Our firm brings over 8 years of expertise in taxation, audit, advisory, and consulting services. With a team of experienced professionals, we deliver tailored solutions to meet our clients’ evolving business needs. Our extensive experience across diverse industries ensures value-driven, compliance-focused, and strategic support for businesses of all sizes.

Main Services and Sub-services

1. Goods and Services Tax (GST) Services

1.1 GST Compliance and Review Services

  • Periodical Compliance Reviews:
    • Review of outward supplies, tax rates, exemptions, and export benefits.
    • Assessment of input tax credit eligibility and completeness.
    • Evaluation of procedural compliance, including registrations, tax payments, and return filings.
  • Area-Specific Reviews:
    • Focused reviews of sales, procurements, exports, credits, and refunds.
    • System reviews for automation and compliance alignment.
    • Agreement reviews to optimize tax benefits.
  • GST Due Diligence:
    • Tax exposure assessments for restructuring, Slump Sale and M&A deals.
    • Litigation risk identification and remedial strategies.
  • Pre-departmental Audit Review:
    • Identifying risk areas to minimize litigation risks during departmental audits.
  • Compliance Support for Auditors:
    • Assisting statutory, tax, and internal auditors in GST-related reporting.

1.2 GST Compliance and System Support

  • Obtaining and managing GST registrations.
  • GST return filing and tax payment reviews.
  • Designing internal controls and implementing indirect tax-compliant systems.
  • Standard Operating Procedure (SOP) development for tax management.

1.3 GST Refund Services

  • Export Refunds: Evaluation and filing for refunds on exports of goods or services.
  • Inverted Duty Structure Refunds:
    • Classification, computation, and filing for refunds.
  • Other Refunds: Handling excess tax payments and credit adjustments.

1.4 GST Advisory and Consultancy

  • Tax optimization and compliance advice.
  • Transaction structuring and industry-specific consulting.
  • Post-implementation advisory and contract vetting.
  • Retainership model services, including updates, record maintenance, and department correspondence.

1.5 Representation and Legal Support

  • Responding to audit objections and show-cause notices.
  • Filing and representation in appeals at various judicial levels.
  • Advance ruling applications and representation.
  • Advocacy before tax bodies and GST councils.

1.6 Indirect Tax Training

  • Customized training for management and operational staff.
  • Initial handholding for new businesses.

2. Audit and Assurance Services

2.1 Financial Statement Audits

  • Statutory audits under IGAAP and IND-AS.
  • IFRS and US GAAP advisory.
  • Financial reporting advisory and due diligence reviews.

2.2 Internal Audits and Management Assurance

  • Development of internal audit strategies.
  • Stock and asset verification.
  • Internal financial controls assessment.

2.3 Specialized Audits

  • Risk-based audits.
  • Regulatory compliance audits (IRDAI, SEBI, RBI, PCI, ISO 27001).

3. Taxation Services

3.1 Corporate Taxation

  • Tax audits and return filings.
  • Tax planning and deferred tax calculations.
  • TDS/TCS compliance and reconciliation.

3.2 Tax Litigation Support

  • Representation before tax authorities.
  • Preparation of appeals and responses to department notices.

3.3 Advisory and Certification

  • Industry-specific opinions.
  • Regulatory certifications (MAT, FTZ, SEZ, etc.).

3.4. ITAT Appeals Handling

  • We specialize in representing clients before the Income Tax Appellate Tribunal (ITAT) to resolve complex tax disputes. Our services in this domain include:
  • Case Analysis and Strategy: In-depth analysis of client cases to identify strong legal and factual grounds for appeal.
  • Drafting Appeals and Written Submissions: Preparation of meticulously drafted appeal petitions, statements of facts, and supporting documents.
  • Representation at ITAT: Strong representation during hearings, presenting facts and legal arguments effectively.
  • Post-Judgment Support: Assistance in implementing ITAT orders and providing advisory on further appellate remedies, if needed.

3.5. Registration of 80G and 12A under the Income Tax Act, 1961

  • We assist charitable organizations and NGOs in obtaining necessary registrations to avail income tax exemptions and benefits. Our services include:
  • Eligibility Assessment: Comprehensive evaluation of the organization’s structure and activities to confirm eligibility.
  • Documentation Assistance: Guidance in preparing and collating necessary documents, including Trust Deeds, MOAs, financial statements, and activity reports.
  • Application Filing: Filing Form 10A/10AB for registration under Section 12A and/or Section 80G, along with proper representations.
  • Follow-Up and Compliance: Continuous coordination with the tax authorities for speedy processing and resolution of queries.
  • Renewal and Revalidation: Assistance with renewal and compliance for continued registration.

