Services

GSTR-4 Filing

What is GSTR-4?

GSTR-4 is a quarterly tax summary return filed by registered taxpayers during the Financial Year under composition Levy scheme. Those who opt for this scheme are known as compounding vendors.

What is Composition Levy?

It is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate.

Who Should file GSTR-4?

Services Covered

GSTR-4 FAQs

Document Checklist

GSTR-4 Service Price Options

Nil Returns

₹550 / Month
  • Online Nil Return Filing for one GSTIN only
  • 1-2 Day Delivery
  • Hassle Free Experience
  • All day-time working Support (7 days)
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General

From ₹800 / Single Filing
  • Online Return Filing of GSTR-4 for one GSTIN only
  • Price to be Quoted after reviewing business details as per Quotation form.
  • Preparation of Excel Summary sheet with Computation.
  • Includes calculation from both B2B and B2C Invoices/ Bill of supply.
  • Delivery time within 2-10 days
  • Hassle Free Experience
  • All day-time working Support (7 days)
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Bookkeeping FAQs (Frequently Asked Questions)
  • Will the Accountant Visit your office/premises in person for bookkeeping task?

  - The accounting and Bookkeeping services will be done online/remotely by using online software. Our experts shall be available by Phone, Email and WhatsApp.

  • You are using an existing Accounting Software. Can we use the same software for your Bookkeeping?

-  Yes, our experts are usually trained for using most of the accounting software. Your Log-in credentials shall be required in this case to perform the task on you behalf.

  • You are not using any Accounting Software. Will our services involves working on accounting software?

- Our accounting experts will prepare your books using commonly popular softwares like Tally & Quick-books. However, we will only share the final data and backups of your accounts. Software or respective licence will not be included.

GST Reconciliation FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST Reconciliation task?

  - The GST Reconciliation services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

 

  • What are major kinds of GST Reconciliation?

- Books of account Vs GSTR3B

- Book s of account Vs GSTR-1

- ITC (Books Vs GSTR-2A Vs GSTR3B)

- GSTR3B Vs GSTR-1

 

  • What are examples of mismatches which occurs under GST Reconciliation?

- Mismatches in Invoices Details (such as wrong invoice numbers, invoice date, invoice value etc.)

- Mismatches of credit to be claimed as per GSTR3B and GSTR 2A.

- Mismatches in GSTIN (such as supplier purchases the wrong GSTIN causing conflict in claiming ITC)

GST Registration FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for registration task?

  - The GST Registration services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

 

  • Who are existing taxpayer? What comes under it?

-  Its an entity currently registered under central or state laws, such as Central Excise, Service Tax, States Sales Tax (or VAT), Entry Tax, Luxury Tax, Entertainment Tax etc. 

 

  • For business registered in multiple locations, do you need to apply separately for each location?

- You can get all locations registered under a single GST registration application, provided all the branches are in same state. 

 

  • Are there any exceptions for those who are not liable to file GST Returns?

- UN Bodies and foreign consulates are exempted from GST return filing (they only have to fole for the month they made any purchase). Also, Public sector undertakings or any business or trade-in-non GST supplies are not required to register under GST. 

 

  • What is Composition Scheme? Can you opt for GST registration under composition scheme?

- Yes, a composition scheme is optional and voluntary and is required for business either of Manufacturer/ trader/ Restaurant service provider who has turnover of Max. INR 1.5cr (under normal states) and Max. INR 75 lacs (under special states). All entities registered under composition scheme has to file GSTR-4 returns. 

 

  • What are Normal category states and special category states?

- Normal Category states: Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, J&K, Assam, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal

- Special Category States: Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand

- Normal Category states who choose status Quo: Kerala and Telangana

GST Surrender & GSTR-10 (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST surrender and filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

 

  • What is GST Surrender procedure?

- GST cancellation application has to be made in FORM REG 16 which constitute details of Liability, payments and pending stocks of goods.

- The GST officer will thereafter issue an order of cancellation in FORM GST REG-19 within 30 days from date of application. 

 

  • What are due dates and penalty for filing GSTR-10?

- Must be filed within 3 months of application of cancellation, OR date of cancellation order.

- If taxpayer fails to file this return in time, then a notice for not filing will be sent to registered person with a timeline of 15 days period of filing and if again fails to do so then the final order with penalty will be issued by authorities. 

 

  • Who are exempted to file GSTR-10?

