Step-by-Step Process to File TDS Return (Form 24Q & 26Q)

Tax Deducted at Source (TDS) is a crucial aspect of income tax compliance for businesses. Filing TDS returns correctly ensures you stay compliant and avoid penalties. Here’s a complete step-by-step guide for Form 24Q and Form 26Q filing.

1. Understand Forms 24Q and 26Q

• Form 24Q: For TDS on salaries. Employers use this form to report TDS deducted from employees’ salaries.
• Form 26Q: For TDS on payments other than salaries, such as contractor payments, rent, professional fees, and interest.

Knowing the right form ensures accurate reporting and smooth tax compliance.

---

2. Collect Required Information

Before filing, gather the following details:

• PAN of deductee (employee or vendor)
• TAN of the deductor (your business)
• Details of TDS deducted (salary or non-salary)
• Payment and deduction dates
• Challan details for deposited TDS

---

3. Prepare TDS Statements

Step A: Using Excel Utilities or Software

1. Download the Form 24Q / 26Q Excel utility from the NSDL TDS portal.
2. Fill in company details, TAN, PAN, and financial year.
3. Add deductee details with PAN, salary/payment amount, and TDS deducted.
4. Verify all entries using the ‘Validate’ button to check errors.

Step B: Using Accounting or Payroll Software

• Most payroll/accounting software (Tally, Zoho Books, QuickBooks, SAP) generate TDS return files automatically.
• Export the file in .txt format for submission.

---

4. Submit TDS Return Online

1. Visit the NSDL TDS e-filing portal.
2. Login using your TAN and password.
3. Go to ‘Upload TDS Return’ and select Form 24Q or 26Q.
4. Upload the validated .txt file generated from utility/software.
5. Confirm submission and download the Acknowledgment Receipt (ITR-V) for your records.

---

5. Rectify Errors (If Any)

• If the portal rejects your file due to errors, check the validation sheet or software log.
• Correct errors (PAN mismatch, deductee details, or challan number) and re-upload.
• Keep the revised acknowledgment for compliance records.

---

6. Deadlines & Penalties

Form	Quarter	Due Date
24Q	Q1-Q4	31st July (annual)
26Q	Q1	31st July
26Q	Q2	31st October
26Q	Q3	31st January
26Q	Q4	31st May

Penalty: Late filing or incorrect returns can attract penalties under Section 234E and interest under Section 201/202.

---

7. Keep Records Safely

• Store Acknowledgment Receipts, challans, and TDS statements securely for at least 6 years.
• These records are mandatory during audits and income tax assessments.

---

Conclusion

Filing TDS returns using Form 24Q & 26Q may seem complex initially, but following these steps simplifies the process. Use reliable software, double-check all details, and submit on time to stay fully compliant and avoid penalties.

---

Disclaimer: This blog is intended for general informational purposes only. It does not replace professional tax advice. For personalized guidance, consult a qualified tax consultant.

Introduction

Accelerators and incubators play a crucial role in shaping early-stage startups. They provide mentorship, infrastructure, validation, networking, and sometimes funding, helping founders move from idea to scalable business faster.

Many startups fail to leverage these programs effectively due to lack of clarity on selection, preparation, and execution. This Saving Mantra guide explains a clear, practical, and startup-ready step by step process to join and benefit from accelerators and incubators.

---

Step 1: Understand What Accelerators & Incubators Are

While often grouped together, they serve different purposes:

• Incubators support idea-stage startups with long-term mentoring, infrastructure, and business support
• Accelerators focus on early-growth startups with fixed-duration programs, intense mentorship, and demo days

Understanding the difference helps you choose the right program.

---

Step 2: Decide Whether an Accelerator or Incubator Is Right for You

These programs are ideal if:

• You are at idea, MVP, or early traction stage
• You need structured mentorship and guidance
• You want investor exposure and validation
• You are open to feedback and rapid iteration

Not every startup needs funding first. Some need direction.

---

Step 3: Identify the Right Program for Your Startup

Shortlist programs based on:

• Startup stage eligibility
• Industry or sector focus
• Program duration and structure
• Mentor quality and network
• Funding or equity expectations

Alignment increases acceptance and real value creation.

---

Step 4: Prepare a Strong Application

Applications usually require:

• Startup idea or problem statement
• Solution and differentiation
• Market opportunity
• Founding team background
• Current traction or validation
• Vision and growth plan

Clear storytelling improves selection chances.

---

Step 5: Build a Compelling Pitch Deck

Most accelerators and incubators assess:

• Problem-solution fit
• Market size
• Product roadmap
• Business model
• Traction or proof of concept
• Team capability

Keep it concise, honest, and data-backed.

