Compliance

The Goods and Service Tax (‘GST’) was implemented with effect from 1st July 2017, and has undergone significant changes since then. We have a dedicated team which studies GST changes and provides you with the relevant changes for your business. 

The compliance burden under GST is robust and through our dedicated GST team we can help ease this for your company by filing the following applicable returns:

• GSTR 3B (monthly return)
• GSTR 1 (Sales return)
• GSTR 8 (TCS return applicable for E-Commerce Companies)
• GSTR 9 (Annual GST Return)
• GSTR 4 (for those who have opted for composition scheme)

As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.

TDS is deducted on the following types of payments:

• Salaries
• Interest payments by banks
• Commission payments
• Rent payments
• Consultation fees
• Professional fees

An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations. Income taxes are a source of revenue for governments.

Our Dedicated Direct Tax Team can assist in filing Advance Tax and Income-Tax Returns for the following entities:

• Individuals & Proprietorship
• Partnership Firms
• Limited Liability Partnerships
• One Person Company
• Private Limited Company
• Trusts
• HUF

Profession tax is levied by particular Municipal Corporations and the majority of the Indian states impose this duty. A person earning an income from salary or anyone practising a profession such as a chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection.

An annual return has to be filed in this regard and our team can process the same for you.

The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 applies to all states in India except Jammu and Kashmir. The purpose of a provident fund is to provide financial security and stability to elderly people on retirement. When one begins employment, they are expected to contribute on a regular basis (typically monthly) to their PF fund. The employer is also expected to contribute to its employees’ retirement fund.

We can assist you in filing such returns as per the scheduled days of returns.