Accountants perform services such as preparing tax returns, financial records, and designing strategies to reduce a company’s tax obligations. Financial management consultants use their background in accounting and experience in the corporate world to help a company make intelligent strategic.
Taxation is an extremely complex subject and needs professional skill of the highest order and the consultant has to keep track of frequent changes and modifications made in the Income tax rules from time to time to be able to guide aptly in tax planning, documentation and represent the cases skillfully. Even a minor lapse can cost tons of money to an assessee. So we offer pragmatic solutions to manage the affairs in the most tax efficient manner. We have an aptitude for providing expert advice in tax planning. Our tax consultancy service include income tax planning, Fringe benefit tax consultancy , Indian direct tax consultancy to corporate sectors, individuals , Firms and HUF.
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. In simple words, GST is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws that previously existed in India. GST or the Goods and Services Tax aims to remove the cascading effect of various taxes. The scary part that is most visible now is the shooting up of services tax – from 14-15% depending upon the sector to flat 18%, but the negative effect is only short term. Due to the elimination of cascading of taxes, the potential benefits of GST to Indian economy are many and would lead to a number of goods being available at a much cheaper rate.
Components of GST
1) CGST: Collected by the Central Government on an intra-state sale (Eg: Within Gujarat)
2) SGST: Collected by the State Government on an intra-state sale (Eg: Within Gujarat)
3) IGST: Collected by the Central Government for inter-state sale (Eg: Gujarat to Maharastra)
We offer a full range of accounting and bookkeeping services. Sole proprietorship, Partnership Firms, companies, small businesses, mid & Large size businesses all have different accounting and bookkeeping needs. To cater to this varied requirement, we offer tailor-made accounting systems. Whether it is a full service accounting and book-keeping plan or quarterly updates and financial statement preparation, we provide accurate and timely service.