EIN Registration

Starting a business in India requires proper tax registration and compliance with government regulations. Employer Identification Number (EIN) is associated with the US, whereas in India, businesses need a similar registration to comply with taxation and business laws. In India, this function is fulfilled by different tax identification numbers, such as PAN (Permanent Account Number) and GSTIN (Goods and Services Tax Identification Number). If you are looking for EIN registration in Delhi or anywhere in India, then Startup Club India is here to guide you throughout the entire process, making the process easy and hassle-free.

What is EIN Registration?

An Employer Identification Number (EIN) is a unique identification number assigned to businesses for tax and regulatory purposes. India does not have a direct equivalent of the EIN used in the US; businesses in India must obtain their own tax identification numbers, depending on their nature and operations. These include:

• PAN (Permanent Account Number) - This is needed for all businesses to conduct financial transactions and file taxes.

• GSTIN (Goods and Services Tax Identification Number) - Businesses involved in the sale of goods and services.
• TAN (Tax Deduction and Collection Account Number) - For businesses that deduct or collect tax at the source.

Why is EIN Registration Important for Businesses in India?

For everyone, be it sole proprietor, partnership firm or private limited company, registering for tax identification numbers is a must. Mentioned below are some reasons why EIN registration is important:

• Legal Compliance
• Tax Filing and Deductions
• Business Banking and Credit
• Hiring Employees

How to Obtain an EIN (Tax ID) for Your Business in India

If you want to obtain an EIN number, known as a TAX Identification in India, follow the steps mentioned below:

1.  Apply for PAN (Permanent Account Number)

All businesses in India must have a PAN number. From the Income Tax Department, you get your PAN number issued. Here is how you can apply:

Online Application

• Open the official portal of the Income Tax Department.

• Fill out Form 49A for Indian businesses or Form 49AA for foreign entities.
• Upload required documents, such as ID proof, address details, and business registration certificates.
• Pay the applicable fee online.
• Once the submission is done successfully, you will receive an acknowledgement receipt with a unique reference number.
• Once approved, you will receive the PAN card within 15-20 working days.

Offline Application

• Visit the closest PAN facilitation centre or NSDL TIN-FC (Tax Information Network Facilitation Centre).

• Same as the online application process, fill out Form 49A and submit the required documents such as proof of identity, address, and business registration.

• Now, make the payment, and you will receive the PAN card within 15-20 days.  

2.  Register for GSTIN (Goods and Services TaxIdentification Number)

If your business is engaged in the supply of goods and services with a turnover crossing 40 lakhs, you must apply for GSTIN. 

• Visit the GST portal.
• Select ‘New Registration’ and enter the necessary details to proceed.
• Upload business documents, PAN, and bank details.
• Once verified, you will receive a GSTIN.

3.  TAN (Tax Deduction and Collection Account Number)

If your business deducts tax at the source, then applying for TAN is compulsory.

• Visit the NSDL-TIN website
• Form 49B should be filled
• Submit the required documents
• Once approved, the TAN number will be issued

While the Employer Identification Number (EIN) is a U.S. term, businesses in India must complete their own tax and business registrations, such as PAN, GSTIN, and TAN. If you’re planning to register your company in India. Then, you must understand the necessary registrations and compliance requirements. Startup Club India can help you simplify the process. Besides India, we also provide our services in other countries as well, like the United States, the United Kingdom, the United Arab Emirates, Canada, Australia, Singapore, Germany, Hong Kong, and South Africa.