4. Advisory and Business Consulting

4.1 Risk Advisory

  • Enterprise risk management.
  • Forensic and investigative services.
  • Governance reviews and board evaluations.

4.2 Transaction Advisory

  • Support for M&A, disposals, and fund-raising activities.
  • Due diligence and financial modelling.

4.3 CXO and Business Advisory

  • Development of compliance frameworks and decision support systems.
  • Cash flow management and financial strategy formulation.
  • MIS and KPI analysis for informed decision-making.

5. Specialized Services

5.1 Information Systems Audit

  • IT general controls and application control audits.
  • Compliance health checks and cybersecurity reviews.

5.2 Forensic and Investigative Services

  • Financial fraud investigations and whistle-blower management.
  • Digital forensics and ethics policy design.

6. Advisory Services for Government Subsidies and Incentives

  • With expertise in navigating the complex regulatory frameworks of state and central government schemes, we assist businesses, entrepreneurs, and industries in obtaining maximum benefits under various subsidy and incentive programs. Our mission is to provide end-to-end guidance, ensuring compliance and timely disbursement of financial aid to support business growth and development.
  • 1. Advisory Services for Government Subsidies:

 – Identifying eligible subsidies and incentives.

 – Preparing applications and required documentation.

 – Assisting in subsidy claims under state and central schemes.

  • 2. Subsidy Eligibility Assessment:

– Detailed analysis of projects to determine eligibility.

– Guidance on financial structuring to align with government policies.

  • 3. Incentive Optimization:

  – Comprehensive planning to maximize benefits under applicable schemes.

   – Advising on tax benefits and exemptions under incentive programs.

  • 4. Compliance and Documentation

 –  Ensuring adherence to eligibility criteria and procedural requirements.

 – Preparation and submission of periodic reports and returns as per government norms.

  • 5. Representation and Liaison:

–  Coordinating with government departments and agencies for approvals.

–  Representing clients in case of queries or audits related to subsidies.

  • 6. Specialized Advisory for Sector-Specific Incentives:

           –  MSMEs, startups, agriculture, manufacturing, renewable energy, and more.

  • Subsidies and Incentives in Karnataka

State-Level Subsidies:

  • 1. Industrial Policy Subsidies:

           –  Investment promotion subsidy for MSMEs.

           –  Special incentives for SC/ST entrepreneurs.

            – Subsidies for women-led enterprises.

  •  2. Energy and Renewable Energy Subsidies:

   – Capital subsidies for solar and wind energy projects.

         – Incentives for energy-efficient equipment and technologies.

  • 3. Agriculture and Rural Development Subsidies:

         – Subsidies for cold storage and food processing units.

          – Support for agro-industries and organic farming.

  • 4. Skill Development and Employment:

– Reimbursement of skill development training costs.

– Employment generation subsidies under the “Amrita Scheme.”

  • 5. Research and Development Incentives:

   – Grants for innovation and research initiatives.

   – Tax exemptions for recognized R&D centers.

  • Central Government Schemes Available in Karnataka:

– Credit Linked Capital Subsidy Scheme (CLCSS).

– Pradhan Mantri Kisan Sampada Yojana.

– Production Linked Incentive (PLI) Scheme.

– Startup India Seed Fund Scheme.

– Atal Innovation Mission (AIM).

  • Subsidies and Incentives in Goa
  • State-Level Subsidies:
  • 1. Goa Industrial Development Policy Incentives

– Capital investment subsidies for new industries.

             – Interest subsidies on term loans.

  • 2. *Tourism Sector Incentives:*

     – Support for eco-tourism and heritage tourism projects.

 – Incentives for developing tourism infrastructure.

  • 3. *IT and Startups:*

   – Financial assistance for IT companies and startups.

         – Reimbursement of lease rentals and internet charges for startups.

  • 4. *Agriculture Subsidies:*

   – Subsidy for mechanized farming equipment.

   – Financial aid for organic and horticulture farming.

   – Subsidies for adopting green technologies.

   – Support for waste management and recycling projects.

  • Central Government Schemes Available in Goa:

– Scheme for Integrated Textile Parks (SITP).

– Export Promotion Capital Goods Scheme (EPCG).

  • National Livestock Mission.

– Fisheries and Aquaculture Infrastructure Development Fund (FIDF).

