Career
Initial Business setup
Launching your business? Choose the right path from the start and make the right choice from the outset. Deciding on the suitable business entity— be it a Proprietorship, Limited Company, or LLP— is crucial. Trust our expertise to guide you through this pivotal decision. Ensure your business structure aligns perfectly with your vision and goals. Start smart, and start strong with our professional consultation.
Partnership Firm
Private Limited Company
One Person Company
LLP
Subsidary of Foriegn Company
Public Limited Company
Section 8 Company
Trust Formation
Proprietorship Concern
Partnership Firm
A partnership firm is a type of business entity where two or more individuals come together to jointly operate a business with a shared goal of making a profit. In a partnership firm, the partners contribute capital, share responsibilities, and collectively make decisions regarding the business operations. Partnership firms are governed by a partnership agreement, which outlines the terms of the partnership, including profit-sharing arrangements, decision-making processes, and other relevant details.
Proprietorship Concern
The straightforward route to entrepreneurship, operated by a single individual. Seamlessly start your venture with minimal formalities and full autonomy.
Private Limited Company
A private limited company in India is a type of business entity that is privately held and enjoys limited liability. It is governed by the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs. Key features are
Limited Liability
Separate Legal Entity
Shareholders with minimum two to maximum 200 members
Minimum two director and atleast one of them must be a resident of India
Private limited companies issue shares to their shareholders to raise capital
LLP
LLP stands for Limited Liability Partnership. In India, LLP is a legal entity where the liability of the partners is limited to their agreed contribution in the LLP. It combines the benefits of both a partnership and a corporation. LLPs are governed by the Limited Liability Partnership Act, 2008, and they are registered and regulated by the Ministry of Corporate Affairs (MCA).
Public Limited Company
In India, a Public Limited Company is a type of business entity that is incorporated under the Companies Act, 2013. Here are the key features of a Public Limited Company in India:
Limited Liability
The liability of the shareholders of a public limited company is limited to the extent of their unpaid share capital. Their personal assets are protected from the debts and liabilities of the company.
Minimum Number of Members
A public limited company must have a minimum of seven shareholders, and there is no restriction on the maximum number of shareholders.
Public Trading
Shares of a public limited company can be freely traded on stock exchanges, allowing the company to raise capital from the public by issuing shares through Initial Public Offerings (IPOs) and subsequent public offerings.
Minimum Capital Requirement
A public limited company must have a minimum paid-up capital as prescribed by law, although this requirement is often nominal.
Regulatory Compliance
Public Limited Companies are subject to strict regulatory compliance requirements, including filing of annual returns, conducting statutory audits, and adhering to corporate governance norms prescribed by the Securities and Exchange Board of India (SEBI) and other regulatory authorities.
Management Structure
The management of a public limited company is typically structured with shareholders electing a board of directors to oversee the company's affairs. The board appoints executive management to run the day-to-day operations of the company.
Income Tax
Income tax is mandatory for all entities including companies, individuals, partnerships, and trusts, serving as a legal obligation. Timely filing and maintenance of income tax records are imperative for business people to ensure compliance and avoid penalties. These documents not only fulfill regulatory requirements but also facilitate financial transparency and credibility. Thus, adherence to income tax regulations is essential for the smooth operation and growth of businesses.
Tax Planning and Advisory
Income Tax Return Filing
Income Tax Appeal and Representations
Transfer Pricing
Tax Due Diligence
International Taxation
GST
In the intricate web of modern business, one indispensable component stands tall: The Goods and Services Tax (GST). In today’s dynamic economic environment, GST has become more than just a tax. Without GST, the very foundations of business transactions would be at risk. From the simplest act of opening a bank account to complex supply chain management, GST permeates every aspect of commercial operations.
One of the most pressing issues faced by businesses in the GST era is the deluge of notices and clarifications from tax authorities. Without a seasoned professional by their side, navigating these communications can be daunting, potentially leading to costly penalties and legal entanglements. We play a pivotal role in interpreting these notices, crafting appropriate responses, and representing businesses in any ensuing proceedings.
GST Registration
GST Return Filing
GST Refund Claims
GST Audit and Assessment
LUT Filing
GST Appeals and Representation
GST Registration Services
New GST Registration
Assistance with obtaining GST registration for businesses across various sectors.
Guidance on mandatory and voluntary registration thresholds.
Preparation and submission of required documents for registration.
Amendment and Cancellation
Support for making amendments to existing GST registrations, such as address changes, addition or deletion of partners/directors, etc.
Assistance with cancellation of GST registration for businesses ceasing operations or undergoing structural changes.
