SERVICES

Taxation

These services are primarily targeted at small to mid sized organizations and large sized Companies who want to have an Independent and professional support in the Regulatory compliances on a support model basis. The professional services covered under this group include the following:

Tax Deduction at Sources/ Direct Tax

  • Compliances with Indian Withholding tax requirements- Including monthly compiling of TDS from clients records, timely deposit of taxes, filing of quarterly e-TDS returns and Issuance of Annual certificates to Vendors.
  • Tax deposit management covering Advance tax (Income tax and FBT) calculations and deposit on quarterly basis and deposit of self-assessment tax and tax on regular assessments
  • Risk Assessment- due diligence of direct tax exposures and reporting thereof for accounting provisions.

INCOME-TAX

  • Preparation of return
  • Getting Assessment done
  • Consultancy in tax matters & tax planning
  • Foreign taxation consultancy
  • Transfer Pricing matters
  • Withholding tax compliance
  • Fringe benefit tax compliance
  • Income tax Appeals before CIT (Appeals) and ITAT
  • PAN / TAN NUMBER

Company Registration

Steps to be taken to get incorporated a private limited company

  • Ensure that the name does not resemble the name of any other company already registered.
  • Apply to the concerned ROC to ascertain the availability of name in Form-1 A along with a fee of 500/-. If proposed name is not available apply for a fresh name on the same application.
  • Drafting of the Memorandum and Articles of Association, vetting of the same by ROC and printing of the same.
  • Stamping of the Memorandum and Articles with the appropriate stamp duty.
  • Get the Memorandum and Articles signed by atleast two subscribers in his own hand, his father's name, occupation, address and the number of shares subscribed for and witnessed by atleast one person. Get the following forms duly filled up and signed:-
  • Declaration of compliance - Form-1
  • Notice of situation of registered office of the company - Form-18.
  • Particulars of Director, Manager or Secretary - Form-32.
  • Present the following documents with ROC with filing fee and registration fee:-
  • Declaration of compliance - Form-1
  • Form-1, 18 & 32 in duplicate.
  • Name availability letter issued by ROC.
  • Power of Attorney from the subscribers in favour of any person for making corrections on their behalf in the documents and papers filed for registration.
  • Obtain Certificate of Incorporation from ROC.
  • Additional Steps to be taken for formation of a Public Limited Company Consent of Directors to act as such in Form No.29.
  • Arrange for payment of application and allotment money by Directors on shares taken or agreed to be taken.
  • File the statement in lieu of prospectus with ROC in schedule-iv of the Companies Act.
  • File a declaration in Form-20 duly signed by one of the Director.
  • Obtain the Certificate of Commencement of Business.
  • Other Requirements of the private limited company
  • There should be at least two director of the company.
  • The two directors will be the subscriber of the memorandum and they subscribe the minimum capital.
  • Minimum capital for a private company is INR 1,00,000/-
  • Registration fee is depending upon the authorized capital of the company. It should be equal or more than the subscribed capital of the company.
  • Regarding non-resident interest in the company Foreign Exchange management Act is controlled all the issue. You can invest up to 100% depending upon the type of industry.

LLP Services

SERVICES OFFER BY US IN RESPECT OF LLP IN INDIA (LIMITED LIABILITY PARTNERSHIP)

http://www.mca.gov.in/LLP/index.html.

REGISTRATION SERVICES

  • Registration of New LLP in India
  • Conversion of Exiting Partnership Firm into LLP
  • Conversion of Existing Private Limited Company into LLP
  • Conversion of Unlisted Company into LLP

CHANGE SERVICES

  • Change of Existing Name of LLP
  • Appointment of New Designated Partner
  • Resignation of Existing Designated Partner
  • Change of Particulars of Existing Designated Partners
  • Change of Registered Office of LLP
  • Change of LLP Agreement.
  • Creation of Charge on Assets of the LLP

ANNUAL FILING AND COMPLIANCE RELATED FILING

  • Filing of Form No 8 -Statement of Account & Solvency
  • Filing of Form No 11- Annual Return

REQUIREMENT FOR LLP REGISTRATION IN INDIA

  • There should be at least 2 persons are required to form a LLP. In case any Body Corporate is a partner, than he will be required to nominate any person as its nominee for the purpose of the LLP.

