Types of Audits conducted by us:

• Statutory Audit of Companies.
• Tax Audit under Section 44AB of the Income Tax Act, 1961
• VAT Audit under Maharashtra Value Added Tax Act, 2002
• Internal Audit
• Concurrent Audits.
• Revenue Audit of Banks.
• Branch Audits of Banks.
• Audit of PF Trusts, Charitable Trusts, Schools, colleges etc.
• Audit of Co-operative Societies.
• Information System Audit.

• GST registration
• GST Advisory
• GST return filling
• GST audit
• GST refund claim
• Reply to notice from department

And other related matters ...

• Company / LLP / Partnership Formation
• Change of Name, Objects, Registered Office, etc
• Regular Filing of returns and various forms, documents with ROC- Like filing of All ROC Forms such as (Form 1, 18, 32, 5) & Form 23AC, Form 23ACA, Form 20B, Form 66
• XBRL filing
• Consultancy on Company Law matters
• Secretarial Matters including share transfer
• Consultancy on Public/Rights/Bonus Issue of shares
• Planning for Mergers, Acquisitions, De-mergers, and Corporate re-organizations
• Clause 49 review for compliance with fiscal, corporate and tax laws

Any business person wanting to set-up business in India needs help of an expert.

For this purpose we provide complete service bunch in following way:-

• Suitable structure for your business (i.e. sole-trader ,HUF, partnership, LLP, company)
• Full Explanation on Pros and Cons of each applicable structure
• Assistance to obtain loan and finance from banks
• Advice on applicable Indian Laws - Indian Companies Act, Income Tax Act, VAT, CST , Service Tax, Professional Tax, FEMA, DTAA, RBI Provisions, SBI Regulations, Transfer Pricing Provisions etc and as per that advice on statutory compliances required to be fulfilled under them
• Obtaining all applicable registrations - applying for PAN, TAN, VAT registration, service tax registration , Excise Registration , Registration under Shop & Establishment Act , Import Export License etc
• Timely Return filing under all applicable Acts – Income Tax , VAT , Service Tax , Professional Tax , TDS returns
• ROC return filing - Filing of All ROC Forms such as (Form 1, 18, 32, 5) & Form 23AC. Form 23ACA, Form 20B, Form 66 and XBRL filing
• Cash flow projections, budgets and trading forecasts
• Setting up of accounting system and maintenance of complete accounts on behalf of clients in Tally ERP or in any other accounting software
• Setting up of adequate internal checks and control system to prevent any leakages
• All statutory compliances will be dealt with

Further our team will keep updating the entrepreneur about the various amendments in laws which shall directly or indirectly influence his business so that he can take informed decisions crucial for his business. Also, he will be able to meet the challenges of global avenues. Our services shall also give your business the much-needed cutting edge over the competitors.

Finance Related Services

• Preparations of Project Reports for Bank Loans
• Preparation of CMA data for bank loans.
• External Credit Borrowings ( ECBs)
• Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc.

• Filing Income Tax returns for all kinds of assesses like
• Individuals, Partnership Firm, HUF
• Private Limited Companies
• HUF / AOP/ BOI/ Trust and Co-operative Societies
• Schools & Colleges etc.
•    Filing Income tax returns for employees of corporate clients
•    Filing Wealth tax returns
•    Tax Calculation, & Tax Payment/obtaining tax refund (Advance Tax , Self Assessment Tax & Wealth Tax)
•    Obtaining PAN
•    Tax Planning to save taxes , tax structuring for Corporate and others
•    Designing/restructuring salary structure to minimise tax burden (Payroll Designing)
•    Replies to notices from Department Representation before Income tax department for rectification, assessment, obtaining refunds etc
•    Expertise in complicated direct tax assessments.
•    Certifying Exports and Foreign exchange earnings and remittances
•    Filing and pleading appeals under various provisions of IT Act.
•    Special expertise in search, seizure and prosecution litigation
•    Obtaining Advance tax Rulings
•    Expert services with personal attention
•    Obtaining No Objection Certificates from Income tax department.
•    Calculation of Deferred Tax Liabilty
•    Providing regular updates on amendments, circulars, notifications & judgments.
•    Advice on future tax implications in respect of the potential acquisition.
•    Opinions on the various Double Tax Avoidance Agreement related issues.
•    Settlement of various issues raised under FEMA

