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What is Digital Signature

Digital signature certificates or DSC are required for filing income tax returns, company filings, import export clearance and e-tenders. mybusinessfilings offers DSC tokens from Rs.500/-

A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the sender of an electronic document in the Internet. Digital Signatures are used in India for online transactions such as Income Tax E-Filing, Company or LLP Incorporation, Filing Annual Return, E-Tenders, etc., There are three types of Digital Signatures, Class I, Class II and Class III Digital Signature. Class I type of Digital Signatures are only used for securing email communication. Class II type of Digital Signatures are used for Company or LLP Incorporation, IT Return E-Filing, Obtaining DIN or DPIN, and filing other forms with the Ministry of Corporate Affairs and Income Tax Department. Class III type Digital Signatures are used mainly for E-Tendering and for participating in E-Auctions. Digital Signatures come in the form of a USB E-Token, wherein the Digital Signature Certificate is stored in a USB Drive and can be accessed through a computer to sign documents electronically.

As per the DSC Council, entities in the Northeaster and hill states with an annual turnover of Rs.10 lakhs and above would be required to obtain DSC registration. For all other entities in rest of India would be required to obtain DSC registration, if annual turnover exceeds Rs.20 lakhs. Entities required to obtain DSC registration as per regulations must file for DSC registration within 30 days from the date on which the entity became liable for obtaining DSC registration.

With E-Return filing becoming mandatory for Income Tax Assesses with an income of over Rs.5 lakhs per annum, the requirement and prevalence of Digital Signatures has increased manifold. Mybusinessfilings can help you obtain your Digital Signature hassle-free online. Mybusinessfilings is a Registered Partner of SIFY and E-Mudhra.

Digital Signature - Class 2 or Class 3

A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the sender of an electronic document in the Internet. Digital Signatures are used in India for online transactions such as Income Tax E-Filing, Company or LLP Incorporation, Filing Annual Return, E-Tenders, etc., There are three types of Digital Signatures, Class I, Class II and Class III Digital Signature. Class I type of Digital Signatures are only used for securing email communication. Class II type of Digital Signatures are used for Company or LLP Incorporation, IT Return E-Filing, Obtaining DIN or DPIN, and filing other forms with the Ministry of Corporate Affairs and Income Tax Department. Class III type Digital Signatures are used mainly for E-Tendering and for participating in E-Auctions. Digital Signatures come in the form of a USB E-Token, wherein the Digital Signature Certificate is stored in a USB Drive and can be accessed through a computer to sign documents electronically. With E-Return filing becoming mandatory for Income Tax Assesses with an income of over Rs.5 lakhs per annum, the requirement and prevalence of Digital Signatures has increased manifold. mybusinessfilings can help you obtain your Digital Signature hassle-free online. mybusinessfilings is a Registered Partner of SIFY and E-Mudhra.

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Reasons to Obtain Digital Signature

Class II Digital Signature

Class II Digital Signatures are used for Income Tax E-Filing, Company or LLP Incorporation, Annual Return Filing, etc., Class II Digital Signatures are required to file documents electronically with the Ministry of Corporate Affairs and Income Tax Department.

E-Token

Digital Signature Certificate are stored on a secure USB flash drive called a E-Token . The Digital Signature Certificate stored in the USB flash drive must be connected to a computer to electronically sign a document.

Registering Authority

Mybusinessfilings is a Licensed Registering Authority of Sify and E-Mudhra. Therefore, mybusinessfilings can help you obtain Sify or E-Mudhra Digital Signatures hassle-free and quickly.

Class III Digital Signature

Class III Digital Signatures provide the highest level of assurance and are used for E-Auctions and E-Tendering. Government entities like the Indian Railways, Banks, etc., require Class III Digital Signatures to participate in their E-Tenders.

Validity

Digital Signatures usually come with a validity of one or two years. The validity of the Digital Signature can be renewed once the term of the previous Digital Signature expires.

Essential Facts on Trademark

you can apply for DSC Registration online. You can simply register your business on the official DSC portal and then scan and upload all the required documents. You will then receive an acknowledgement. A DSCIN will be generated on acceptance of the application and a temporary password and login will be sent. DSCIN is a unique 15-digit ID.

The exemption limit is a supply turnover of Rs. 20 lakh for businesses in all but the Indian states in the northeast region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura must get a DSC registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.

The composition scheme would be applicable to businesses with a turnover of up to Rs. 50 lakh. Such taxpayers would pay a fixed percentage of its turnover and cannot avail of the benefits of input tax credit. Such businesses cannot collect tax from its customers. The floor rate of tax cannot be less than 1%.

Yes, DSC applies to all service providers, manufacturers and traders. It extends to any dealers, bloggers, and writers, earnings from Google AdWords through PayPal, import-export businesses, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships or private limited companies. It also applies, regardless of the threshold limit, to:
1. Businesses operating outside their home state
2. A business not registered to the state
3. Businesses paying a reverse charge
4. Input service distributor
5. E-commerce operators
6. Aggregators selling services under own brand name (Ola, for example)
7. Online sellers
8. Suppliers or agents

Registration Cost

All Inclusive Pricing - No Hidden Fee

Basic

2899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account

Standard

5899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account
  • LEDGERS Accounting Software
  • EQL Business Credit Card

Premium

10899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account
  • EQL Business Credit Card
  • Trademark Filing

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