- Input service Distributor

- Non-resident taxable persons

- Persons required to deduct TDS u/s 51

- Persons paying tax u/s 10 (Composition Taxpayer)

- Persons required to collect TCS u/s 52

GSTR-3B & GSTR-1 FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

  • What are due dates for filing GSTR-3B and GSTR-1?

-  GSTR-3B has to be file latest by 20th of the subsequent month. For GSTR-1, business above Rs 1.5 crore filing the returns monthly.has to file it latest by 10th of the subsequent month, while business with sales up-to Rs 1.5 crore filing the returns quarterly  has to file it latest by 30th of the subsequent month. 

- Yes, the reconciliation is needed to avoid any interest and penalties due to short payment of tax, any discrepancies in invoices, accurate claims of ITC (Input tax credit) etc. during the financial year. 

  • If there is sale or purchase during the month, is it still necessary to file GSTR-3B?

- Yes, even if there is no sale or purchase, every taxpayer has to file nil returns for that month.

  • Can you clubbed common registration of having 2 GSTIN?

- No, GSTR-3B has to be filed separately for every GSTIN seperately and cannot be clubbed together.

  • Can you revise GSTR-3B and GSTR-1 after filing?

- No, returns once filed in both cases cannot be revised. Any mistakes done in the return filed can be rectified in the next periods (month/quarter) return. 

  • What is late fees and penalty for GSTR-3B filing?

- Rs. 50 per day of delay. And Rs. 20 per day of delay for taxpayers having Nil tax liability for the month.

  • What is late fees and penalty for GSTR-1 filing?

- Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act). Late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return)

GSTR-4 FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

  • What are due dates, lte fees and penalty for filing GSTR-4?

- GSTR-4 Due date is 18th of the month after the end of the quarter; If GSTR-4 is not filed, the penalty of Rs 200 per day is levied. The maximum penalty limit is Rs. 5000. Central Tax late fees for GSTR-4 is brought down to Rs. 50 per day in case of default. Also, the late fee for the filing of NIL GSTR-4 is brought down to Rs. 20 per day in case of delay.

  • What are states where the GSTR-4 Filing eligibility limit of turnover is Rs. 50 lakhs?

- Assam, Aurnachal Pradesh, Manipur, Meghalaya, Mizorum, Nagaland, Sikkim, Tripura & Himachal Pradesh.

  • If there is sale or purchase during the quarter, is it still necessary to file GSTR-4?

- Yes, even if there is no sale or purchase, every eligible taxpayer has to file nil returns.

  • When will a person opting for composition levy under GSTR-4 liable to pay tax?

- They have to pay tax on quarterly basis before 18th of the month succeeding the quarter during which supplies were made.  

  • Can the person avail Input Tax Credit on his inward supplies under this scheme?

- No. He/she cannot take credit on his input supplies.  Under the composition scheme is out of the credit chain. When he/she switch over from composition scheme to normal scheme, eligible credit on the date of transition would be allowed

  • If a person availing composition scheme, crosses the turnover threshold of Rs.75 lakhs/50 lakhs during the course of the year, will he/she be allowed to pay tax under composition scheme for the remainder of the year till 31st Mach ?

- No. The option to pay tax under composition scheme lapses from the day on which his aggregate turnover during the financial year exceeds the specified limit (Rs. 75 lakhs /Rs. 50 lakhs). He/she is required to file an intimation for withdrawal from the scheme in FORM GST CMP-04 within seven days from the day on which the threshold limit has been crossed.

  • Can a person paying tax under the composition scheme issue a tax invoice under GST?

- No. He/she can issue a bill of supply in lieu of tax invoice.

  • Can the option to pay tax under composition levy be exercised at any time of the year?

-  No. The option is required to be given electronically in FORM GST CMP-02, prior to the commencement of the relevant financial year.

  • In case a person has registration in multiple states? Can he opt for payment of tax under composition levy only in one state and not in other state?

- The option to pay tax under composition scheme will have to be exercised for all States. 

  • Can a person perform Inter-state sale under this scheme?

- Inter-state Sale cannot be done in this scheme. Only Intrastate allowed.

GSTR-7 FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

  • What are due dates, late fees and penalty for filing GSTR-7?

- GSTR-7 Due date is 10th of the following month (the government may either extend or change the date by an official notification);

- If GSTR-7 is not filed before due date, the penalty of Rs 100 per day under CGST and Rs 100 under SGST. So the total will be Rs.200 per day. The maximum penalty levied will be Rs. 5000. There is no late fee in case of delayed filing on IGST.

- Along with the late fee, interest has to be paid at 18% per annum. The rate of interest will be calculated from the next day of the due date of filing to the date of payment.