---

Step 6: Clear the Screening & Interview Rounds

Selection may include:

• Application screening
• Pitch presentation
• Founder interviews
• Mentor panel discussions

Be transparent, coachable, and execution-focused.

---

Step 7: Understand Program Terms & Equity Expectations

Before joining, review:

• Equity or fee requirements
• Program duration
• Funding support (if any)
• IP and confidentiality clauses
• Exit or demo day commitments

Never join without understanding long-term implications.

---

Step 8: Actively Participate in the Program

Once selected:

• Attend all mentoring sessions
• Act on feedback quickly
• Validate assumptions with real customers
• Track progress against milestones

Value depends on founder involvement, not program brand alone.

---

Step 9: Leverage Mentorship & Network

Use mentors for:

• Product refinement
• Go-to-market strategy
• Hiring guidance
• Investor readiness
• Legal and compliance clarity

Strong relationships create lifelong advantages.

---

Step 10: Prepare for Demo Day or Investor Showcases

Accelerators often end with:

• Demo day presentations
• Investor introductions
• Media exposure

Prepare:

• Investor-ready pitch
• Clear traction metrics
• Funding ask and roadmap

Demo day can unlock seed or angel funding.

---

Step 11: Implement Learnings Post Program

After completion:

• Apply refined strategies
• Strengthen operations and governance
• Continue mentor engagement
• Prepare for fundraising or scaling

Programs are launchpads, not destinations.

---

Common Mistakes Startups Make in Accelerators & Incubators

• Joining the wrong program
• Passive participation
• Ignoring mentor feedback
• Over-focusing on funding instead of learning
• Not planning post-program execution

Avoiding these maximizes program ROI.

---

Why Choose Saving Mantra for Accelerator & Incubator Readiness

Saving Mantra supports startups with:

• Program selection strategy
• Application and pitch deck preparation
• Financial and compliance readiness
• Founder mentoring and roadmap planning
• Post-program fundraising support

We help startups convert programs into real growth outcomes.

---

Conclusion

Accelerators and incubators can dramatically accelerate startup success when chosen and used wisely. With the right preparation, active participation, and disciplined execution, founders can gain clarity, credibility, and growth momentum.

Follow this step by step accelerator and incubator process to turn ideas into investor-ready businesses.

---

Disclaimer

This blog is for informational and educational purposes only and does not constitute legal, financial, or investment advice. Accelerator and incubator programs vary by structure, terms, and outcomes. Selection is competitive and not guaranteed. Readers are advised to review program terms carefully and consult professionals before accepting any equity-based or contractual commitments.

Introduction

Equity funding is one of the most popular and powerful ways for startups to raise capital. Instead of taking loans, startups raise money by offering ownership stakes to investors. While equity funding accelerates growth, it also involves dilution, control sharing, and long-term commitments.

This Saving Mantra guide explains a clear, practical, and investor-ready step by step process for equity funding to help startups raise capital confidently and responsibly.

---

Step 1: Understand What Equity Funding Is

Equity funding means:

• Raising capital by issuing shares
• Investors become partial owners
• No fixed repayment obligation
• Returns depend on company growth and exit

It is ideal for startups focused on scale and long-term value creation.

---

Step 2: Evaluate Whether Equity Funding Is Right for You

Before choosing equity funding, assess:

• Growth potential of your business
• Willingness to share ownership
• Long-term vision and exit plans
• Ability to meet investor expectations

Equity funding suits high-growth, scalable models.

---

Step 3: Decide the Amount to Raise

Determine:

• Required capital amount
• 12–24 months operational runway
• Key milestones to be achieved
• Clear use of funds (product, hiring, marketing)

Raising the right amount avoids unnecessary dilution.

---

Step 4: Prepare Your Business for Equity Investment

Ensure readiness by:

• Structuring the company properly
• Cleaning compliance and filings
• Documenting shareholding and cap table
• Defining business model and growth plan

Prepared startups attract serious investors.

---

Step 5: Identify the Right Equity Investors

Common equity investors include:

• Angel investors
• Seed and early-stage investors
• Venture capital firms
• Strategic investors
• Family offices and HNIs

The right investor adds value beyond capital.

---

Step 6: Create an Investor-Ready Pitch Deck

Your pitch deck should cover:

• Problem and solution
• Market opportunity
• Product or service overview
• Traction and validation
• Revenue model
• Competitive advantage
• Team strength
• Equity ask and use of funds

Strong storytelling increases funding success.