GST Return Filing Services
GSTR-1 (Outward Supplies)
Compilation and filing of GSTR-1, detailing outward supplies of goods and services.
Validation of invoice details to ensure accuracy and compliance with GST regulations.
Timely submission to avoid penalties and maintain compliance.
GSTR-3B (Monthly Summary Return)
Preparation and filing of monthly GSTR-3B returns, summarizing tax liabilities and input tax credits.
Review of input tax credit availability and utilization to optimize tax payments.
Expert guidance on late filing and correction procedures.
GSTR-2B Reconciliation
Comprehensive reconciliation of GSTR-2B with the purchase register to identify discrepancies and rectify mismatches.
Analysis of input tax credit availability and reconciliation adjustments to ensure accurate reporting.
GST Composition Scheme
Eligibility Assessment
Evaluation of businesses for eligibility under the GST Composition Scheme.
Advisory on the benefits, limitations, and implications of opting for the composition scheme.
Registration and Compliance
Assistance with registration under the Composition Scheme and completion of required formalities.
Ongoing compliance support, including filing of quarterly returns and payment of composition tax.
GST Refund Services
Export Refunds:
Expert assistance with claiming GST refunds for exports, including preparation and submission of refund applications.
Coordination with customs authorities and banks for timely processing of export refunds
EOU & SEZ GST Refunds:
Handling of refund claims for Export Oriented Units (EOUs) and SEZ (Special Economic Zone)units under GST
Documentation and representation for expediting the refund process and resolving any issues.
Inverted Duty Structure Refunds:
Analysis and identification of input tax credit accumulation due to the inverted duty structure
Filing of refund claims and representation before authorities for timely refunds
GST Appeals and Representation
Assessment and Audit Representation:
Representation before GST authorities during assessments, audits, and investigations.
Preparation of responses to show cause notices and audit observations
Appeals Filing:
Assistance with filing appeals against adverse GST orders, assessments, or penalties
Preparation of appeal petitions and representation before appellate authorities.
Legal Representation:
Legal advisory and representation for GST disputes and litigation at various levels.
Preparation of legal arguments and documentation for effective representation
Additional Services
GST Compliance Audit and Advisory:
Conducting comprehensive GST compliance audits to identify potential risks and areas of improvement
Advisory services on GST compliance strategies and risk mitigation measures.
GST Impact Analysis:
Assessment of the impact of GST changes and amendments on businesses.
Scenario planning and strategic recommendations for managing GST implications.
Training and Workshops:
Customized training sessions and workshops on GST compliance for business owners, finance teams, and other stakeholders
Hands-on guidance on GST software usage and best practices for compliance.
Customized Advisory Services:
Tailored advisory services based on the unique needs and challenges of each business.
Proactive monitoring of GST developments and regulations to provide timely advice.
Why Choose Us
Expertise:
Our team comprises experienced GST professionals and Chartered Accountants with in-depth knowledge of GST laws and regulations.
Personalized Service:
We offer personalized attention and customized solutions to meet the specific requirements of each client
Compliance Excellence:
Timely and accurate compliance is our top priority, ensuring that your business stays on the right side of the law.
Problem Solvers:
We have a proven track record in resolving complex GST issues and providing effective solutions to our clients.
Dedicated Support:
Our dedicated support team is available to address all your GST-related queries and concerns promptly.
TDS
In today’s dynamic tax landscape, navigating the complexities of Tax Deducted at Source (TDS) regulations is non-negotiable. TDS stands as a linchpin in the tax framework, facilitating seamless revenue collection and ensuring fiscal discipline. Compliance with TDS mandates isn’t merely a box to tick.Failing to comply with TDS requirements can lead to penalties, fines, and legal repercussions.
TDS Payment
TDS Return Filing
TDS Litigations
TDS Representation
TDS Advisory
Auditing
The Institute of Chartered Accountants of India (ICAI) defines auditing as a systematic examination of financial statements, records, operations, and performances of an entity to ensure compliance with relevant laws, regulations, and accounting standards.
The primary objective of auditing is to express an opinion on the fairness and reliability of financial statements. Auditors aim to provide reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error.
Audits can be classified into various types based on their scope and objectives, including
Statutory Audit
Conducted to ensure compliance with legal requirements and is often required by law or regulation.
Stock Audit
The vital objective is to ensure the accuracy and reliability of inventory records maintained by the business.
Internal Audit
Conducted by internal auditors employed by the entity to evaluate internal controls, risk management processes, and operational efficiency.
Tax Audit
Conducted to verify the accuracy of tax filings and compliance with tax laws and regulations.