  • If there is no TDS deducted during the tax period, is it still necessary to file GSTR-7?

- No its is not mandatory to file nil return in such case.

  • Can the deductee take action on the TDS credit declared by deductor?

- The deductee can accept/ reject the TDS details auto-populated to TDS and TCS Credit received table of his/her return. Taking action by deductee is mandatory for crediting the amount of TDS to cash ledger.

  • When TDS amount will be credited to deductee’s Electronic Cash Ledger?

- TDS amount will be credited to deductee’s Electronic Cash Ledger only after his/ her accepting of TDS and TCS credit received (which is auto populated on filing of returns by the deductor) and filing of this relevant form.

  • What will happen if the TDS credit entry is rejected by the deductee?

- TDS credit entries rejected by the deductee will be auto-populated into Table 4 of Form GSTR-7 and the relevant details will be required to be amended by the deductor in Form GSTR-7 of next tax period. Post correction of such details in Form GSTR-7, the data will automatically flow to concerned GSTIN (supplier) for accepting or rejecting it. This process will be repeated until TDS details are accepted by counter-party.

GSTR-8 FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

 

  • What are due dates, late fees and penalty for filing GSTR-8?

- Due date of filing GSTR 8 is on the 10th of the following month. For reference: Due date of filing GSTR 8 for December is 10th of January. In addition, e-commerce operators are also required to file an Annual Statement of TCS on or before 31st December following the end of every financial year.

- If GSTR-8 return is not filing within due date, then a penalty of Rs 100 under CGST & Rs 100 under SGST shall be levied per day. The total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST in case of delayed filing.

 

  • Can the GSTR-8 be amended after filing?

- No. Once filed it cannot be amended. Any mistake made in the return can be revised in the next month’s return

GSTR-9 FAQs (Frequently Asked Questions)
  • Will the GST service person assigned to you will visit your office/premises in person for GST filing task?

  - The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

  • What are due dates, late fees and penalty for filing GSTR-9?

-  GSTR-9 (Annual Return)  shall be duly filed by a taxpayer on or before 31st of December of the next financial year, Late fees for not filing GSTR-9 is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.

  • Does other GSTR returns like GSTR-3B and GSTR 1 filings are also including with this plan?

- No, This is only meant for GSTR-9 Annual returns filing. You would have to purchase others plan separately. 

  • If you have missed filing GSTR-3B and GSTR-1, can you still file GSTR-9 annual returns?

- No, unless you have filed all the GSTR of the Financial year, you cannot file GSTR-9.

  • Can the GSTR-9 be amended after filing?

- No. Once filed it cannot be amended. 

  • What is difference between  GSTR-9 and GSTR-9C?

- Form GSTR-9 is required to be filed by every person registered as normal taxpayer irrespective of their turnover.  Form GSTR-9C is required to be filed by every registered person whose turnover has been more than Rs. 2 crores during the financial year. Such taxpayers are required to get their accounts audited by Chartered Accountant or Cost Accountant and need to submit a copy of audited annual accounts and reconciliation statement as specified under section 44(2) of CGST Act.

  • Is it mandatory to file Form GSTR-9?

-  Yes, it’s mandatory to file Form GSTR-9 for normal taxpayers.

  • What are different types of GST Audit?  

-  Turnover based Audit: This is performed by CA or cost accountant appointment by taxpayer in the case where his turnover exceeds 2 crores.

- General Audit: This is performed by Commissioner of CGST/SGST or any authorized person giving 15 days prior notice.

- Special Audit: This is performed by CA or cost accountant nominated by Commissioner on order.

  • What is a GST Audit Checklist? What are major steps involved in the process?

- Checking of GSTR 3B in relation to GSTR 1 & GSTR 2A.

- Checking particulars of Invoices.

- Reversal of Input Tax Credit for non-payment in 180 days.

- Reviewing E-way bill and matching with invoices.

- Stock pending with Non-workers.

Trademark Registration FAQs (Frequently Asked Questions)
  • Will the expert visit your office/premises in person for trademark registration task?

  - The trademark registration services will be done online/remotely.. Our experts shall be available by Phone, Email and WhatsApp.

 

  • Can I register Trademark before starting the business?

-  Yes, you can register even before starting a business.. 

 

  • Is there option to get a global trademark?

- No, the trademark registration is constraint to one territory only. So if registered in India, it will be valid for India only.

 

  • What is is the Validity of Trademark Registration?

- It is valid for 10 years from the date of filing of application and can be renewed further. 