---

Step 7: Determine Startup Valuation

Valuation depends on:

• Business stage
• Revenue and traction
• Market opportunity
• Comparable startups
• Future growth potential

Realistic valuation protects founder equity and investor interest.

---

Step 8: Pitch to Investors & Handle Discussions

During investor meetings:

• Communicate clearly
• Back claims with data
• Be transparent about risks
• Show execution capability

Investors invest in confidence and clarity.

---

Step 9: Negotiate Equity Funding Terms

Key terms to negotiate:

• Valuation and dilution
• Investor rights
• Board and voting rights
• Exit and liquidation clauses
• Future funding flexibility

Founder-friendly terms support long-term control.

---

Step 10: Complete Due Diligence

Investors will review:

• Legal and compliance records
• Financial statements
• Contracts and IP
• Team and governance structure

Due diligence validates business credibility.

---

Step 11: Execute Legal Agreements

Equity funding involves:

• Term sheet
• Share subscription agreement
• Shareholders agreement
• Board and shareholder approvals
• Regulatory filings

Proper documentation ensures legal protection.

---

Step 12: Issue Shares & Receive Funds

After closing:

• Receive investment funds
• Allot shares to investors
• Issue share certificates
• Update statutory registers
• File required returns

Timely compliance avoids future issues.

---

Step 13: Manage Investor Relationships Post Funding

After equity funding:

• Share regular updates
• Maintain governance standards
• Use investor expertise
• Prepare for future rounds

Strong relationships unlock follow-on funding.

---

Common Equity Funding Mistakes by Startups

• Over-dilution at early stages
• Accepting the wrong investors
• Ignoring legal and compliance aspects
• Unrealistic valuation expectations
• Weak investor communication

Avoiding these mistakes improves long-term outcomes.

---

Why Choose Saving Mantra for Equity Funding Support

Saving Mantra helps startups with:

• Equity funding readiness assessment
• Valuation and dilution planning
• Pitch deck and financial modeling
• Investor identification and negotiations
• End-to-end legal and compliance support

We help startups raise smart equity, not expensive equity.

---

Conclusion

Equity funding is a powerful growth tool when done right. With proper planning, realistic valuation, investor alignment, and strong compliance, startups can use equity funding to build scalable and sustainable businesses.

Follow this step by step equity funding process to raise capital with confidence and clarity.

---

Disclaimer

This blog is for informational and educational purposes only and does not constitute legal, financial, or investment advice. Equity funding structures, valuations, and outcomes depend on business models, market conditions, and investor discretion. Readers are advised to consult qualified legal and financial professionals before raising equity capital.

Saving Mantra Blog: Step-by-Step Process for Buying Property for NRI in India

Investing in Indian real estate is a popular choice for NRIs to secure long-term wealth, rental income, or retirement plans. However, purchasing property in India requires careful adherence to RBI, FEMA, and legal regulations.

This Saving Mantra guide explains the step-by-step process for NRIs to buy property in India, including eligibility, documentation, financing, taxation, and legal compliance.

---

✔ Step 1: Check NRI Eligibility

NRIs and Persons of Indian Origin (PIO) can purchase:

• Residential property (apartments, houses, villas)
• Commercial property (office, shops)

Restrictions:

• NRIs cannot buy agricultural land, plantation land, or farmhouses in India without special RBI permission.

---

✔ Step 2: Determine Budget and Location

• Decide on the city and type of property (residential vs. commercial)
• Research property prices, legal status, amenities, and resale potential
• Consider proximity to workplaces, schools, and hospitals if intending to stay in India

---

✔ Step 3: Open NRE/NRO Bank Account

• Required for property transactions
• NRE Account: Repatriable funds for purchase
• NRO Account: Non-repatriable, used for income earned in India
• Funds for property transfer must flow through these accounts for RBI compliance

---

✔ Step 4: Obtain PAN Card

• Mandatory for buying property in India
• Required for property registration, tax deductions, and sale/purchase transactions

---

✔ Step 5: Conduct Property Due Diligence

Before buying:

• Check title deed, encumbrance certificate, property approvals, and legal clearances
• Ensure no litigation or pending dues
• Verify RERA registration (if applicable) for residential projects
• Review builder agreements carefully

---

✔ Step 6: Finance Options for NRIs

• NRIs can avail home loans from Indian banks for residential property
• Loan amount depends on NRI’s income, credit score, and property value
• Banks may require:
  • Passport and visa
  • PAN card
  • Overseas address proof
  • NRE/NRO account proof
  • Income proof

---

✔ Step 7: Make Offer and Execute Sale Agreement

• Negotiate price and payment terms with the seller
• Sign Sale Agreement / Agreement to Sell
• Pay advance amount (usually 10–20% of property value)
• In
  • Total price, payment schedule
  • Possession date
  • Builder/seller obligations
  • Penalty clauses