Bookkeeping Services
Bookkeeping Services are indispensable for businesses to analyze their financial transactions, enabling insights into payments and receipts. They provide a crucial foundation for assessing the current standing of a business and devising strategies for improvement. Access to up-to-date balance sheets, ledgers, and profit & loss accounts empowers entities to plan effectively for taxes and future cash flows. By maintaining accurate records, businesses can make informed decisions critical to their success and growth. In essence, bookkeeping services serve as the backbone for financial clarity and strategic planning in any organization.
Real Time Accounting Services
Monthly Cashflow Statement
Monthly Profit & Loss Account
Monthly Balance Sheet
Payable and Receivable Ledgers Analysis
Bank Reconciliation
Sales Analysis
Purchase Analysis
Return on Capital Employed
GST Reconciliation with Books and Returns
ROC
Compliance with ROC (Registrar of Companies) filing is mandatory for all Limited Companies, ensuring legal adherence and transparency. Adhering to ROC norms is crucial for maintaining regulatory compliance and avoiding penalties. Trust our expert team to handle your ROC filings efficiently and accurately. Stay ahead of regulatory requirements with our dedicated ROC filing services
New company formation ( Spice form)
Form ADT-1 ( Auditors Appointment )
Form AOC-4 and Form AOC-4 CFS (in case of Consolidated financial statements) - FIling of Annual accounts
Form AOC-4 (XBRL) - Filing of Annual accounts in XBRL mode
Form MGT-7/MGT-7A - Filing Annual return
Form DPT-3 -Return of Deposits. Every company needs to file this return furnishing information about deposits and/or outstanding receipt of loan or money other than deposits
Form DIR-3 KYC - Directors KYC form
Form 8 - Financial reports of a LLP
Form 11 - Annual returns of LLP
All other forms related to Companies and LLP
Registrations and Licences
Ensure your business’s legality and smooth operation with our comprehensive registration and licensing services. From securing permits to fulfilling regulatory requirements, we’ve got you covered. Start your journey towards success with confidence and compliance. Trust us to navigate the complexities, so you can focus on growing your business. Let’s pave the way for your entrepreneurial dreams together.
Permanent account number (PAN)
PAN Amendment
TAN Registration
GST Registration
IE Code Registration
IE code Renewal
FSSAI Registration
FSSAI State and Central License
MSME Udyam Registration Certificate
Trade License
Factory License
Business Consultancy and Advisory Services
Business Advisory services are indispensable for informed decision-making and strategic planning. With expert advisors, businesses gain insights into opportune investment opportunities and optimal allocation of resources. A well-crafted business strategy is essential for sustainability and long-term success, guiding every step of the entrepreneurial journey. Don’t embark on your business endeavors without the guidance of seasoned professionals; it’s the cornerstone of a thriving enterprise. Let our advisory team pave the path to prosperity for your business.
Virtual CFO Services
Due Delignce
Business Strategy Formulation
Business Planning
Drafting Agreements and Arrangements
Drafting Deeds
IE Code
The Import Export Code (IEC) is crucial for businesses engaging in international trade, as it is mandatory for importing or exporting goods and services from India. This unique 10-digit code facilitates smooth customs clearance and documentation processes. It enables businesses to avail various benefits such as duty drawback, exemptions, and incentives provided by the government. Additionally, having an IEC enhances a company’s credibility in the international market, fostering trust among overseas suppliers and customers. Maintaining an active IEC is essential for seamless and compliant cross-border trade operations.
IE Code Registration
IE Code Renewal
NRI Taxation
Non-Resident Indians (NRIs) are subject to taxation in India based on their income earned or received in the country. Under the Income Tax Act, an NRI’s taxable income includes income accrued or received in India, such as salary from Indian sources, rental income, capital gains from the sale of assets in India, or interest income from Indian investments. Certain provisions like Double Taxation Avoidance Agreements (DTAA) may apply to prevent taxation on the same income in both India and the NRI’s country of residence. NRIs are also eligible for certain exemptions and deductions, but they must file income tax returns if their total income exceeds the prescribed threshold.
NRE Account
For NRE accounts, interest earned on the balance and any income generated from investments made using NRE funds are generally exempt from Indian income tax. This exemption extends to both the principal amount and the interest earned.
NRO Account
For NRO accounts, however, interest earned on the balance and other income generated in India are subject to Indian income tax. The tax rates applicable are as per the income tax slab rates applicable to resident individuals. Additionally, TDS (Tax Deducted at Source) is applicable on interest earned in an NRO account at prescribed rates.
Project Finance
Project finance offers specialized funding for large-scale ventures like infrastructure, energy, or real estate projects.