 

  • Is the trademark registered valid of all types of goods and services?

- All the trademark Registration are "Class" Specific and is valid for the entire class selected for good and services it represent. 

 

  • What are the government fees charged for trademark registration?

- Rs 4,500 per Individual and Rs 9,000 per class of the company.

Different Type of ITR Forms

Following are list of ITR form and their relevance:

ITR-1 (Sahaj): For Individuals having:

  • Income up-to 50 Lakhs
  • from Salaries/Pension
  • from Other sources (e.g: interest etc) but excluding winning from Lottery and Income from Race Horses.
  • One house property.
  • Agricultural Income upto Rs 5000

ITR-2: For Individuals and HUFs not carrying out business or profession under any proprietorship

  • Income > 50 Lakhs. (also includes winning from Lottery, bets on Race Horses and other legal means of gambling.)
  • Includes Salaries/Pension and Income from other sources
  • Capital Gains / loss on sale of investments / property (Both Short Term and Long Term)
  • More than 1 house property.
  • Foreign Income/Foreign Asset.
  • Agricultural Income more than Rs 5000
  • Holding directorship in company
  • Holding unlisted equity shares. 

ITR-3: For individuals and HUFs having income from a proprietary business or profession

ITR-4 (Sugam): For presumptive income from Business & Profession:

  • Presumptive income < 2 crore.
  • Every income from ITR-1
  • Includes all individuals and HUFs, Partnership firms (other than LLPs) 

ITR-5: Filed by person:

ITR-6: This is filed by companies – other than one claiming exemption under section 11 (Income from property held for charitable or religious purposes). 

ITR-7: Filed by persons including companies required to furnish return Under section 139(4A) or 139(4B) or 139(4C) or 139(4D) only.

Document Checklist for Bookkeeping and Accounting

Documents required for maintains books of accounts:

 

  • Summary of sales with invoices. (Including daily sales, fees, discounts, taxes, liabilities and payments)

 

  • Summary of Purchases with invoices. (Including order numbers, dates, quantities, rate, value of ordered stock, due for receiving goods and the numbers of days overdue)

 

  • All bank statements for the financial year. (including net of all preceding transactions, as of the end of each day in the reporting period)

 

  • All cash transaction register during the year. (including all prints of receipts for record-keeping)

 

  • Loan details by individual/company. (including all loan receipts)

 

  • All details on Capital contribution (paid-in capital) - including all amount of cash and other assets that all shareholders have given to the corporation in exchange of stock.
Document Checklist for GST Reconciliation
  • GST Number of the business along with Login Details. 

 

  • All the Sales Invoices issued during the Financial Year (along with summary if possible)

 

  • All the Purchase Invoices issued during the Financial year (along with summary if possible)

 

  • All the Debit and Credit notes issued during the months (along with summary if possible)

 

  • Bank statement for complete Financial year.

 

  • Complete details of Import and export bills/invoices issued during the Financial year (along with summary if possible)
Document Checklist for GST Registration

Documents required for GST Registration:

 

  • Address Proof of the Sole Proprietor/partners/Directors (such as Passport, driving licence, Voter ID card, Aadhar card etc.)

 

  • Pan Card of the Sole Proprietor/partners/Directors.

 

  • Photograph (in JPEG format of size no more than 100 KB) of the Sole Proprietor/partners/Directors.

 

  • Rent Agreement copy with NOC if rented or Property Sale Deed if self-owned with a Utility Bill. 

 

  • Partnership Deed and its Pan card only for Partnership firm.

 

  • PAN & Incorporation certificate & Board Resolution only for LLP or Private Limited Companies.

 

  • Authorized Signatory details appointment by Board Resolution only for LLP or Private Limited Companies.

 

  • Bank Account Details (Cancelled Cheque and Bank statement for 3 months)
Document Checklist for GST return filing (GSTR-3B and GSTR-1)
  • GST Number of the business along with Login Details. 

 

  • All the Sales Invoices issued during the months (along with summary if possible)

 

  • All the Purchase Invoices issued during the months (along with summary if possible)

 

  • All the Debit and Credit notes issued during the months (along with summary if possible)

 

  • Bank statement for those months. 
Document Checklist for GST return filing (GSTR-4)
  • GST Number of the business along with Login Details. 

 

  • All the Sales Invoices/Bill of supply issued during the months (along with summary if possible)

 

  • All the Purchase Invoices/ Bill of supply issued during the months (along with summary if possible)

 

  • All the Debit and Credit notes issued during the months (along with summary if possible)

 

  • Bank statement for those months. 
Document Checklist for GST return filing (GSTR-7)
  • GST Number of the business along with Login Details. 