---

✔ Step 8: Property Registration

• Required by State Registration Authority
• Documents required:
  • Sale deed
  • PAN of buyer/seller
  • Passport/OCI card for NRI
  • Payment receipts
  • NRE/NRO account details for fund transfer
• Stamp duty and registration fees vary by state (typically 5–10%)
• Registration ensures legal ownership transfer

---

✔ Step 9: Compliance with RBI/FEMA Rules

• Fund transfer through NRE/NRO accounts only
• No cash payments allowed above ₹2 lakh
• Repatriation of property sale proceeds:
  • Residential property: Up to USD 1 million per financial year
  • Must comply with FEMA guidelines

---

✔ Step 10: Taxation on Property

• TDS on property purchase: 1% for sale of property > ₹50 lakhs (if seller is resident)
• Rental income: Taxed under Indian Income Tax
• Capital gains tax: On resale of property
• Consider Double Taxation Avoidance Agreement (DTAA) if paying tax abroad

---

✔ Step 11: Property Management

• Hire a local property manager for maintenance and rental collection
• Pay municipal taxes, utility bills, and society charges
• Keep records for income tax and repatriation purposes

---

Conclusion

Buying property in India as an NRI is a rewarding investment if done carefully. By following the step-by-step process—account setup, due diligence, legal compliance, RBI rules, and taxation—NRIs can safely invest and enjoy returns while ensuring full regulatory compliance.

---

Disclaimer

This blog is for informational purposes only and does not constitute legal, tax, or financial advice. Property laws, RBI/FEMA rules, and taxation may change. NRIs should consult legal and tax professionals before buying property in India.

What Is a Revised Income Tax Return?

A Revised Income Tax Return is filed when a taxpayer needs to correct mistakes or omissions in an already filed Income Tax Return (original or belated).
This facility is provided under Section 139(5) of the Income Tax Act, 1961 by the Income Tax Department.

A revised return replaces the original return and allows taxpayers to correct genuine errors without facing penalties.

---

When Can You File a Revised Return?

You can file a revised return if:

• Income was missed or wrongly reported
• Wrong ITR form was selected
• Deductions or exemptions were missed
• Incorrect bank, TDS, or income details were entered
• Capital gains or interest income was omitted

✔ Revised return can be filed even if the original return was filed on time or belatedly.

---

Who Can File a Revised Return?

• Individuals
• Salaried taxpayers
• Businesses & professionals
• LLPs & companies
• Trusts & NGOs
• Partnership firms

Provided that:

• Original or belated return has already been filed

---

Time Limit for Filing Revised Return

• Revised return can be filed up to 31st December of the relevant assessment year
  or
• Before completion of assessment, whichever is earlier

---

Documents Required for Filing Revised Return

• Original ITR acknowledgment number
• PAN & Aadhaar
• Form 16 / Form 26AS / AIS
• Bank statements
• Investment proofs
• Capital gains details (if applicable)
• Tax payment challans (if any)

---

Step-by-Step Process for Filing Income Tax Revised Return

Step 1: Identify the Error

Identify what needs correction:

• Income amount
• Deduction claim
• ITR form
• Tax computation

Only genuine corrections should be made.

---

Step 2: Recalculate Tax Liability

• Recompute total income
• Calculate revised tax liability
• Pay additional tax if required

---

Step 3: Login to Income Tax Portal

• Login using PAN credentials
• Go to e-File → Income Tax Returns → File Income Tax Return

---

Step 4: Select Assessment Year

• Choose the relevant Assessment Year
• Select Revised Return as filing type

---

Step 5: Enter Original Return Details

• Enter original acknowledgment number
• Select filing date of original return

---

Step 6: Fill Corrected Return Details

• Update income, deductions, or other fields
• Ensure data matches AIS and Form 26AS
• Validate all schedules carefully

---

Step 7: Validate and Submit Revised Return

• Validate return
• Submit revised return online

---

Step 8: Verify the Revised Return

• Aadhaar OTP
• Net banking
• EVC or DSC (where applicable)

⚠️ Revised return is invalid without verification.

---

Important Points to Remember

• A revised return replaces the original return
• Multiple revisions are allowed within due date
• Revised return may result in:
  • Additional tax payable
  • Reduced tax liability
  • Increased refund
• Filing revised return early avoids notices

---

Common Mistakes to Avoid

• Filing revised return after due date
• Entering wrong acknowledgment number
• Revising return for ineligible changes
• Not paying additional tax before submission
• Forgetting to verify the revised return

---

Benefits of Filing Revised Return

• Correct errors without penalties
• Avoid income tax notices
• Accurate tax records
• Peace of mind
• Faster processing and refunds

---

Why Choose Saving Mantra for Revised Return Filing?

