Management ConsultAncy

GST is a single window to taxes on goods and services and will be with a regime to be charged on destination principal and credit of input will be availed once value addition is achieved. Important to understand difference between current tax structure and proposed GST operations GST is defined as “any tax on supply of goods and services other than on alcohol for human consumption”. Basically GST is a value added tax, which will be levied at all points in supply chain, where the deliverable changes hands, with a privilege to avail credit for any tax paid on input received for use in creating such supply. GST Subsumes – VAT or sales tax, Central Sales tax, Entertainment tax (taxes on entertainment at panchayat, municipality or district level), Service Tax, Central Excise Duty, Purchase Tax, Octroi etc. GST will work in 2 parts – Intra State and Inter State (IGST) and Intra State is further divided into two parts i.e. Central GST (CGST) and State GST (SGST) and the same will impact basis destination principal. Exceptions on Applicability of GST - Alcohol for Human Consumption – State Excise, Electricity – Electricity Duty, Real Estate – Stamp Duty along with Property Tax, Petroleum Products (Some of them), Tobacco Products – Undr GST as well as Central Excise. We Offer: Registration under Goods and Services Tax Act Maintenance of Books and Accounts as per GST Laws Preparation and filing of returns Assistance in calculation and depositing GST Audit of Books in purview of GST Laws

Book keeping General ledger accounting, accounts reconciliation & consolidation, management reporting, inter-company transactions, interim /annual financial statements, project/product accounting, fixed asset accounting. Receivables and Payables Accounting Billing, credit and collection management & analysis, purchase order management, contract management, payment authorization, cost accounting and vendor management. Compliance Management & Statutory Reporting Financial statements preparation under Indian GAAP, US GAAP, financial budgeting, SOX compliance advisory, Compliance with Reserve Bank of India, FEMA, Registrar of Companies( MCA) guidelines. Compliance with income tax, provident fund, ESI, labour laws and all applicable statutes. Corporate Finance Cash/Treasury management, cash receipts & collection management, bank reconciliation, credit management & analysis. Tax Returns Return preparation, document organization on web server, upload processed data to client, access scans via web browser. Vendor TDS Outsourcing Vendor TDS, checking bills, Calculation of TDS, reconciliation of TDS, generation & dispatch of certificates, deposit of quarterly returns, maintenance of TDS certificate details & dispatch. Employee TDS Outsourcing Obtaining declarations, updating of declaration on a monthly basis, deposit of TDS after compilation, deposit of quarterly return, issue of Form 16 part B, checking investment proof, interaction with employees

Compliances under Income Tax changes every year upon resuming of Finance Act. Each assesse has to file its Income Tax Return yearly. Assessees include: Individuals Corporates Firms Association of Persons Body of Individuals Societies Trusts And all these assessees have to file their Income Tax Return as per type of Income they have earned like Salary, Income from House Property, Income from Business and Profession, Income from Capital Gains etc. GKCM has single roof solution for all kinds of services under Direct Taxation. Interested ? Contact Us For More Information Your Name Your Email Phone Your Message SUBMIT OUR SERVICES