The introduction of the Goods and Services Tax (GST) is a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, GST will mitigate ill effects like cascading or double taxation in a major way and pave the way for a common national market. From the consumer’s point of view, the biggest advantage would be in terms of reduction in the overall tax burden on goods. Introduction of GST would also make Indian products competitive in the domestic and international markets owing to the full neutralization of input taxes across the value chain of production and distribution. Studies show that this would have a boosting impact on economic growth. Last but not the least, this tax, because of its transparent and self-policing character, would be easier to administer. It would also encourage a shift from the informal to formal economy.
In this ever changing regime, we as a Chartered Accountants, not limit our role as consultants, but also work as team members to shape organization’s system in such a way that it will stand strongly to cope up with these changes.
In today's scenario, approach towards managing taxes transforms and has become more imperative and thorny. The structure and laws are becoming intricate and all the transactions are inquired and examined acutely by the tax authorities to increase tax collection to overcome fiscal deficits.Whether direct tax or indirect tax, it makes vast impact on your business irrespective of form of business, whether it's running as Individual, Partnership firm or Incorporated Constitution. we are providing customized consultancy services starting from pre establishment of organization till the post transaction matters. Our team members are equipped with capability to provide elucidation for any multifaceted matter for any segment of the industries.
In addition to Indian practice from the beginning, we also provided bookkeeping and Payroll services to its Canadian, U.S. and UK-based clients. We have specialized in accounting in QuickBooks, Tally, Sage, ZOHO etc.
With the growing scope in business world along with the risk and complexity of dynamic laws and regulations, the significant importance of statutory audits under various statutes increases, especially audits obligatory under corporate and tax laws. All the statutes demand extensive disclosures that require detailed analysis of the Financial Statements of the organizations on an independent basis.
We are offering Audit and Assurance Services under various statutes. Our audit service is not limited to the conventional financial reporting function but also focusing on different area of business. Our approach towards audit is not only to focus on traditional concept of audit but also look in to the growing need of today's business need. Along with the examination of historical data; we try to focus on the risk associated with the business.
Today in the time of Globalization, the world has shifted from traditional form of business to corporate structure of business. It becomes essential to shape your business in the way that has national or international presence. The organizations are now become multinational and spread their business beyond geographical boundaries. So, corporate form of constitution has now become vital for any organization.
To cope up with these emerging needs, our team will ensure you to provide our authority services, to build up your vision into the constitutional form and to provide associate services related to statutory requirements as per law. We also ensure that the Financial Statements and related documents are examined after proper understanding of the organization and business market factors affecting the organisation and the audit approach is customised to suit the client needs.