• Expert review of original return
• Accurate recomputation of tax
• End-to-end revised return filing
• AIS & compliance checks
• Complete digital support

---

Disclaimer

This blog is for informational purposes only and does not constitute legal or tax advice. Revised return filing under Section 139(5) is subject to timelines and assessment status. Outcomes depend on individual facts and circumstances. Saving Mantra recommends consulting a qualified tax professional before filing a revised income tax return.

What Is Form 29B?

Form 29B is a certification form under the Income Tax Act, 1961, used for reporting the computation of Minimum Alternate Tax (MAT). It must be certified and digitally signed by a Chartered Accountant (CA) and submitted online on the income tax portal.

Form 29B is applicable when a company’s tax payable under normal provisions is lower than MAT calculated under Section 115JB.

---

Who Is Required to File Form 29B?

Form 29B is mandatory for:

• Companies liable to pay Minimum Alternate Tax (MAT)
• Companies claiming MAT credit
• Companies filing income tax return where MAT provisions apply

⚠️ Individuals, partnership firms, and LLPs are not required to file Form 29B.

---

When Is Form 29B Required?

• When book profit tax (MAT) is higher than normal income tax
• When filing ITR-6 for companies
• When claiming MAT credit in current or future years

---

Due Date for Filing Form 29B

• On or before the due date of filing Income Tax Return
• Generally:
  • 31st October – Companies subject to tax audit
  • 30th November – Transfer pricing cases

(Due dates may change as per CBDT notifications.)

---

Documents Required for Form 29B Filing

• Company PAN
• Financial statements (P&L, Balance Sheet)
• MAT computation under Section 115JB
• Audit report
• ITR details
• Digital Signature Certificate (DSC) of CA

---

Step-by-Step Process to File Online Form 29B

Step 1: Prepare MAT Computation

• Calculate book profit as per Section 115JB
• Adjust profits with additions & deductions
• Compute MAT liability accurately

---

Step 2: CA Login on Income Tax Portal

• CA logs in using their credentials
• Ensure CA is registered on the portal

---

Step 3: Assign CA to Company (If Not Assigned)

• Company logs in → Authorised Partners
• Assign CA using membership number

---

Step 4: CA Downloads Form 29B

• Navigate to e-File → Income Tax Forms
• Select Form 29B
• Download utility (online/offline)

---

Step 5: Fill Form 29B Details

Enter:

• Company details
• MAT computation
• Book profit calculation
• Tax payable under MAT

Ensure consistency with:

• Financial statements
• Audit report
• ITR data

---

Step 6: Validate and Generate XML/JSON

• Validate all entries
• Generate file for upload

---

Step 7: Upload Form 29B

• CA uploads Form 29B on the portal
• Attach required details

---

Step 8: Digitally Sign the Form

• CA signs Form 29B using DSC
• Successful submission acknowledgment generated

---

Step 9: Link Form 29B with ITR

• Ensure Form 29B is submitted before filing ITR-6
• MAT details auto-reflect in income tax return

---

Common Errors to Avoid

• Incorrect book profit calculation
• Mismatch with audit report
• Late filing of Form 29B
• Invalid or expired DSC
• Filing after ITR submission

---

Benefits of Proper Form 29B Filing

• Accurate MAT compliance
• Smooth ITR-6 processing
• Avoid income tax notices
• Correct MAT credit carry-forward
• Strong compliance record

---

Why Choose Saving Mantra for Form 29B Filing?

• CA-certified MAT computation
• Error-free online filing
• DSC & portal support
• Alignment with ITR-6 filing
• Complete corporate tax compliance

---

Disclaimer

This blog is intended for informational and educational purposes only. Form 29B filing and MAT computation are subject to provisions of the Income Tax Act, 1961, and may change from time to time. Saving Mantra does not provide legal or tax guarantees. Readers are advised to consult a qualified Chartered Accountant before filing Form 29B.

GST & LUT Registration in India is essential for businesses engaged in the supply of goods or services, especially exporters. GST Registration ensures tax compliance under the Goods and Services Tax regime, while LUT (Letter of Undertaking) allows exporters to supply goods or services without payment of IGST.

Both GST and LUT processes are governed by the Central Board of Indirect Taxes and Customs (CBIC) under the GST law framework.

---

What is GST Registration?

