DOMESTIC
“Unlock financial freedom with expert tax solutions tailored for both residents and non-residents alike!”
1. Corporate Law Matter
- Company Incorporation: Drafting memorandum and articles of association for company formation.
- Secretarial Support: Handling back-office tasks to ensure compliance with company law, such as filing documents with Registrar of Companies (ROC) and maintaining statutory records.
- Legal Representation: Advocacy before the Company Law Board, Tribunal, or ROC.
- M&A Support: Providing guidance and assistance for mergers, amalgamations, and company liquidations.
2. Limited Liability Partnership
Overview:
1. Introduction of LLP:
- A hybrid business form combining features of a partnership and a company.
- Enacted in India through the Limited Liability Partnership Act, 2008.
2. LLP Characteristics:
- Blends advantages of both company and partnership structures.
- Partners have limited liability, protecting individual partners.
- Allows partners to manage business directly, unlike shareholders in a company.
3. Separate Legal Entity:
- LLP is a distinct legal entity, protecting partners’ personal assets.
- Partners not held liable for each other’s actions, fostering independence.
4. Advantages of LLP:
- Separate legal entity with easy establishment.
- Flexibility without extensive legal requirements.
- Perpetual existence, irrespective of partner changes.
- Internationally recognized business structure.
- No minimum capital contribution requirement.
- No restriction on the maximum number of partners.
5. Disadvantages of LLP:
- Cannot raise funds from the public.
- Liability may extend to personal assets in certain cases.
- No clear separation of management from owners.
6. LLP Partners:
- Requires a minimum of 2 partners.
- Designated partners (minimum 2) responsible for compliance and filing.
- Designated Partner Identification Number (DPIN) essential for the appointment.
7. Management and Operations:
- Day-to-day operations managed by Designated Partners.
- Governed by LLP Agreement or Schedule 1 of LLP Act, 2008.
8. Capital Contribution:
- No minimum capital requirement.
- Registration cost is based on the amount of contribution.
9. Foreign Direct Investment (FDI):
- No specific policy for FDI in LLP was notified by the Indian government.
10. Name Reservation and Guidelines:
- LLP name guidelines prescribed by LLP Act.
- Prohibited words and approval-based restrictions exist.
11. Comparison with Other Business Forms:
- Contrasts with Partnership and Company structures.
12. Forms and Compliance:
- Overview of important forms and their purposes.
- Annual filing, audit, and statutory records maintenance.
13. Process Flow and Organization Chart:
- Illustrates the process of LLP formation and organizational structure.
14. Services Offered:
- Assistance in LLP incorporation and conversion.
- Obtaining Digital Signature Certificates (DSC) and DPIN.
- Preparation of LLP agreements and compliance support.
- Audit of LLP accounts and various form filings.
- Winding up or dissolution of LLP.
- This overview provides insights into LLP characteristics, advantages, compliance, and services offered for a comprehensive understanding.
3. Project Finance
Financial structuring plays a crucial role in business planning, and our expertise lies in identifying the most cost-effective and suitable sources of finance for your projects. Whether it’s equipment finance, short or long-term funds, trade finance, structured finance, or other financial products, our team thoroughly analyzes available options and secures the most advantageous route for our clients. We specialize in raising funds from banks, financial institutions, and private funds, managing the entire transaction process.
Our project financing services include:
- Preparation of project reports
- Assistance in opening bank accounts for clients
- Arrangement of various types of loans, including cash credit limits, term loans, and project loans
- Working capital proposals (CC/LC/BG)
- Loan against property
- Home loans
- Term loans
- Overdraft (OD) limits
- Machinery loans
4.GST
Understanding Goods and Services Tax (GST) in India
Introduction: Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. Introduced on July 1, 2017, GST replaced various indirect taxes imposed by the central and state governments, aiming to create a unified tax system and simplify the taxation process.
