Private Limited Company is a type of company that has limited liability and provides legal protection to its members (shareholders). These companies are governed by Companies Act 2013.
GST is an indirect tax that is levied on goods as well as services. All the existing state and central indirect taxes are subsumed under the GST.
“Udyam Registration” is issued by the Ministry of MSME (Micro, Small & Medium Enterprises). It is applicable to existing MSMEs that are engaged in Manufacturing or Service activities. Businesses having Udyam Registration can avail numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of small businesses in India.
A business entity is an organisation set-up by the business owners considering the factors such as the size of the business, nature of business, number of members involved, capital requirement, etc.