GST & Income Tax Company Act Services

 

What We Do:

  1. GST Compliance:

    • Ensures timely filing of GST returns (GSTR-1, GSTR-3B, etc.).
    • Helps in claiming input tax credits and avoiding penalties.
    • Guides on proper classification of goods/services for correct tax rates.
    • Assists in managing GST refunds and audits.
    • Provides support during GST inspections or inquiries by authorities.
  2. Income Tax Services:

    • Helps with filing accurate income tax returns (ITR) for individuals and businesses.
    • Advises on tax-saving strategies, including deductions and exemptions.
    • Assists in responding to income tax notices and handling audits.
    • Provides guidance on advance tax payments and avoiding penalties.
    • Supports with tax planning for minimizing liabilities under legal frameworks.
  3. Company Act Compliance:

    • Ensures proper maintenance of statutory registers and records.
    • Helps in drafting and filing necessary documents with the Registrar of Companies (RoC).
    • Assists with annual filings like financial statements and the Director’s report.
    • Advises on corporate governance and regulatory compliance.
    • Guides on mergers, acquisitions, and restructuring under the Companies Act.
  4. Tax and Legal Advisory for Business Decisions:

    • Provides strategic advice on how taxation laws impact business transactions.
    • Helps in planning corporate structures to optimize tax efficiency.
    • Guides on legal implications of business expansions, mergers, or partnerships.
    • Advises on dividend distribution, share transfers, and corporate restructuring from a tax perspective.

Why We Required:

  1. Compliance with Complex Laws: GST, Income Tax, and Company Act regulations are complex and subject to frequent changes. An advisor ensures businesses stay updated and compliant.

  2. Avoid Penalties and Legal Issues: Missing deadlines or filing incorrect returns can lead to penalties, interest charges, or legal complications. Advisors help prevent such issues.

  3. Efficient Tax Planning: Advisors can identify opportunities for tax savings by using available deductions and exemptions, helping businesses minimize their tax burden.

  4. Time and Cost Efficiency: Managing tax filings and legal compliance is time-consuming. An advisor handles these responsibilities, allowing businesses to focus on core activities.

  5. Handling Audits and Notices: An advisor provides professional assistance during tax audits, GST inspections, or when responding to notices from authorities, ensuring proper representation and documentation.

  6. Expertise in Legal Matters: Corporate law is intricate, and an advisor ensures that companies meet all legal requirements, especially during significant events like restructuring, mergers, or acquisitions.

  7. Risk Mitigation: Advisors help businesses identify and manage risks related to tax liabilities, compliance failures, and potential legal challenges.

  8. Business Growth Support: Advisors provide guidance that aligns with the long-term growth and sustainability of businesses, especially in navigating financial and regulatory hurdles…