VAT related services

•    Getting Sales Tax Registration under VAT and Central Sales Tax
•    Calculation of VAT and Preparation and filing of VAT returns
•    VAT Audit under VAT Act
•    Assistance in claiming input tax credit & Refunds
•    Help in obtaining statutory forms like Form C , Form H etc
•    Liaison with VAT authorities
•    Consultancy on matters related to Sales Tax including Tax planning
•    Getting Sales Tax Assessments done
•    Filing and pleading appeals wherever necessary

Service Tax related services

•    Obtaining Registration under Service tax Act
•    Obtaining Centralised Registration
•    Calculation Of Service Tax and it’s Payment
•    Preparation and filing of Service Tax Return
•    Advise on maintenance of proper records and proper accounting for Service tax.
•    Consultancy on various issues relating to Service Tax.
•    Utilization and availment of service tax credit in accordance with the Service Tax Credit Rules, 2002.
•    Assistance in availment of notified Abatements.
•    Getting assessments done.

Professional Tax Compliances

•    Professional Tax Registration as applicable to Professionals
•    Professional Tax Registration as applicable to employers to deduct Professional Tax on behalf of employees
•    Professional Tax Calculation and Payment
•    Professional Tax Return Filing
•    Consultancy on deduction and payment of employee’s Professional Tax by employer and subsequent return filing of same

GST related service (Compliance, Audits, and other related ancillary services)

• Advice on all matters related to compliance of TDS/TCS provisions.
• Obtaining Tax Deduction Account Number (TAN).
• Computation of monthly TDS and payment of same
• Filing of quarterly E-TDS
• Periodic review of TDS / Withholding Tax compliance.
• Issue of TDS certificates.
• Filing of Correction Statements.
• Replies to Notices from Department.
• TDS assessment

• Trademark
• Project finance
• Preparation of fund flow and cash flow statements and forecasts
• Projection of working capital requirements
• Planning capital structure
• Designing budgetary and control system
• Determining measures of the effective utilization of capital
• Help in finding solutions for specific business problems such as product mix decisions, pricing decisions, and making representation to Government on various matters etc.
• Assist in the preparation of feasibility studies of new project and expansion schemes
• Acting as advisor or consultant to an issue, including such matters as drafting of prospectus and memorandum containing salient features of prospectus, preparation of publicity budget etc.
• Drafting of Memorandum and Articles of Association
• Raising of Capital, new issues and matters concerned therewith including SEBI Guidelines
• Preparation and Analysis of Prospectus
• Financial management planning and financial policy determination
• Capital structure planning and advice regarding raising finance
• Preparing project reports and feasibility studies
• Budgeting including capital budgets and revenue budgets
• Inventory management, material handling and storage
• Market research and demand studies
• Price-fixation and other management decision making
• Management accounting systems, cost control and value analysis
• Control methods and management information and reporting
• Valuation of shares and business and advice regarding amalgamation, merger and acquisition
• Internal Restructuring Consultancy
• Business Valuation
• Strategic Planning
• Various ISO Certification

Avoid risks, conduct a physical verification of assets today

Physical verification of assets is a process conducted by auditors to make sure that the assets of an entity actually exist. It is of immense importance for every business to carry out this process at the end of every financial year. Our approach to verification is to conduct a line-by-line reconciliation of fixed assets accounting records to assets found during the physical inventory taking process. We have a team of associates and supervisors to work on permanent account number (PAN) India & international basis. In order to serve in remote locations, we have a special team adjustable to local language and location.

Objective of Physical Verification of Assets:

• It is a statutory compliance as per CARO 2016
• Ensures existence of assets of an entity
• Facilitates valuation and rectification for any accounting discrepancy
• To manage internal compliances of the entity
• Critical for continuous customer service

This requires objective assessment of ledger contents and internal controls that support asset management. The process includes:

• Automated comparison of asset tag and serial numbers.
• Automated and manual comparison of manufacturer model numbers.
• Comparison of additional available information such as description, location and department are taken into consideration.
• An effort to address potential matches by description, manufacturer, model and serial number that may appear elsewhere in each record entry.
• Allocation of bulk entries and grouped assets to the individual assets (computer equipment, furniture, manufacturing equipment, etc.)
• Follow-up visits as necessary to verify any residual assets and / or gather additional information.
• Creation of audit trail for linking the reconciled inventory file with the existing fixed asset accounting records.

At the closure of the verification, we provide an audit trail in an excel spreadsheet along with several specific reconciliation reports such as matched assets, unrecorded additions and unrecorded retirements.

Our team of experts will:

• Consolidate physical report for all sites and assets / inventories
• Perform reconciliation between physical count and book count
• Compute difference and identifying the reasons
• Executive Summary (signed off by Technical, SCM, Finance, AJSH)
• Provide Physical Verification Report