GST Registration is mandatory for businesses whose turnover exceeds prescribed limits or those involved in inter-state supply, exports, or e-commerce. Upon registration, a business receives a GSTIN (Goods and Services Tax Identification Number), enabling it to collect tax and claim input tax credit.

---

What is LUT Registration under GST?

LUT (Letter of Undertaking) is a declaration filed by exporters stating that they will comply with GST laws and export goods/services without paying IGST. It helps exporters avoid blockage of working capital and simplifies tax compliance.

---

Who Needs GST & LUT Registration?

GST Registration Required For:

• Businesses exceeding turnover limits
• Inter-state suppliers
• Exporters and importers
• E-commerce sellers
• Service providers

LUT Registration Required For:

• Exporters of goods or services
• SEZ suppliers
• Zero-rated supply providers

---

Step-by-Step Process for GST Registration in India

Step 1: Check Eligibility

Verify whether your business is liable for GST registration based on turnover and activity.

Step 2: Prepare Documents

Documents generally required:

• PAN of business and promoters
• Aadhaar & address proof
• Business registration certificate
• Bank account details
• Digital Signature (DSC) / Aadhaar OTP

Step 3: Online GST Application

• Visit the GST portal
• Fill Part A & Part B of GST REG-01
• Upload documents and verify using OTP/DSC

Step 4: Verification & Approval

• GST officer verifies application
• GSTIN is issued upon approval

---

Step-by-Step Process for LUT Registration in India

Step 1: Login to GST Portal

Login using valid GST credentials.

Step 2: Navigate to LUT Filing

Go to Services → User Services → Furnish LUT.

Step 3: Fill LUT Form (GST RFD-11)

• Select financial year
• Enter witness details
• Confirm compliance declarations

Step 4: Submit with DSC / EVC

Submit LUT using DSC or Aadhaar-based EVC.

Step 5: LUT Acknowledgement

• LUT is approved instantly
• Acknowledgement is generated online

---

Documents Required for GST & LUT Registration

GST Registration Documents

• PAN & Aadhaar
• Address proof of business
• Photograph of promoters
• Bank statement or cancelled cheque

LUT Registration Documents

• GSTIN
• Authorized signatory details
• No prosecution declaration (self-declaration)

---

Validity & Renewal

• GST Registration: Valid until cancelled or surrendered
• LUT Registration: Valid for one financial year and must be renewed annually

---

Benefits of GST & LUT Registration

• Legal tax compliance
• Export without payment of IGST
• Improved cash flow
• Eligibility for refunds and incentives
• Increased business credibility

---

Penalties for Non-Compliance

• Late fees and interest
• Cancellation of GST registration
• Blocking of exports
• Monetary penalties and legal action

---

Why Choose Saving Mantra for GST & LUT Registration?

• GST compliance experts
• End-to-end online filing support
• Affordable and transparent pricing
• Fast processing & query resolution
• Ongoing GST compliance assistance

---

Frequently Asked Questions (FAQs)

Is LUT mandatory for exporters?
Yes, LUT is mandatory to export without payment of IGST.

Can a new GST registrant apply for LUT?
Yes, once GSTIN is allotted, LUT can be filed immediately.

How long does GST registration take?
Typically 3–7 working days, subject to verification.

---

Disclaimer

The information provided in this blog is for general informational purposes only and does not constitute legal, tax, or professional advice. GST and LUT rules may change as per government notifications. Saving Mantra recommends consulting qualified tax professionals before proceeding.

EPR Registration in India is mandatory for businesses that introduce plastic, electronic, battery, or packaging waste into the market. EPR stands for Extended Producer Responsibility, a policy that makes producers responsible for the collection, recycling, and environmentally sound disposal of waste generated from their products.

EPR registration and compliance are regulated by the Central Pollution Control Board (CPCB) under various waste management rules notified by the Government of India.

---

What is EPR Registration?

EPR Registration is an authorization issued by CPCB that allows producers, importers, and brand owners (PIBOs) to operate legally while ensuring compliance with environmental waste management obligations.

It ensures that businesses take responsibility for:

• Post-consumer waste collection
• Recycling and disposal
• Reducing environmental impact

---

Who Needs EPR Registration in India?

EPR Registration is required for:

• Producers of plastic packaging
• Importers of packaged products
• Brand owners selling packaged goods
• E-waste manufacturers and importers
• Battery producers and importers

---

Types of EPR Registration

1. Plastic Waste EPR

For entities dealing in plastic packaging material.

2. E-Waste EPR

For manufacturers and importers of electrical and electronic equipment.

3. Battery Waste EPR

For producers and importers of batteries.

