Charted Account Services

Direct Tax Services

Preparation and filing of Income-tax and Wealth-tax returns of resident and non-resident individuals, domestic and foreign companies and other entities/clients.

Corporate and personal tax compliance including income-tax assessments, appeals, representation before Tax Authorities etc.

Provide advice in Tax Planning for Domestic and foreign clients.

Tax Planning for Trusts and non-profit making organization.

Filing of E- TDS Returns.

Specilised services for existing, returning as well as new NRI’s with substantial interest in business, property, investments & bank accounts in India.

Transfer Pricing: Handling of Transfer Pricing (both Domestic as well as International transactions) issues and its related studies and reports preparation.

Representations before Dispute Resolution Panel (DRP) and Authority for Advance Rulings (AAR).

Cross Border Transactions including DTAA.

Investment and Organizational Structuring.

Indirect Taxation Services - GST Services

Introduction to Tax System:

Being one of the fastest growing economies in the world, Taxation in India has broader scope since decades. Two major taxes that fetch revenue for India are Direct Taxes and Indirect taxes the major difference between Direct Tax and Indirect tax are;

Direct taxes are directly levied on the income of the individuals and entities of the country, and this levy structure called Progressive Taxation.

Indirect Taxes are indirectly imposed on final consumer whom getting benefited from goods produced or services rendered, and this levy structure called Proportional Taxation.

Indirect Taxes in India -Through Lenses of History:

Though the beginning of levy of Indirect taxes in India were not recorded yet there were few references proving existence of Indirect Taxes even Before Christ (BC). During 17th & 18th Century when India was under the British Rule the indirect taxes were imposed and collected on agricultural Produce, commodities, livestock and on many others. After Independence, constitution of India ‘the supreme law of India’ layout federal structure to Indian Government and designate powers to both Central and State Governments. Thus, both Central and state government has power to impose taxes.

List of Indirect Taxes:

Earlier there were several types of Indirect Tax enactments under various Indirect Tax laws:

List of Indirect taxes were imposed by Central Government;

Central Excise Duty, Additional Excise Duties, Excise Duty levied under the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, Service Tax, Additional Customs Duty commonly known as Countervailing Duty, Special Additional Duty of Customs also other cesses and surcharges.
Later, these Indirect Taxes were subsumed in current tax system called Goods and Service Tax (GST).

Indirect Taxation-GST:

Goods and Services Tax (“GST”) is the current Indirect tax System in India and it came into force on 1st July 2017. GST will impose and collected by both Central and State governments. GST was formed by subsuming earlier Indirect taxes with an intent of “One Nation One Tax” and considered it as Good and Simple Tax in India. This Dual GST Model will be levied on supply of goods and services as recommended by GST council.
Intra-state supply attracts Central GST & State GST and Inter-state supply attracts Integrated GST. GST is not applicable on Petroleum products, Tobacco, Alcohol for human consumption and are still charging under some earlier Indirect taxes. Integrated GST is applicable on Imports after imposing Custom duty and exports are exempted under GST. GST facilitates single interface with GST portal for taxpayers and authorities. Implementation of GST eradicated the cascading effect also enable the supplier to avail Input tax credit on inputs used for supply. Broadly GST has brought significant positive impact to the tax system.

Indirect Taxes/GST/Customs- Impact on Indian Economy:

Indirect taxation plays a vital role in generating revenue sources to the government.

Advantages of Indirect Taxes:Indirect taxes facilitate consumers in opting better products, Indirect tax mechanism brings proper utilization of resources, leads to healthy competition, boosts the country’s economy ultimately increase the standard of living of people.

Disadvantages of Indirect Taxes:Better to termed it a drawback instead of disadvantage as indirect taxes or current GST regime will be levied same on consumers whose earning capacity is different to one other. Apart from positive sides in beginning it slightly slow down the economy.

Project Funding Services

Corporate/Project Finance and Funding.
Preparation of project and feasibility reports, applications for funding with financial institutions.
Project Finance (Long Term and Working Capital) from Banks.
Liaison with investors, funding agencies, financial institutions etc.,
Debt and Capital Structuring/ Re-structuring services.
Corporate restructuring.
Representations before Dispute Resolution Panel (DRP) and Authority for Advance Rulings (AAR).
Cross Border Transactions including DTAA.
Investment and Organizational Structuring.

Business Valuation Services

Share and business valuations
DCF valuation as specified by RBI under FDI/ODI regulations
Valuation of Brands.
Valuation of ESOPs.

CORPORATE LAWS | COMPANIES ACT

Formation of Indian and offshore Companies/LLP’s, Setting up Liaison Offices, Branch Offices and Project Offices.
Advising on various matters under the Companies Act, including appearance before the Company Law Board.
Assisting in merger/de-merger/ winding-up of companies/striking off the name from the Registrar of Companies under the Companies Act.
Assistance to the company in preparation of roadmap/compliances involved relating to offer documents in Public Issues.
Preparation of restated financials to include them in the offer documents issued to the public.

Foreign Exchange Laws & Foreign Exchange Management

FEMA & FCRA Related Services.
Advice on Compliance under the Foreign Exchange Management Act, 1999 (FEMA) in connection with inbound investment, outbound investment, External Commercial Borrowings, establishing Branch and Liaison offices etc.
Representation before RBI/ED/ FIPB/SIA and other related statutory authorities.
Assisting for approvals under FEMA and FCRA.
Review/ Audit of FEMA and FCRA compliances

Management Consulting Services

Director General of Foreign Trade – Registration for Imports & Exports
Handling STPI, SEZ related works
Drafting of investor agreements.
Drafting of MOUs.
Capital Planning and Investment Management.
HR/ Payroll Services.
Drafting of Employee appointment letters.
Framing rules/guidelines for employees.
Participation in Recruitment Panels.
Advising and Drafting of Employee Benefit Schemes.
Trade Mark, Logo, Emblem Registration Services.
Business Advisory for promoters & senior management in respect to long term strategy Brand Building, Growth Plans and Related Matters.
Statutory compliances under tax, economic, corporate and labour laws.

CORPORATE TRAINING AND COMPLIANCE MANAGEMENT

To impart the training to staff of various levels involved in the accounts finance department, tax department and other compliance management groups on various areas listed herein.
To inculcate the habit of continuous learning in the personnel of the organisation and give them sense of recognition.
To provide periodical upgradation on ever changing laws and make the staff abreast with the applicable laws and improve their productivity and efficiency.
To create value of the organisation by improving the governance mechanism.
To assist the organisation in complying of various Labour & Industrial Laws.

Business Process Outsourcing Services

Book Keeping and preparation of final accounts and financials
Design, implementation and review of accounting manuals.
Preparation of management accounts and management information systems
Completion of records related to Fixed Assets
Developing Accounting procedures manual and evaluation of effectiveness of accounting packages

Our Services