Sole Proprietorship Registration Online — Udyam, GST, Shop Act and Bank Account at ₹4,999 + Govt. Fee
What a sole proprietorship is, and who should start one
A sole proprietorship is a business owned and run by one person. It is not a separate legal entity: the owner and the business are the same person for law and tax, income is taxed at the owner's slab rates, and the owner is personally liable for every debt. There is no law under which a proprietorship is incorporated, which is why it is the fastest and cheapest way to start — and why proving its existence to a bank takes a little planning.
Banks, marketplaces and government portals treat any two registrations in the trade name as proof of the business: Udyam (MSME) registration, GST registration, a Shop & Establishment certificate, an FSSAI licence for food, or a professional-tax registration in states that levy it. BookMyCA obtains the right combination for your business for a flat ₹4,999 professional fee; Udyam and GST carry no government fee at all.
A proprietorship fits you if you
- •Are a freelancer, consultant, retailer, small trader, home-based seller or service provider starting alone
- •Want to open a current account and invoice under a trade name this week
- •Expect turnover that suits presumptive taxation under section 44AD (business) or 44ADA (professionals)
- •Are testing an idea and will move to an OPC, LLP or private limited company once it works
Which registrations make up a proprietorship
| Registration | Who needs it | Government fee |
|---|---|---|
| Udyam (MSME) registration | Every proprietor; free, Aadhaar and PAN based, instant certificate; unlocks MSME benefits and collateral-free credit schemes | Nil |
| GST registration | Mandatory above ₹40 lakh turnover for goods or ₹20 lakh for services (lower in special-category states), for inter-state supply of goods, or for selling on e-commerce platforms; voluntary otherwise | Nil |
| Shop & Establishment registration | Shops, offices and commercial establishments under the state Act; also the most widely accepted trade-name proof | State fee, usually a few hundred rupees, based on number of employees |
| FSSAI registration / licence | Any food business | ₹100 per year (basic registration) upward |
| Professional tax registration | Employers and professionals in states such as Maharashtra, Karnataka, West Bengal, Gujarat, Telangana | State fee |
| Import Export Code (IEC) | Anyone importing or exporting | ₹500 |
| Trade licence | Where the municipal corporation requires it for the activity | Municipal fee |
Documents required for sole proprietorship registration
Owner
- •PAN card
- •Aadhaar card linked to a mobile number
- •Passport-size photograph
- •Bank account details (savings, for Udyam)
- •Email and mobile number
Business premises
- •Electricity bill or property tax receipt (owned)
- •Rent agreement and owner's NOC (rented)
- •Photograph of the premises with name board (for GST and Shop Act in some states)
For GST specifically
- •Trade name and nature of business
- •Bank proof: cancelled cheque or first page of passbook
- •Digital signature or Aadhaar e-KYC for authentication
How we set up your proprietorship
- 1Day 1 — Consultation: trade name check against trademarks, which registrations you need, and whether presumptive tax under 44AD/44ADA suits you.
- 2Day 1 — Udyam registration filed with Aadhaar and PAN; the certificate is usually instant.
- 3Day 1–2 — Shop & Establishment application filed on the state labour portal with premises proof.
- 4Day 2–5 — GST registration filed with Aadhaar authentication; GSTIN normally within 3–7 working days, longer if the officer seeks physical verification.
- 5Day 5–7 — Bank current account opened with Udyam and GST or Shop Act certificates in the trade name.
- 6Handover — letterhead, invoice format with GSTIN, tax calendar and the record-keeping set-up you need for presumptive or regular taxation.
Proprietorship registration fees
| Item | Amount | Charged by |
|---|---|---|
| BookMyCA professional fee | ₹4,999 (Udyam, GST, Shop Act, bank support, tax set-up) | BookMyCA |
| Udyam registration | Nil | Ministry of MSME |
| GST registration | Nil | GSTN |
| Shop & Establishment registration | State fee at actuals | State Labour Department |
| FSSAI / IEC / professional tax, if applicable | As per the respective authority, at actuals | FSSAI, DGFT, State |
What BookMyCA delivers for ₹4,999
- •CA consultation on proprietorship versus OPC and on presumptive taxation
- •Trade-name search against the trademark registry
- •Udyam registration certificate
- •GST registration (if required or advised) with invoice format
- •Shop & Establishment registration under your state's Act
- •Bank current-account opening support with the accepted proofs
- •Tax calendar: advance tax, GST returns, ITR-3 or ITR-4 due dates
Tax and compliance for a proprietor
| Item | Rule | Notes |
|---|---|---|
| Income tax | Business income added to the owner's total income and taxed at slab rates | No separate return for the business |
| Presumptive taxation | Section 44AD: 8% of turnover (6% for digital receipts) up to ₹2 crore, or ₹3 crore if 95% receipts are digital; section 44ADA: 50% of gross receipts for professionals up to ₹50 lakh / ₹75 lakh | No books of account or audit needed if opted |
| Tax audit | Turnover above ₹1 crore (₹10 crore with 95% digital transactions) unless presumptive scheme is used | Section 44AB |
| Income-tax return | ITR-4 (presumptive) or ITR-3 by 31 July; 31 October if audited | Advance tax in four instalments, or one instalment by 15 March under presumptive scheme |
| GST returns | GSTR-1 and GSTR-3B monthly, or quarterly under QRMP | Composition scheme available up to ₹1.5 crore turnover for eligible traders |
| TDS | Deduct TDS only if turnover crossed the audit threshold in the previous year | TAN required in that case |
Mistakes to avoid
- •Using a trade name that is a registered trademark; the marketplace or a legal notice will make you rebrand
- •Registering for GST when you do not need it and then skipping the monthly returns — late fees accrue even on nil returns
- •Mixing personal and business bank accounts, which makes presumptive-tax proof and loan applications painful
- •Assuming Udyam alone opens a current account; most banks want two proofs in the trade name
Frequently asked questions on proprietorship registration
No single certificate exists because a proprietorship is not incorporated under any Act. Udyam, GST and Shop & Establishment certificates in the trade name serve as the registration proof for banks and customers.
BookMyCA's fee is ₹4,999. Udyam and GST registration carry no government fee; the Shop & Establishment fee is a small state charge. FSSAI, IEC or professional tax are extra at actuals only if your business needs them.
Only above the turnover threshold (₹40 lakh goods, ₹20 lakh services in most states), for inter-state supply of goods, or for selling on e-commerce platforms. Many proprietors register voluntarily to claim input credit and to satisfy B2B customers.
Yes. The trade name goes on Udyam, GST and the Shop Act certificate. To stop others using it, file a trademark; a proprietorship registration does not protect the name.
Profit is added to your personal income and taxed at slab rates. Under section 44AD you can declare 8% (6% digital) of turnover as profit without maintaining books, up to ₹2 crore or ₹3 crore with 95% digital receipts.
Yes. Register under the Shop & Establishment Act, and under EPFO and ESIC once you cross 20 and 10 employees respectively.
You incorporate the new entity and transfer the business to it; with the right structuring under section 47(xiv) the transfer can be tax-neutral. We handle both steps.