---

Step-by-Step Process for EPR Registration in India

Step 1: Identify Applicable EPR Category

Determine whether EPR applies to:

• Plastic waste
• E-waste
• Battery waste
  based on your business activity.

Step 2: Prepare Required Documents

Documents generally include:

• PAN card of business
• GST registration certificate
• Incorporation or business registration proof
• Product and packaging details
• Sales and turnover data

Step 3: Register on CPCB EPR Portal

• Create login on the official CPCB EPR portal
• Select the appropriate EPR category
• Fill in the online application form

Step 4: Upload EPR Plan

Submit an EPR action plan detailing:

• Waste collection mechanism
• Recycling partners
• Annual waste targets

Step 5: Verification by CPCB

• CPCB scrutinizes documents and EPR plan
• Queries may be raised for clarification

Step 6: Grant of EPR Authorization

• Upon approval, EPR Registration Certificate is issued
• Authorization number is allotted

---

Documents Required for EPR Registration

• PAN & GST certificate
• Company incorporation documents
• Authorized signatory details
• Product list with packaging details
• Agreement with recyclers (if applicable)

---

Validity & Renewal of EPR Registration

• EPR authorization is usually valid for 1 year
• Renewal is mandatory before expiry
• Annual returns and compliance reports must be filed

---

Benefits of EPR Registration

• Legal compliance with environmental laws
• Avoids penalties and business disruption
• Enhances brand reputation
• Supports sustainable business practices
• Mandatory for selling on marketplaces

---

Penalties for Non-Compliance

• Heavy environmental compensation
• Suspension or cancellation of business operations
• Legal action by pollution control authorities
• Blocking of product sales

---

Why Choose Saving Mantra for EPR Registration?

• Expert environmental compliance consultants
• End-to-end EPR documentation & filing
• Affordable pricing
• Quick resolution of CPCB queries
• Post-registration compliance support

---

Frequently Asked Questions (FAQs)

Is EPR registration mandatory in India?
Yes, it is mandatory for producers, importers, and brand owners dealing with regulated waste categories.

How long does EPR registration take?
Generally 15–30 working days, depending on document accuracy and CPCB review.

Is EPR required for small businesses?
Yes, EPR applies regardless of business size if covered under waste rules.

---

Disclaimer

The information provided in this blog is for general informational purposes only and does not constitute legal, environmental, or professional advice. EPR rules and procedures may change as per government notifications. Saving Mantra recommends consulting qualified professionals before proceeding.

Business Certifications in India help organizations prove their credibility, quality, and legal compliance. These certifications are issued by government authorities or accredited bodies and play a vital role in building trust with customers, investors, banks, and regulators.

Certifications may relate to quality, safety, taxation, MSME status, exports, or industry-specific compliance, and many are essential for business growth and participation in tenders.

---

What are Business Certifications?

Business Certifications are official approvals or recognitions that confirm a business meets specific standards, laws, or quality benchmarks. They act as proof that a company follows prescribed guidelines set by regulatory or standard-setting authorities.

Some certifications are mandatory, while others are voluntary but highly beneficial.

---

Common Types of Business Certifications in India

1. Quality & Management Certifications

• ISO Certifications (ISO 9001, ISO 14001, ISO 45001, etc.)
• Issued by accredited certification bodies under standards set by the
  International Organization for Standardization

2. MSME Certification (Udyam Registration)

• Government recognition for Micro, Small & Medium Enterprises
• Enables access to subsidies, loans, and government schemes

3. Tax & Legal Certifications

• GST Registration
• Professional Tax Registration
• Shops & Establishment Registration

4. Industry-Specific Certifications

• Food, medical, manufacturing, export-import related certifications
• Required to operate in regulated sectors

---

Step-by-Step Process for Business Certifications in India

Step 1: Identify Required Certification

Determine which certification is applicable based on:

• Nature of business
• Industry type
• Turnover and size
• Regulatory requirements

Step 2: Check Eligibility Criteria

Review eligibility conditions such as:

• Business constitution
• Operational readiness
• Financial and legal compliance

Step 3: Prepare Documentation

Common documents include:

• Business registration proof
• PAN & address proof
• Process details or compliance records
• Financial statements (if required)

Step 4: Application Filing

• Apply online or offline with the concerned authority or certification body
• Pay applicable government or certification fees

Step 5: Verification / Audit

• Authorities may verify documents
• On-site inspection or audit may be conducted for quality certifications

Step 6: Issuance of Certificate

• After successful verification, the certificate is issued
• Certificate validity is mentioned clearly

---

Documents Required for Business Certifications

• PAN Card of business
• Address proof of office/factory
• Incorporation or registration certificate
• List of activities/products/services
• Compliance records (as applicable)

---

Validity & Renewal

• Validity varies by certification
• ISO & quality certifications: usually valid for 3 years
• Government registrations may require periodic renewal
• Non-renewal may lead to penalties or cancellation

---

Benefits of Business Certifications

• Enhances business credibility and trust
• Helps in government tenders and funding
• Improves customer confidence
• Supports domestic and international expansion
• Ensures legal and regulatory compliance

---

Who Should Get Business Certifications?