Following can become a partner in the LLP

  • Company incorporated in and outside India
  • LLP incorporated in & outside India
  • Individuals resident in & outside India
  • Contribution:- The LLP Agreement must specify the contribution intended to be paid all the members and the form in which it will be paid.
  • Designated Partners:- Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India
  • LLP Name Approval, Prohibited word, Words which require Approval-
  • The proposed name of the LLP should not be similar to the name of the Company or LLP, which is already registered in India.
  • List of Prohibitive words along with reasons:- National, Union, Central, Federal, Republic, President, Rasthrapathi, Small Scale Industries, Cottage Industries, Financial Corporations, Municipality, Panchayat or any other word imparting connection Union or State Government : It signifies Government Patronage or Participation.
  • State together with the name of Particular State for e.g. Delhi state corporations Ltd: It gives an impression that the state is also participating in the paid up share capital of the company.
  • Ashoka Chakra, Dharma Chakra, Name of Parliament, State Legislature: Prohibited Under Emblems & Names (Prevention of Improper Use) Act, 1955.
  • Rama Krishna Math, Ramakrishna Sarada Mission, Bharat Scouts, Interpol: Prohibited Under Emblems & Names (Prevention of Improper Use) Act, 1955.
  • Chhatarpait Shivaji Maharaj, Mahatma Gandhi or the name of any Prime Minister/President of India: Prohibited Under Emblems & Names (Prevention of Improper Use) Act, 1955.
  • LLP Agreement:- The LLP agreement is an agreement between the Partners and between the LLP & its partners.
  • The basic contents of Agreement are:
  • Name of LLP
  • Name of Partners & Designated Partners
  • Form of contribution
  • Profit Sharing ratio
  • Rights & Duties of Partners
  • Registered Office:- At the time of incorporation, it is necessary to submit proof of ownership or right to use the office as its registered office with the Registrar of Companies
  • Documents/ Detail required
  • Two Photograph of Each Designated Partner
  • PAN CARD Copy of Each Designated Partner
  • Din Declaration On 10/- Stamp Paper
  • Address Proof of Each Designated Partner
  • At Least 4 Four Name of Proposed LLP with the meaning of Words (Significance) used in the Proposed Name. % Contribution/ Profit Sharing Ratio made by Each Designated Partner
  • Main Object of the LLP
  • Term of Partnership -% of Investment, operation of Bank Account and business operation term and condition (to be shown in LLP Agreement)
  • Minimum Time Required: - 15 to 20 Days
  • Professional Charges- Terms of Payment- 9000/- ( 100% in ADVANCE)

Procedure For ALLOTMENT Of IEC

Procedure For ALLOTMENT Of IEC

  • PROCEDURE FOR ALLOTMENT OF IEC (IMPORTER EXPORTER CODE)
  • IMPORTER EXPORTER CODE is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export.
  • For those having registered office at Delhi, Gurgaon, Noida, Faridabad, Palwal, Meerut, Ghaziabad –office will be at Zonal Joint Director General of Foreign Trade (CLA) ,'A' Wing, Indraprastha Bhawan, I.P. Estate, New Delhi – 110 002.

Mandatory Documents

  • Covering letter – Format Enclosed
  • DD for 250/- (Rupees Two Hundred Fifty only) in favour of "Additional Director General of Foreign Trade" Payable at New Delhi.
  • Fill Part A, B & D of the application form: - Form Enclosed.
  • Bank Certificate from the bank on Bank letter head as per Performa (Part B) given in the Form.
  • Self certified copy of Permanent Account Number (PAN) issued by income Tax Authorities ( both side)
  • Two copies of passport size photographs of the applicant.
  • The photograph pasted on the banker's certificate must be attested by the banker with Seal and Signature of the applicant. ( Additional Three Photograph is also required for main applicant)
  • The application must be submitted in Duplicate and each individual page of the application must be signed by the applicant.
  • Residential Address Proof of Proprietor/ Partners and Directors/Authorized Signatory and Business Address Proof. ( LANE-LINE TELEPHONE BILL IS MANDATORY)
  • Self addressed envelope stamped with 30/-
  • LAND LINE TELEPHONE BILL

 

In case of Proprietorship firms, please furnish

  • Date of Birth of individual
  • Number of IECs held along with their details

In case of Companies, please furnish

  • Extract of Board of Resolution/ List of Director
  • MOA with Form 32 in case of change in Directors.

In case of others

  • Notorised Partnership Deed showing date of formation.
  • No Objection Certificate from other partners/HUF.
  • Authorization Letter duly attested by Proprietor – Format Enclosed.
  • All the above Documents should be kept in a File Cover.

Projects Reports

Projects Reports

  • Our organization has gained prominence for offering Project Reports services that is extensively in demand in various sectors like corporate houses, offices, MNC''s and others. We provide our clients with Project Report for Finance Arrangement and CMA Data for CC Limit services. For total customer satisfaction, we provide these services in personalized manner to meet the specific requirements of our clients.

Finance Project Report Services

  • With the help of our team of financial and legal experts, we are able to undertake numerous projects on preparing Project Report for Finance Arrangement. This helps us in providing our clients with the best financial solutions for maximum benefits. We render these services in compliance with the concerned norms and guidelines.

 

CMA Data Services

  • Catering to the requirements of various industries, we provide CMA Data for CC Limit to Our Clients in Projects Reports based in Delhi and NCR region. Our team of Law, Law Farm, legal advisers and financial experts, we are able to offer best advice and solution to our clients. We offer these services in compliance with the regulations and at industry leading prices.

