PAN Card of the Companies
- Certificate of Incorporation
- Aadhar & PAN card of Director
- Director’s Passport-size photograph
- Website or companies profile deck (if available)
- Photo & video of products/services
- A brief report describing the company’s goals
- Innovation within this industry
- great potential for generating income
- capable in creating employment
Other certificates, if required
- GST registration
- Trademark registration
- Copyrights registration for IPR
- MSME registration, if available
The Registration Process for Startup India
Using Tax Cult enables the startup India registration procedure easy and hassle-free. To register your firm under the Startup India certificate through DPIIT registration, you must submit the following information.
1 Details & Documentation: To register their startup on the startup portal under the Startup India initiative, organizations must submit all requested information.
2 Document Drafting and Uploading: After all the records and information have been received. Our experts will start the drafting procedure for the startup India portal registration.
3 Application for registration as a startup India: After completing the entity profile creation and drafting process on the startup India registration portal. From the dashboard of the Startup India Portal, the application for DPIIT recognition will be raised.
4 DPIIT Verification: The authorities will start the application process for the entity to be recognized as a genuine startup. The DPIIT will acknowledge the application based on startup India registration criteria.
5 Application approval and rejection: Once the Department for Promotion of Industry and Internal Trade (DPIIT) receives the application. Receiving the government’s clearance for a startup India registration will take between 20 to 25 days. If the application does not meet the DPIIT’s registration requirements, it may potentially be denied.
Registration Charges for Startup India
Registration Charges for Startup India are INR 4,999 only, and it will take about 15 to 20 days to complete.
Particulars | Fees |
---|---|
Taxcult Charges | Rs. 4,999 |
Time taken in the process | 15-20 days |
How can I apply to be recognized by DPIIT for Startup India?
With 3 easy steps you can apply for the startup India and can get your Startup India Certificate with Taxcult:
Step1:
Get in touch via call or contact form
Step2:
Give the required documents
Step3:
In 20-25 working days, you will Get your Startup India Certificate
Why Tax Cult?
Taxcult helps companies manage complicated regulations, reduce risks, and improve operations for optimal productivity and profitability. We do this by utilizing our industry knowledge and expertise.
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Simple and Fast Process
Frequently Asked Questions (FAQs)
In just a few easy steps, you can register with us on the Startup India platform.
- Provide Detailed information and documents.
- make the payment.
- In 20-25 working days, you will Get your Startup India Certificate
According to DPIIT standards, the following are eligible for startup India recognition:
- Company who is Innovative & scalable.
- Uniqueness of the entity
- Shouldn’t be more than ten years from the incorporation date.
- Registration under the businesses Act is required for limited businesses or partnership firms.
In any of calendar years, should not have annual revenue of more than 100 cr rupees
The registration fee in India is approximately INR 4,999.
Yes, you can apply for the Startup India without PAN Card.
Once your startup registration is completed, you can download your startup India certificates from the portal
You can revise your application and finish the startup registration process again, if DPIIT rejects your application.
Yes, after receiving startup India certification from DPIIT, startups are free from several taxes under section 56 and enjoy 3 years of tax holidays.
Yes, according to government regulations, an OPC (one person company) may choose to apply for DPIIT startup India approval.
An online platform called Startup India Hub is used by various organizations to register for DPIIT recognition.
Yes, GST registration is mandatory.
Following are the key benefits company will get after registering with startup India:
- No Tax for 3 years.
- Simple IPR application procedure
- Accelerator Facilities for Startups
- under section 56, Tax exemption
- assists in achieving the “make in India” initiative
- Simple policies for winding up startups
- Preference in during public procurement such as on GeM portal
No, the proprietor cannot get profit from the startup India program unless they are a limited company.
Startup India Registration in Other States
Bihar | Delhi | Haryana | Maharashtra |
Odisha | Punjab | Tamil Nadu | Uttar Pradesh |
West Bengal |
Other Pages related to Startup India
DPIIT Startup India Portal | Startup India DIPP Certificate | Startup Funding Option |
Document Required for Startup India | Step for DPIIT Startup India Registration | Eligibility for Startup India |