Need for CA Certificate
- To open a current account, GST Registration is quite often requested by various banks.
- GST Registration requires payment of GST to the Government even though you are not required to pay if your turnover is below 20 or 40 Lakhs, as the case may be.
- GST Registration will also lead to monthly compliance costs via filing GST returns & may need to incur late fees or penalities for non-filing or delayed filing monthly returns.
- Hence, we came with a solution as “CA Certification instead of GST Registration.
CA Certificate is valid only if issued on Letter-head of the CA Firm with address and contact details
<Date>
<UDIN>
TO WHOMSOEVER IT MAY CONCERN
I have examined the books of accounts of <business owner name> S/o. <father name>, PAN: <pan number>, aged about n years, resident of <present location>, carrying the business as proprietor under the name & the style of <trade name of business>, having office at <business address>, produced the books of accounts before me and based upon such examination and such information & explanations received, I certify that the aggregate turnover of <business owner name> during the preceding financial year is less than threshold limits specified in Chapter VI of CGST Act, 2017. Accordingly, they are not liable to obtain the GST registration.
It is been said to us that, as and when the obligation to obtain GST registration arises, will mandatorily obtain the same. Also, they will inform the office of <Bank/ Organization name> about the GST registration number along with a copy of registration certificate thereof obtained through the respective state offices.
The invoices issued to them shall bear their GST registration number, prospectively from the date of them providing valid registration number.
Place:
For <CA Firm Name>, Chartered Accountants
<Name of the CA>, M.No. / Firm No. 000000
Read more about Turnover Certificate in detail.
Frequently Asked Questions
You can get from any qualified Chartered Accountant (CA), member of ICAI for any desired purposes.
We can also help you to get CA Certificate easily without any efforts. Contact Us Now.
To register a sole proprietorship firm there is no particular way unlike partnership firm, LLP, company. However, one can register himself through various modes as listed under.
- Trade License
- MSME Registration/ Udyog Aadhaar
- Labour License (State Govt Recognized – Shops & Establishment Registration)
- GST Registration (Central Govt Recognized)
It is to be noted that one shall register himself through any one mode among the above.
Alternatively, the business owner can obtain CA certificate instead of GST registration stating that the sales/ turnover is less than the basic limits specified under GST Law which is to be stated in a convincing manner. A professional like LPC Services can wisely handle it.
Its quite natural that officers often demand for GST Registration, especially for opening current account. Once GST Registration is obtained, it requires compulsory filing of GST returns on monthly or quarterly basis as the case may be. Failure to file GST returns before time leads to heavy late fees & penalties.
Alternatively, the small business owners can obtain CA Certificate with one time investment & reduce their risk to greater extent.
Yes. UDIN is mandatory for all CA Certificates as per FAQ on UDIN released by ICAI.
Yes there are many other modes of certificates issued by a chartered accountant. Example: Net-worth certificate, turnover certificate, capital expenditure certificate.
For any of the certificates mentioned else where, we can help you out.
Get CA Certificate From Us
Order CA Certificate online at your convenience & at most affordable prices. The most secured platform offering risk free online services.
LPC Services Team will be in touch with you throughout the process of getting such certificate especially for sole proprietorship firm including turnover certificate, net-worth certificate & any other specified certificate.
LPC Services always supports you to fulfill your business requirements & can also help you to get the new business registration.
We are always at your service!!
Offers Starts from ₹2,500 / CA Certificate
Author:
Vinil Krishna
Founder CEO