Cost of starting a one person shell company for saving GST amount?

Airtel said they require minimum 5 people headcount for corporate postpaid. So you plan to do that as well? Or is it something different 

Setting up an OPC generally costs you around 10K including the consultancy fee and MCA fee, the initial investment amount however is different and can be as low as 10K(or maybe lower), for maintaining that you have to file the annual return with MCA which can be a hassle for a "shell" company also there is GST compliance as well apart from MCA compliance, why don't you just get the GST and a business registered under Proprietor Act? or like just get the GST only instead of going all the way with Shell Company.

Interesting thread

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Income tax and ED.... Are following up with this thread

CapEx:

Cost of Setting up of the company

OpEx:

Statutory Audit 

Maintainence of Books of Accounts 

GST Monthly Compliance

Income Tax Return

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These are minimal expenses of any company.

Disclaimer:

Only for educational purposes. Not encouraging OP's intention to set-up shell company.

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Haven't mentioned any amount as costs vary across country.

you need to raise fake bills to get your gst amount adjusted as gst refund is not possible. 

raising fake gst bills is crime as per act. Person who dose this is liable to penalty as well as jail term. 

You will lose more than you save.
Simple and small advice: Avoid.

Please stop calling it shell right from the start. Let investigator decide if it's just a shell or skeletons 😄

@Ramta_Jogi

guest_999 wrote:

@Ramta_Jogi

True... Yeh alag hi level ki soch hai. 

Practical approach to "Aa baeil mujhe maar", I must say. Genius. 

If you don't have any actual taxable sales and GST to pay, what will you do with those ITC ? Govt won't deposit them in your bank account. ITC can only be adjusted against GST Liability.

MrThanos wrote:

If you don't have any actual taxable sales and GST to pay, what will you do with those ITC ? Govt won't deposit them in your bank account. ITC can only be adjusted against GST Liability.

Karna kya chahte ho

I will help you Please share your pan card number and adhar card 😬