 

  • All the TDS Invoices issued during the Tax period (along with summary if possible)

 

  • All the amended TDS invoices issued during the tax period (along with summary if possible)

 

  • All the details of refund claim during the tax period.

 

  • Bank statement for those months. 
Document Checklist for GST return filing (GSTR-8)
  • GST Number of the business along with Login Details. 

 

  • All the Invoices  (Including TCS Invoices) issued during the Tax period (along with summary if possible)

 

  • All the amended invoices issued during the tax period (along with summary if possible)

 

  • All the details of refund claim during the tax period.

 

  • Bank statement for tax period.
Document Checklist for GST Annual return filing (GSTR-9 & GST Audit)
  • GST Number of the business along with Login Details. 

 

  • All the Sales Invoices issued during the Financial year (along with summary if possible)

 

  • All the Purchase Invoices issued during the Financial year (along with summary if possible)

 

  • All the Debit and Credit notes issued during the Financial year (along with summary if possible)

 

  • Bank statement for the complete Financial year. 

 

  • All copies of GSTR-3B, GSTR-1 or any other GST returns filed during the Financial year. 

 

  • Detail summary and copies of Import and Export bills/invoices issues during the Financial Year.
Document Checklist for GST Surrender and GSTR-10 Annual Returns
  • GST Number of the business along with Login Details. 

 

  • Application Reference Number (ARN communicated to the taxpayer at the time of passing the cancellation order)

 

  • Unique ID of Cancellation Order (Unique ID provided by the authorities at the time of passing the cancellation order)

 

  • Acknowledgement of GST Return of the preceding month.

 

  • All Particulars of Closing Stock
Document Checklist for Net-Worth Certificate

Documents required for preparing Net-worth Certificate:

 

  • Fixed Assets which are purchased for long-term and not likely to be converted into cash (examples - Land, buildings, equipment etc) 

 

  • Pledged assets and securities which was used for securing the loan/debts.  (such as stocks, bonds and other equity of securities)

 

  • All intangible assets including copyrights, patents, trademarks, trade names etc (goodwill and intellectual property)

 

  • Your Current bank balance as of date.

 

  • Your current Investments in mutual funds or shares

 

  • Your current Business Capital (such as funds held in Deposit accounts, tangible machinery like production equipment, storage buildings etc.)

 

  • Details of your currently owned vehicles. 
Document Checklist for Preparing ITR

Documents required for filing of returns:

Form 16: is TDS (Tax deducted at source) certificate issued by the employer where it initiates tax deduction from their employee's salary and deposit the same with the government. The form itself provides detailed summary of the amount paid or credited to the employee and the TDS on the same. 

  • Part A: It summarizes all the detailed of TDS by deductors (other than the employer). Basically it shows the details of TDS on Employee's salary. 
  • Part B: It is annexure of Part A and shows salary breakup, allowances, deductions and relief under relevant tax sections. 

Form 26AS: This is Annual Tax Statement that can be accessed from the Income Tax Website by all taxpayers using their PAN (Permanent account number). If reflects every tax deducted from your incom by any deductor (whether its employers, banks etc) and deposited on your behalf. 

Aadhar Card: It is individual identification number issued by the Unique Identification Authority of India (UIDAI) on behalf of the Government of India to individuals for the purpose of establishing the unique identity of every single person. Its details are needed to provide in ITR form.

Pan Card: It is the Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents required for filing ITR forms.

Bank statements: Summarize annual statement of your saving accounts are required to check your saving and deposits interest and TDS deducted.

  • Interest and TDS certificate from Bank: In addition to saving account statements, a certificate is provided by your bank indicating summary of interest and TDS deducted during the financial year. This will also be required to file your income tax. 
  • Home Load Statement from Bank: If you have taken Home load, then you are required to provide the annual statement for the same. It allows for certain deductions on principal amount under Section 80C while deductions on the interest amount can be claimed under Section 24.

Property Details: If you done purchase or sold a property during the Financial year then you have to share the details such as ownership, purchase, sale, rental incomes (if any) etc. are to be provided.

Medical Insurance & Health check-ups: This falls under Section 80D. During the Financial year, If you have done any payment for medical insurance premium/ preventive health check-up/ or Medical expenditure on the health of Resident very senior citizen, then you have to provide such details to be included in your Income tax returns.

