TAX & GST Registration
The financial transaction is inevitable in business, the art of recording the same in chronological order (as it happens) is known as accounting. Through a robust a thoughtful accounting the compliance with tax regime is always a smooth exercise. Every business is obligated under tax laws to collect tax from the ultimate consumer of goods or services supplied by the company. The GST has to be levied at the correct rate; the collected GST needs to be deposited well before its due date with the government and its periodical return to be filed. The same obligation is there concerning the Income Tax on the business. You need experienced hands to manage tax obligation otherwise you may have to pay interest and penalty for the lapse. Our team of qualified CA’s are always willing to assist you.
TAX & GST
Income Tax Return Filing
Under Income Tax law, while making payment to a party TDS is required to be deducted at the applicable rate. The non-deduction of TDS results in disqualification of expense thus increasing ultimate Income tax Liability of the business. We take care of everything relating to TDS
Every person supplying goods or services are required to register under GST. The non-registered taxpayers shall not be allowed to collect GST or claim input tax credit (ITC) on inward purchases. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST.
GST Return & Compliance
The new indirect tax regime is based on the system of smooth flow of GST Credit in the entire supply chain. The taxpayer is required to file monthly computation of GST and Return. However, for small taxpayers, the GST return is required to be filed on the quarterly basis.
An accurate accounting is the backbone of your business growth as it shall not only help you to achieve desired financial prudence, credit control but it also helps in a great deal while complying with tax regime. Our experienced accountants are trained to deliver an error-free and tax-friendly accounting.
The Income Tax Return filing is an annual event with a different due date for the distinct type of taxpayer. The ITR must be filed within its due date else there are severe implications in the form of substantial interest and penalty. We take care of your ITR very seriously and help you to file it within time.
Based on a threshold of turnover the tax law requires the books to be audited by a practising full-time chartered accountant. The tax audit is in Income Tax as well as GST. The mandatory filing due date for the tax audit under income tax is 30th September, while for GST it is 31st December.