Why Choose Us?

  • Extensive expertise spanning over 8 Years.
  • Client-centric approach tailored to specific business needs.
  • Commitment to delivering high-quality, cost-effective, and compliant solutions.
  • Proactive updates on regulatory changes and emerging opportunities.

Contact Us For more information on how we can support your business, please reach out to our team.

Incorporate:

  1. Services Relating to Startup’s – DPIIT Registration, Tax Holidays, Govt Schemes Etc)
  2. Structuring Business Process in Accounts Department is a key area of Practice which shall enable the Clients to remain compliant with all the applicable laws.
  3. Look if any specific compliances are applicable for Hospitality Industry – Highlight certain services for Hospitality Industry, if possible.

Service Profile of [Your Chartered Accountant Firm Name]

4. Management Consultation and Business Advisory

We assist businesses in making informed decisions through customized advisory services. Our offerings include:

  • Strategic Planning: Helping businesses identify goals, develop strategies, and implement plans for sustainable growth.
  • Risk Management: Identifying and mitigating financial, operational, and strategic risks.
  • Performance Improvement: Analyzing key performance metrics to improve efficiency and profitability.
  • Corporate Restructuring: Guiding businesses through mergers, acquisitions, and reorganizations for better financial outcomes.
  • Process Optimization: Streamlining workflows to enhance productivity and cost efficiency.

5. Accounts and BPO (Business Process Outsourcing)

We provide end-to-end solutions for managing accounting and financial operations, enabling clients to focus on core activities. Services include:

  • Accounting Services: Preparation and maintenance of books of accounts as per regulatory standards.
  • Payroll Management: Handling payroll processing, compliance, and reporting.
  • Reconciliation Services: Bank, vendor, and customer reconciliations to ensure accuracy in records.
  • Financial Reporting: Preparation of MIS reports, cash flow statements, and financial dashboards.
  • Outsourced CFO Services: Strategic financial oversight to support decision-making and growth.

6. Subsidies and Incentives

We assist businesses in availing government benefits to maximize their financial potential. Services include:

  • Eligibility Assessment: Evaluating schemes and programs that align with client activities.
  • Application Assistance: Preparing and submitting subsidy and incentive applications.
  • Compliance Support: Ensuring adherence to scheme requirements and timelines.
  • Grant Monitoring: Tracking the status of applications and disbursement of funds.
  • Advisory on Export Incentives: Guiding clients on MEIS, SEIS, and other export-linked benefits.

7. Services Relating to Startups

We provide comprehensive support to startups, empowering them to establish and scale their businesses efficiently. Our services include:

  • DPIIT Registration: Assistance with recognition and registration under DPIIT to avail benefits.
  • Tax Holidays and Exemptions: Advisory on startup-specific tax incentives and exemptions.
  • Government Schemes: Guidance on availing grants, funding, and support under various government programs.
  • Compliance Assistance: Ensuring adherence to regulatory requirements for startups.
  • Business Structuring: Advising on the optimal structure for tax efficiency and growth.

8. Structuring Business Processes in Accounts Department

A well-structured accounts department is key to staying compliant and efficient. We offer:

  • Process Assessment: Reviewing existing workflows to identify gaps and inefficiencies.
  • Implementation of Best Practices: Establishing robust processes for bookkeeping, invoicing, and reconciliations.
  • Compliance Framework: Ensuring processes align with GST, Income Tax, and other applicable laws.
  • Automation Advisory: Integrating technology to streamline repetitive tasks and enhance accuracy.
  • Training and Support: Building the capacity of in-house teams to maintain compliance and efficiency.

9. Services for the Hospitality Industry

The hospitality industry has unique compliance and financial requirements. We provide tailored services, including:

  • GST Compliance: Advisory on GST applicability, input tax credit, and filing requirements.
  • FSSAI Compliance: Assistance with food safety and standards registrations and renewals.
  • TDS and Payroll Compliance: Ensuring accurate deduction and timely filing of TDS returns.
  • Licensing and Approvals: Support in obtaining and renewing licenses required for operations.
  • Profitability Analysis: Evaluating key metrics like ARR, RevPAR, and occupancy rates to enhance profitability.
  • Government Incentives: Identifying and assisting with sector-specific subsidies and schemes.

Why Choose Us? Our firm brings years of expertise, a client-centric approach, and a commitment to excellence. With a deep understanding of Indian regulations and industry dynamics, we aim to deliver value-driven solutions tailored to your unique business needs.