INCOME TAX, GST, TRANSFER PRICING & ACCOUNTING SERVICES
 

Know Your Compliances

INTRODUCTION

In India, our tax structure is divided into two parts Direct Tax and Indirect Tax. It is very crucial to understand the overview of Direct and Indirect Tax. While direct taxes are levied on incomes earned by individuals and corporate entities, the burden to pay taxes is on the taxpayers themselves. On the other hand, indirect taxes are imposed on the sale of goods and provision of services where the burden to collect and deposit taxes is on the sellers instead of the taxpayer directly. However, indirect taxes are borne by the ultimate consumers of goods or services.

 

SERVICES OFFERED UNDER INCOME TAX ACT

  1. Filing of Income Tax Return & Audit

  2. Providing guidance regarding reply to demand notices received from Income Tax Department.

  3. Providing consultancy regarding tax benefits.

  4. Providing guidance on International Taxation.

 

ACCOUNTING SERVICES 

  1. Advising on purchase and sale invoice.

  2. Booking of all purchase and sale invoices monthly.

  3. Booking of all assets appropriately in the books.

  4. Booking all cash expenses and creating cash vouchers.

  5. Bank reconciliation on monthly basis.

  6. Cash reconciliation on monthly basis.

  7. Booking of provisional expenses/income at the end of the financial year.

  8. Preparation of Balance Sheet and Profit & Loss statement on monthly basis.

  9. MIS for management on monthly basis.

SERVICES OFFERED UNDER GST ACT

  1. Filing of GST return on monthly or quarterly basis.

  2. Advising client on eligibility of input tax credit.

  3. Generation of E-way bill.

  4. Reconciliation of GST returns.

  5. Reconciliation of GSR2A with input tax credit taken during the year.

  6. Advising on various compliances under the GST Act.

  7. Maintenance of GST records.

TRANSFER PRICING SERVICES

  1. Transfer Pricing Documentation

  2. Transfer Pricing Health Check

  3. Transfer Pricing Planning

  4. Transfer Pricing APA & Litigation Support