Family members with disabilities: This falls under section 80U. If your dependent family member(s) suffers from a disability (blindness, Low vision, Leprosy-cured, Hearing impairment, Loco motor disability, Mental retardation, Mental illness) then you can claim tax benefits while filing Income tax. Details of the same shall have to be provided. 

Life insurance premium: This falls under Section 80C and include Premium paid for yourself, spouse and children. Details shall be required for filing ITR.

Deposit in provident fund/superannuation fund: This falls under Section 80C. If you have money deposited in Public/employee provident fund, Details shall be required for filing ITR.

Investments in Fixed Deposits/Bonds: This falls under Section 80C. Five years fixed deposit eligible for section 80C. Details shall be required for filing ITR.

Investments in NSC (National Saving Certificate): This falls under Section 80C and includes current year investment and accrued interested. Details shall be required for filing ITR.

Tuition fee for two children: This falls under Section 80C and includes tax benefits for tution fee expenses up-to Rs 1.4 Lakh each year. Details shall be required for filing ITR.

Investment in Mutual funds/UTI: The refer to all mutual funds eligible in section 80C including Equity linked saving scheme or notified pension fund. Details shall be required for filing ITR.

Capital Gain Tax statement: If you have invested in Mutual funds, share etc. then you have to collect a capital gain statement. Details shall be required for filing ITR.

Employee Salary Slips: The salary breakup details such as DA(Dearness Allowance, TDS amount, HRA (House rent allowance), TA (Traveling Allowance) etc. are required for ITR filing and same are requested. 

Advance Tax Challan/ Self Assessment Challan: If you have paid any such challan before then you are required to share the same for ITR filing. 

Income Tax Logins credentials: Lastly, please share your Income tax log in credentials to the official portal to complete the filing process. 

 

 

 

Document Checklist for Trademark Registration

Documents required for Trademark Registration:

 

  • ID proof of Trademark Owner (PAN and AADHAR card)

 

  • Address Proof if the Trademark Owner. (Passport, Driving Licence)

 

  • Trademark Logo to be registered (Logo / Brand name on the letterhead)

 

  • Also provide Logo in JPEG format separately.

 

  • Certificate of Incorporation (formation of company or corporation)

 

  • Address proof of the Company (Rent Agreement with NOC if Rented or Sale Deed with Utility Bill if self owned)
Net-worth Certificate FAQs (Frequently Asked Questions)
  • Will the Chartered Accountant Visit your office/premises in person for preparing Net-worth Certificate?

  - The certification services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

  • Is the Chartered Accountant authorize the prepare Net-worth Certificate?

-  Yes, our our Chartered Accountants are licenced and experts in preparing the net-worth certificate.

  • Is this Net-worth certificate prepared by our experts are officially accepted for bank, visa or other sectors?

- Yes all our certificate comes with the CA official signed details and is widely accepted for getting loans, visa, franchisee etc. 

Bookkeeping & Accounting Services


GST Registration


GST Registration for Proprietorship
GSTR-1 Return Filing


GSTR-3B Return Filing


GSTR-4 Return Filing


Income Tax Filing (ITR)


Net-Worth Certificate


Trademark Registration


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Service Request Quote

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Request Quote For GST Reconciliation


Request Quote For GSTR-1


Service Request Quote for GSTR-10 & GST Surrender


Request Quote For GSTR-3B


Request Quote For GSTR-4


Request Quote For GSTR-7


Request Quote For GSTR-8


Request Quote For GSTR-9 & GST Audit


Request Quote For ITR Filing


Request Quote For Net-Worth Certificate


Services Covered (GST Reconciliation)

Following are the services covered in GST Reconciliation:

 

  • Detailed Analysis of Errors and Discrepancies.

 

  • In-depth review of your invoices and GST Returns filed till date.

 

  • Careful comparison of ITC claims and any outstanding liability.

 

  • Preparation of excel reports and computation.
Service Covered in GST Registration

Following are the services covered in GST Registration:

 

  • New Registration Account

 

  • Online Filing of GST Registration Application..

 

  • Issuance of GST Identification Number (GSTIN)

 

  • Provides draft Letter of Consent, GST Authorized draft Letter (If required)
Services Covered (GSTR-3B & GSTR-1 Filing)

Following are the services covered in filing of GSTR-3B & GSTR-1:

 

  • Online Return Filing (Monthly/Quarterly) for both.

 

  • Preparation of Excel summary of Tax computation.

 

  • Includes calculation from both B2B and B2C Invoices.

