Compliance & Filings

Compliance & Filings

Compliance is the backbone of any successful business. By adhering to the relevant laws, regulations, and industry standards, businesses not only avoid legal repercussions but also build trust with stakeholders, customers, and employees. Non-compliance can lead to hefty fines, penalties, and even the shutdown of operations.

In India, businesses must comply with various laws and regulations, such as:

• • The Companies Act, 2013
• • Goods and Services Tax (GST) Act
• • Income Tax Act
• • Labour Laws (like ESI, PF, etc.)
• • Foreign Exchange Management Act (FEMA)
• • Intellectual Property Laws (Trademarks, Patents, Copyrights)
• • SEBI Regulations for listed companies

Where and how can we help?

Company Secretarial & ROC Compliance Services

Ensuring your business complies with the statutory requirements under the Companies Act, 2013 is crucial for smooth operations. Here’s what we do:

Filing of Annual Returns & Financial Statements: We prepare and file your annual returns and financial statements with the Registrar of Companies (ROC), ensuring they align with the legal requirements of the Companies Act.

Governance Documentation: We draft and file resolutions, notices, and other governance-related documents to maintain legal compliance.

Maintenance of Statutory Registers: We maintain key registers, such as the register of directors, shareholders, and other corporate records required by the law.

Director & Shareholder Changes: We manage the processes related to the appointment, removal, and resignation of directors, changes in the registered office, and amendments to share capital.

Corporate Governance: We provide advisory on corporate governance and compliance with the provisions of the Companies Act to keep your business in good standing.

GST Compliance

Navigating GST regulations can be overwhelming, but we are here to simplify the process and ensure that your business stays compliant:

GST Registration We assist businesses in obtaining their GST registration, whether they are a new business or an existing entity that needs to comply with GST rules. This includes determining GST eligibility based on turnover, business operations, and other factors.

We manage the entire registration process, including the filing of applications and receiving your GST Identification Number (GSTIN). For businesses transitioning from previous tax regimes, we handle the GST migration process to ensure smooth compliance.

GST Return Filing Timely and accurate filing of GST returns is essential for maintaining compliance; therefore, we manage the preparation and filing of various GST returns meticulously.

We ensure that all transactions are accurately reported and in line with tax obligations, making sure that no errors or discrepancies affect your filings. Apart from filing the regular returns such as GSTR-1, GSTR-3B, and GSTR-9, we also handle the filing of special returns like GSTR-4 for businesses under the composition scheme and GSTR-9C for larger businesses requiring an audit report. We manage GSTR-7 for TDS and GSTR-8 for TCS, ensuring compliance with tax deduction and collection at source.

GST Audits & Compliance Checks: We perform regular audits and reconciliation of GST filings to ensure that your business is fully compliant. This includes checking for discrepancies and rectifying any issues that could lead to penalties or audits. Our team also handles GST refund claims, ensuring your business receives the correct tax refunds when eligible, such as for exports or excess tax credits.

GST Advisory & Guidance: We offer comprehensive advisory services to help businesses stay informed about evolving GST laws and optimize their tax structure. Our guidance includes advice on exemptions, tax planning, and how to make the most of available credits. We tailor our advice to fit your industry’s specific GST needs, whether you’re in manufacturing, services, or retail, ensuring your business adheres to all relevant tax regulations.

GST Invoicing & Documentation: Proper documentation and invoicing are crucial for GST compliance. We ensure that your business maintains GST-compliant invoices that include all necessary details, such as GSTIN, tax rates, and HSN/SAC codes. We also assist in claiming input tax credit (ITC) on purchases and ensure that all GST-related documents, including sales invoices and returns filings, are maintained and ready for future audits or assessments.

GST Appeals & Disputes Resolution: In case of disputes or notices from GST authorities, we support your business in responding to any GST-related inquiries or notices. Our team handles any discrepancies with the tax authorities, ensuring a prompt and effective resolution. If necessary, we assist with filing appeals to contest any assessments or penalties imposed by the GST department.

Income Tax Compliance

Taxation is a major part of business operations, and managing tax obligations efficiently is crucial for your business. Our comprehensive services include:

Comprehensive Income Tax Return (ITR) Filing: We manage the end-to-end filing of ITRs for individuals, partnerships, and corporations, ensuring compliance with the latest tax laws. Our process includes accurately reporting income, claiming eligible deductions and exemptions, and minimizing tax liabilities while adhering to regulatory timelines.

Strategic Tax Planning & Advisory: Our tax planning services focus on optimizing your tax structure through strategic advice on deductions, credits, and exemptions. We ensure your business takes full advantage of available tax benefits to reduce liabilities effectively and align with financial goals.

Preparation and Filing of Tax Audit Reports: We prepare detailed tax audit reports for businesses required to comply with audit regulations under the Income Tax Act. This includes reviewing financial records, identifying discrepancies, and ensuring accurate filings to meet statutory requirements.

Handling Tax Assessments and Notices: In cases where tax authorities issue assessments or notices, we provide expert assistance to resolve disputes, clarify discrepancies, and ensure compliance. Our approach aims to minimize disruptions and avoid penalties for your business.

Representation Before Tax Authorities: When necessary, we represent your business during hearings or assessments with tax authorities. This ensures proper interpretation of tax laws, accurate responses, and safeguarding your interests during disputes or clarifications.

TDS/TCS Management: We ensure accurate calculation of TDS & TCS in accordance with the Income Tax Act. This includes determining applicable rates based on the nature of payments such as salaries, contractor fees, rent, interest, and other specified transactions. We also generate deduction or collection certificates (Form 16/16A) for employees, contractors, and vendors.

Timely Filing of TDS/TCS Returns: We handle the preparation and submission of quarterly TDS and TCS returns (Forms 24Q, 26Q, 27Q, and 27EQ) within stipulated timelines to avoid penalties. This includes validating challans, ensuring correct mapping of deductions/collections, and addressing discrepancies between books and the Income Tax Department’s records.

Agreement Creation & Drafting Services

Ensuring that your business relationships are protected through well-drafted agreements is crucial for your company’s security and growth. We offer a comprehensive range of agreement creation and drafting services to meet the diverse needs of your business, ensuring all terms are clear, legally sound, and aligned with industry standards.

Our Services in Detail

Business Agreements We help you establish strong foundations with well-crafted agreements for: Partnerships, Joint Ventures, Founders, and Franchise Agreements

Shareholder Agreements Protect your shareholders and ensure smooth operations with agreements for Share Purchase, Shareholders, and Master Service Agreements

Service Contracts Set clear expectations for service delivery with: Service Level Agreements, Vendor Agreements, and Consulting Agreements

General Agreements Safeguard daily business operations with essential agreements such as: Non-Disclosure Agreements, Employment Contracts, and Memorandums of Understanding

Commercial Documentation & Related AgreementsEnsure all commercial documentation aligns with business requirements and industry standards.