Other Services

IMPORT-EXPORT, TECHNOLOGY PARK & SPECIAL ECONOMIC ZONE

  • Import Export Code Number
  • STPI ( Software Technology Park of India) matters
  • SEZ ( Special Economic Zone ) matters
  • Import-export Consultancy & documentation
  • Import License related matters

SOCIETIES AND TRUST (NGO)

  • Formation
  • Registration U/s 12A and 80G of Income tax Act.
  • Registration under Foreign Contribution Regulation Act (FCRA),viz, Prior approval &
  • Registration u/s 35AC of Income-tax Act.

 

REGISTRATION

  • SSI Registration
  • Logo Registration
  • Firm Registration
  • Copyright Registration
  • Design Registration
  • Patent Registration
  • Trust/NGO Registration
  • ISO certification
  • Barcode Registration
  • Brand Name Registration
  • Trademark Registration
  • ISI Mark Certification
  • Agmark Certification
  • ISO Certification
  • Export/Import Licence
  • All Legal Services.

GST

GST

Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, [1] following the passage of Constitution 122nd Amendment Act Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. [2]  In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. [3]  GST replaced a slew of indirect taxes with a unified tax and is therefore set to dramatically reshape the country's 2 trillion dollar economy.

From October 2017 onwards, the amount of late fee payable by a registered person is as follows: to whose tax liability for that month was ‘NIL’ will be Rs. 20/- per day instead of Rs. 200/- per day; to whose tax liability for that month was not ‘NIL’ will be Rs. 50/- per day instead of Rs.200/- per day.

Facility shall be introduced for manual filing of refund application. (xxiv) Facility shall be introduced for manual filing of application for advance ruling.

CGST, SGST /UTGST & IGST would be levied at rates to be mutually agreed upon by the Centre and the States under the aegis of the GSTC.

GST would replace the following taxes currently levied and collected by the Centre: Page 7 of 15 a) Central Excise Duty; b) Duties of Excise (Medicinal and Toilet Preparations); c) Additional Duties of Excise (Goods of Special Importance); d) Additional Duties of Excise (Textiles and Textile Products); e) Additional Duties of Customs (commonly known as CVD); f) Special dditional Duty of Customs (SAD); g) Service Tax; h) Cesses and surcharges insofar as they relate to supply of goods or services. (ix) State taxes that would be subsumed within the GST are: a) State VAT; b) Central Sales Tax; c) Purchase Tax; d) Luxury Tax; e) Entry Tax (All forms); f) Entertainment Tax (except those levied by the local bodies); g) Taxes on advertisements; h) Taxes on lotteries, betting and gambling; i) State cesses and surcharges insofar as they relate to supply of goods or services.

A common threshold exemption would apply to both CGST and SGST. Taxpayers with an annual turnover of Rs. 20 lakh (Rs. 10 lakh for special category States (except J&K) as specified in article 279A of the Constitution) would be exempt from GST. A composition scheme (i.e. to pay tax at a flat rate without credits) would be available to small taxpayers (including to manufacturers other than specified category of manufacturers and service providers) having an annual turnover of up to Rs. 1 crore (Rs. 75 lakh for special category States (except J&K and Uttarakhand) enumerated in article 279A of the Constitution). As decided in the 23rd meeting of the GSTC, this limit shall be raised to Rs. 1.5 crore after necessary amendments in the Act. The threshold exemption and compounding scheme would be optional.

Credit of CGST paid on inputs may be used only for paying CGST on the output and the credit of SGST/UTGST paid on inputs may be used only for paying SGST/UTGST. In other words, the two streams of input tax credit (ITC) cannot be cross utilized, except in specified circumstances of inter-State supplies for payment of IGST. The credit would be permitted to be utilized in the following manner: a) ITC of CGST allowed for payment of CGST & IGST in that order; b) ITC of SGST allowed for payment of SGST & IGST in that order; c) ITC of UTGST allowed for payment of UTGST & IGST in that order; d) ITC of IGST allowed for payment of IGST, CGST & SGST/UTGST in that order. ITC of CGST cannot be used for payment of SGST/UTGST and vice versa.

TYPES OF GSTR RETURN -

TYPES OF GSTR RETURN -

  • GSTR – 1
  • GSTR – 2
  • GSTR – 3
  • GSTR – 4
  • GSTR – 5
  • GSTR – 6
  • GSTR – 7
  • GSTR – 8
  • GSTR – 9

Extension of GSTR-1 Filing Due Dates

Extension of GSTR-1 Filing Due Dates

Penalty

Penalty

If any of the offenses are committed then a penalty will have to be paid under GST. The principles on which these penalties are based are also mentioned by law.

For late filing

For late filing

Late filing attracts penalty called late fee. The late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. The maximum is Rs.5,000. There is no late fee on IGST in case of delayed filing.

Along with late fee, interest has to be paid at 18% per annum. It has to be calculated by the taxpayer on the tax to be paid. The time period will be from the next day of filing to the date of payment.

For not filing

For not filing

If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty (see below).

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