 

  • Timely Follow-ups for regular long term filing.
Services Covered (GSTR-4 Filing)

Following are the services covered in filing of GSTR-4:

 

  • Online Return Filing.

 

  • Preparation of Excel summary of Tax computation.

 

  • Includes calculation from both B2B and B2C Invoices/ Bill of Supply.

 

  • Timely Follow-ups for regular long term filing.
Services Covered (GSTR-7 Filing)

Following are the services covered in filing of GSTR-7:

 

  • Online Return Filing.

 

  • Preparation of Excel summary of Tax computation.

 

  • Includes calculation & Computations from TDS Invoices.

 

  • Timely Follow-ups for regular long term filing.
Services Covered (GSTR-8 Filing)

Following are the services covered in filing of GSTR-8:

 

  • Online Return Filing.

 

  • Preparation of Excel summary of Tax computation.

 

  • Includes calculation & Computations from TCS Invoices.

 

  • Timely Follow-ups for regular long term filing.
Services Covered (GSTR-9 Filing And GST Audit)

Following are the services covered in filing of GSTR-9:

  • Online Return Filing.
  • Preparation of Excel summary of Tax computation.
  • Includes calculation from both B2B and B2C Invoices.
  • Advised improvisations and suggestions if needed. 

 

Following are the services covered in filing of GST Audit:

  • Checking of GSTR 3B in relation to GSTR 1 & GSTR 2A.
  • Checking particulars of Invoices.
  • Reversal of Input Tax Credit for non-payment in 180 days.
  • Reviewing E-way bill and matching with invoices.
  • Stock pending review.
Service Covered in Trademark Registration

Following are the services covered in Trademark Registration:

 

  • Online Filing of Trademark Registration.

 

  • Trademark Search/ Advise on trademark classification

 

  • Drafting of Form TM-A

 

  • Acquiring your Application Number.

 

  • Includes Govt. Registration Fees Rs. 4,500 / Rs 9,000 (Individual / Company)
Service Covered in Bookkeeping & Accounting

Following are the services covered in Bookkeeping:

  • Recording Entries (from 100 to 1000 yearly transactions) for the complete Financial year.
  • Preparing Ledger Accounts (Sales, Purchase, cash, Expenses)
  • Preparing Balance sheets with Profit & Loss Account.
  • Bank Reconciliation statement as on date.
  • Stock summary as on date.
  • Income Tax Return Filing for the Financial year.
Services Covered for GST Surrender and filing GSTR-10

Following are the services covered:

 

  • Consultation of eligibility requirements for GST Surrender or Filing GSTR-10 (Final Returns)

 

  • Preparation of documents required for filing GSTR-10.

 

  • Online Filing of Application for Surrender / Cancellation.

 

  • Online Filing of GSTR-10
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Who can file Income Tax Returns?
  • For people less than 60 years of age with annual income more than Rs 2.5 lakhs.

 

  • For senior citizens, the income cut-off is Rs 3 Lakhs

 

  • For People above 80 years, the income cut-off is Rs 5 Lakhs.

 

  • It is compulsory if the taxpayer wishes to claim tax refund.

 

  • It is compulsory for companies which has incurred an income or loss during the Finical year. 

 

  • It has to be filed if income derives from property under a charitable trust, religious purpose, research or for a political party, medical institution, hospital, etc.
Who should file GSTR-3B & GSTR-1?

All tax payers must file GSTR3B, except the following:

 

All tax payers must file GSTR-1, except the following:

Who should file GSTR-4?

Either of the following are eligible to file:

  • Manufacturer
  • Trader
  • Restaurant Service Provider

 

Following are the persons not eligible for composition scheme

  • A casual taxable person or a non-resident taxable person;
  • Suppliers whose aggregate turnover in the preceding financial year crossed Rs. 75 lakhs;
  • Supplier who has purchased any goods or services from unregistered supplier unless he has paid GST on such goods or services on reverse charge basis;
  • Supplier of services, other than restaurant service;
  • Persons supplying goods which are not taxable under GST law;
  • Persons making any inter-State outward supplies of goods;
  • Suppliers making any supply of goods through an electronic commerce operator who is required to collect tax at source under section 52; and
  • A manufacturer of following goods:

 - Ice cream & other edible ice, whether or not containing cocoa
 - Pan masala
 - Tobacco and manufactured tobacco substitutes

Who should file GSTR-7?

Following taxpayers are eligible:

  • A department or establishment of the Central or State Government, or
  • Local authority, or
  • Governmental agencies, or
  • Persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the Council.