Key Features of GST:
1. One Nation, One Tax:
- GST replaced multiple taxes like VAT, excise duty, service tax, etc., unifying them under a single tax regime.
- Ensures uniformity in taxation across states, promoting ease of doing business.
2. Dual Structure:
- Comprises Central Goods and Services Tax (CGST) levied by the Central Government and State Goods and Services Tax (SGST) levied by the respective state governments.
- Integrated Goods and Services Tax (IGST) is imposed on inter-state transactions.
3. Tax Slabs:
- GST is categorized into different tax slabs: 5%, 12%, 18%, and 28%, along with certain goods and services exempted or taxed at 0%.
4. Input Tax Credit (ITC):
- Businesses can claim credit for taxes paid on inputs used in the production or supply of goods and services.
- Encourages transparency and reduces the cascading effect of taxes.
5. Composition Scheme:
- Available for small businesses with an annual turnover below a specified threshold.
- Simplifies compliance and tax filing procedures for eligible businesses.
GSTN and IT Infrastructure:
- Goods and Services Tax Network (GSTN) manages the IT infrastructure for GST compliance.
- Facilitates online registration, filing of returns, and other related activities.
Goods and Services Tax (GST) represents a significant milestone in India’s tax reform journey, aiming to create a harmonized and transparent tax regime. While GST has simplified taxation procedures and enhanced compliance, continuous efforts are essential to address challenges and ensure its effective implementation for the benefit of businesses and the economy as a whole.
We offer a comprehensive range of services tailored to assist businesses in navigating the complexities of Goods and Services Tax (GST) compliance and optimization. Our services include:
1. GST Registration:
- Assistance in obtaining GST registration for businesses, including assessment of applicability and preparation of necessary documents.
2. GST Compliance:
- Regular filing of GST returns, including GSTR-1, GSTR-3B, GSTR-9, etc., ensuring timely compliance with GST regulations.
3. GST Audit:
- Conducting GST audits as per the requirements of the GST laws to ensure accuracy and compliance with statutory provisions.
3. Input Tax Credit (ITC) Optimization:
- Analysis and optimization of input tax credit (ITC) to maximize tax benefits and minimize tax liabilities.
5. GST Advisory:
- Providing expert advisory services on complex GST issues, including classification of goods and services, place of supply, and taxability.
6. GST Refund Assistance:
- Assisting businesses in claiming GST refunds, including documentation, filing refund applications, and liaising with tax authorities.
7. GST Litigation Support:
- Providing representation and support in GST-related disputes, assessments, appeals, and other legal proceedings.
5. Bookkeeping
- Expert bookkeeping services tailored to your needs
- Timely and accurate recording of financial transactions
- Detailed financial reports and statements
- Compliance with accounting standards and regulations
- Streamlined bookkeeping process for efficiency
6. TDS Filing
- Professional TDS filing services
- Timely submission of TDS returns
- Expertise in TDS compliance and regulations
- Accurate calculation and deduction of TDS
- Assistance with TDS certificate issuance
7. ITR Filing
- Professional assistance for Income Tax Return (ITR) filing
- Expert guidance on tax-saving opportunities and deductions
- Timely and accurate preparation and submission of ITR
- Compliance with tax laws and regulations
- Personalized service to meet individual tax requirements
8. Shared CFO Office
We collaborate closely with our client companies as strategic partners, rather than merely as employees or advisors. For startups and SMEs, a full-time CFO may not be necessary initially. Therefore, we offer a unique flexibility by gradually scaling up our engagement levels as your business grows. This approach ensures that you receive high-quality CFO services tailored to your evolving needs and cost constraints over time.
9. Other Services
Labor law compliance, Management Consultancy, Internal Audits, Due diligence, Startup Advisory Services, MSME, FSSAI, Import Export Code, Payroll Services, Business Process Outsourcing, Trusts, NGO, Producer Company Registrations, ROC/Annual Filing, Compliance by Company, Trademark Registration, Patent Registration, Digital Signature Certificates and Many More.