It structures financing around the project’s cash flows and assets, minimizing risks for investors.
Clients benefit from access to long-term capital without significant upfront investment.
Project finance arrangements are tailored to suit each project’s unique needs, ensuring financial viability and sustainable development.
Working capital Financing
Working capital is the lifeblood of any business, fueling its day-to-day operations. It represents the difference between current assets and current liabilities, providing liquidity to cover short-term expenses. Adequate working capital ensures smooth cash flow for purchasing inventory, paying suppliers, and meeting operational costs. It serves as a financial cushion for unexpected expenses and enables businesses to seize growth opportunities swiftly. Managing working capital efficiently is crucial for sustaining operations and fostering long-term success.
Credit Monitoring Analysis (CMA report)
A CMA (Credit Monitoring Arrangement) report for banks assesses borrower creditworthiness and risk, aiding in prudent lending decisions. It includes thorough financial analysis, collateral assessment, and risk mitigation strategies to safeguard the bank’s assets. By evaluating repayment capacity and identifying credit risks, it ensures compliance with regulatory standards and protects the bank’s financial stability.
Financial Projections
Financial projections for a loan demonstrate a borrower’s anticipated cash flows and ability to repay, aiding lenders in assessing risk and making informed decisions. Accurate projections are essential for demonstrating loan feasibility and securing favorable terms.
Loan Syndication
Funds mobilisation involve accessing financing from banks and various financial and non-financial institutions:
Banks offer traditional loan products with structured terms and interest rates based on creditworthiness.
Financial institutions such as credit unions and online lenders may provide alternative lending options with competitive rates and flexible terms.
Non-financial institutions like private equity firms or venture capitalists may offer specialized financing for specific industries or projects.
Each institution has its own criteria, processes, and risk assessments, requiring thorough research to identify the most suitable financing option.
Successful loan arrangements require careful consideration of factors such as interest rates, repayment terms, collateral requirements, and overall financial impact.
Non-Banking Financial Companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank. Here are some key points about NBFCs:
Financial Services
NBFCs offer a wide range of financial services such as loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by the government or local authorities, leasing, hire-purchase, insurance business, chit business, and more.
Regulation
NBFCs are regulated by the financial regulatory authority in the country where they operate. While they don't accept deposits like banks, NBFCs are subject to regulatory oversight to ensure compliance with prudential norms and consumer protection regulations.
Types
NBFCs can be categorized into various types based on their activities, such as asset finance companies, loan companies, investment companies, infrastructure finance companies, and microfinance institutions, among others.
Role in Financial Inclusion
NBFCs often play a crucial role in promoting financial inclusion by extending credit to underserved segments of the population, including small and medium-sized enterprises (SMEs), rural communities, and individuals without access to traditional banking services.
Risk Management
Like banks, NBFCs face various financial risks such as credit risk, liquidity risk, and interest rate risk. They employ risk management strategies and regulatory compliance measures to safeguard their operations and maintain financial stability.
FSSAI
FSSAI stands for the Food Safety and Standards Authority of India. It’s an autonomous body established under the Ministry of Health & Family Welfare, Government of India. FSSAI is responsible for regulating and supervising the safety of food products to ensure they meet the standards of food safety and hygiene. It sets standards for food products, regulates their production, storage, distribution, sale, and import to ensure the availability of safe and wholesome food for consumption. FSSAI also licenses and regulates food businesses to ensure compliance with food safety regulations across the country.
FSSAI Registration
Simplified process for food businesses to obtain FSSAI registration.
Mandatory for all food businesses, including small-scale operators.
Ensures compliance with food safety standards and regulations.
Easy online application process with minimal documentation.
Issued by the Food Safety and Standards Authority of India (FSSAI).
State License
Required for medium-sized food businesses operating within a state.
Ensures compliance with state-specific food safety regulations.
Necessary for businesses with moderate turnover and production capacity.
Application process involves submission of detailed documents and premises inspection.
Facilitates legal operation and consumer trust within the state.
Central License
Mandatory for large-scale food businesses operating across multiple states.
Issued by the FSSAI for businesses with substantial turnover and production capacity.
Ensures compliance with food safety standards and regulations.
Comprehensive application process involving detailed documentation and rigorous inspection.
Essential for businesses engaged in import/export of food products.
Annual Return Filing
Obligatory for all FSSAI-registered food businesses.
Ensures ongoing compliance with food safety regulations.
Submission of detailed reports on production, sales, and quality control measures.
Helps maintain transparency and accountability in the food industry.
Supports the FSSAI's mission of ensuring safe and wholesome food for all consumers.