 

Following entities also needs to deduct TDS:

  • An authority or a board or any other body which has been set up by Parliament or a State Legislature or by a government, with 51% equity (control) owned by government
  • A society established by the Central or any State Government or a Local Authority and the society is registered under the Societies Registration Act, 1860
  • Public sector undertakings
Who should file GSTR-8?

Following are eligible to file to GSTR-8:

  • Every e-commerce operator registered under GST - they are the persons who owns and manage a digital/ electronic facility/ platform for electronic commerce such as Amazon etc. 

 

Other Prerequisites for filing GSTR-8:

  • The aggregate turnover of your business should be greater than 20 lakh rupees (10 lakhs in NE India).
  • This return applies to all registered tax payers under the GST who have neither opted for the composition scheme nor have a Unique Identification Number (UIN).
  • This return is also not applicable to non-resident tax payers.
  • All such e-commerce operators are mandatory required to obtain GST registration as well as registered for TCS (Tax collection at source).
Who should file GSTR-9?

All tax payers registered under GST must file GSTR-9, except the following:

 

  • Those option composition Scheme (they have to file GSTR-9A)

 

  • Casual Taxable persons

 

  • Input service providers.

 

  • Non-resident taxable persons.

 

  • Persons paying TDS under Section 51 of CGST Act. 
Why Bookkeeping is needed?

Why do you need an accountant for Bookkeeping?

 

  • Not being an accountant, you may end up facing problems tallying your balance sheet at the end of the year.

 

  • To avoid miss-categorization of assets, liabilities and expenses. 

 

  • To maintain proper clear records of Incomes and Expenses.

 

  • To calculate your taxes properly and provide monthly reports of your financial updates. 

 

  • Incorrect accounting can leads to great financial losses and this is where bookkeeping services by accountant will help the best.
Why GST Reconciliation is Important?

Why GST Reconciliation is Important?

 

  • In order to claim accurate 100% correct ITC by sorting out between purchases and GSTR 2A.

 

  • To avoid duplicity at the time of filing Annual GST Return. This is usually odne my reconciling all monthly or quarterly GST Returns. 

 

  • To make timely amendments in invoices generated by the supplier (in case of any issues or discrepancies arises during the reconciliation process)

 

  • To set off extra liability arising due to discrepancies in claiming extra taxes while filing monthly or quarterly GST returns. 

 

  • To claim tax refunds arising due to not claiming timely credit notes in monthly or quarterly returns. 
Why Net-Worth Certificate is needed?

Why do you need a Net-Worth Certificate?

 

  • The Net-Worth Certificate reflect the overall financial strength of an individual or Enterprise.

 

  • It is widely required for Visa Applications to indicate the financial assets and entails a strong trust factors in decision making.

 

  • A sound Net-worth helps in obtaining financial loan from the banks.

 

  • It is requested for Franchise applications by a franchiser to determine the financial net-worth of the franchisee.
Why GST Registration is needed?

Why should you Obtain GST Registration?

 

  • For those businesses (sale of Goods) crossing the Threshold of (40 Lakhs for Normal category states & 20 Lakhs for Special Category States)

 

  • For those businesses (service providers) crossing the Threshold of (20 Lakhs for Normal category states & 10 Lakhs for Special Category States)

 

  • For business who required to do Inter-state supply. (However, In case of "Supply Services" GST Registration is not required until one crosses the above given threshold of 20/10 Lakhs even after having inter-state supply. 

 

  • For change in Constitution of Business.

 

  • For E-commerce Operator.

 

  • For business selling through e-commerce Portal.

 

  • For Input Service Distributor. 

 

  • For business with SEZ unit.

 

  • For businesses required Merger/ Amalgam

ation or De-Merger.

Why Surrender GST?

General Reasons for GST surrender:

 

  • The business has been discontinued.

 

  • There is a change in the constitution of the business  (For example- Private limited company has changed to a public limited company.

 

  • The business has been transferred fully, amalgamated, demerged or otherwise disposed —The transferee (or the new company from amalgamation/ demerger) has to get registered. The transferor will cancel its registration if it ceases to exist.
    GST Surrender
Why Trademark Registration is needed?

Why do you need Trademark Registration?

 

  • It is needed so that you can register your brand and get exclusive rights on it and stop the unauthorized use of the Trademark under the same class where it is registered. 

 

  • To establish good will and quality of your product and services and great deal of trust among the customers.

 

  • To portray your unique image in the market which is special and can communicate your vision, quality or other unique characteristic of your company.

 

  • To create an intangible asset which gives great advantage to the organization.