• Startups and MSMEs
• Manufacturing units
• Service providers
• Exporters & importers
• Businesses applying for tenders or funding

---

Why Choose Saving Mantra for Business Certifications?

• Expert compliance consultants
• End-to-end certification support
• Affordable and transparent pricing
• Faster processing and follow-ups
• Post-certification compliance guidance

---

Frequently Asked Questions (FAQs)

Are business certifications mandatory in India?
Some certifications are mandatory by law, while others are voluntary but highly recommended.

How long does certification take?
It usually takes 7 days to a few weeks, depending on the certification type.

Can startups apply for business certifications?
Yes, startups can apply and gain significant benefits in credibility and growth.

---

Disclaimer

The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. Certification rules and procedures may change from time to time. Saving Mantra recommends consulting qualified professionals before proceeding.

Quality Certification is a formal recognition that a product, service, or management system meets defined quality standards. It helps businesses demonstrate reliability, consistency, and compliance with national or international benchmarks. In today’s competitive market, quality certification is not just a compliance requirement but a powerful tool for building trust and credibility.

Most quality standards are developed and maintained by organizations such as the International Organization for Standardization (ISO) and other accredited certification bodies.

---

What is Quality Certification?

Quality Certification is an independent verification process through which a certifying authority confirms that a company follows specific quality standards in its operations, manufacturing, or service delivery.

It assures customers, regulators, and stakeholders that:

• Products or services are safe and reliable
• Processes are consistent and controlled
• Continuous improvement practices are followed

---

Why is Quality Certification Important?

Quality certification plays a crucial role in modern business because it:

• Builds customer confidence
• Enhances brand reputation
• Ensures regulatory compliance
• Improves internal efficiency
• Supports market expansion (domestic & international)

---

Common Types of Quality Certifications

1. ISO 9001 – Quality Management System

• Focuses on process efficiency and customer satisfaction
• Applicable to all types of organizations

2. Product Quality Certification

• Ensures products meet safety and performance standards
• Often mandatory for regulated industries

3. Industry-Specific Quality Certifications

• Food, medical devices, pharmaceuticals, and manufacturing sectors
• Ensures sector-specific compliance and safety

---

Step-by-Step Process of Quality Certification

Step 1: Identify Applicable Standard

Determine the quality standard relevant to your business or product.

Step 2: Gap Analysis

Evaluate existing processes against the standard requirements.

Step 3: Documentation

Prepare quality manuals, policies, SOPs, and records.

Step 4: Implementation

Apply quality processes across operations and train employees.

Step 5: Internal Audit

Conduct an internal review to ensure readiness for certification.

Step 6: Certification Audit

An accredited certification body conducts an external audit.

Step 7: Issuance of Certificate

On successful audit, the quality certificate is issued.

---

Documents Required for Quality Certification

• Business registration documents
• Quality policy and objectives
• Process flow charts & SOPs
• Training records
• Internal audit reports

---

Validity & Renewal of Quality Certification

• Most quality certifications are valid for 3 years
• Surveillance audits are conducted annually
• Renewal is required after the validity period

---

Benefits of Quality Certification

• Increased customer trust
• Better operational control
• Reduced errors and rework
• Competitive advantage in tenders
• Improved market credibility

---

Who Should Get Quality Certification?

• Manufacturing companies
• Service providers
• Startups and MSMEs
• Exporters and importers
• Government contractors

---

Why Choose Saving Mantra for Quality Certification?

• Expert quality compliance consultants
• End-to-end certification support
• Affordable pricing for MSMEs
• Fast-track documentation & audits
• Ongoing compliance assistance

---

Frequently Asked Questions (FAQs)

Is quality certification mandatory in India?
Not always. It is mandatory only for certain products or industries but highly recommended for all businesses.

How long does quality certification take?
Typically 2–6 weeks, depending on business size and readiness.

Can startups apply for quality certification?
Yes, startups and small businesses can apply and benefit greatly.

---

Disclaimer

The information provided in this blog is for general informational purposes only and does not constitute legal, technical, or professional advice. Certification requirements and standards may change over time. Saving Mantra recommends consulting qualified professionals or certification bodies before proceeding.