Any business with annual turnover above Rs 20 lakh (Rs 10 lakh for special category states) must register. E-commerce operators, interstate suppliers, and reverse charge recipients must register regardless of turnover.

Standard registration is completed in 3-7 working days. Our team begins the application on the same day we receive your documents. Priority processing is available with the Standard and Premium plans.

You will need PAN card, Aadhaar card, proof of business address, bank account details, and a photograph. Specific entity types may require additional documents such as partnership deeds or incorporation certificates.

Yes. If you operate in more than one state you need a separate GSTIN for each state. Our Premium plan covers multi-state registration. Each registration is treated as a separate entity for compliance purposes.

The Indian government does not charge any fee for GST registration. Our fee covers the professional CA service, document review, application management, and post-approval support.

You face penalties of 10% of the tax due or Rs 10,000, whichever is higher. For deliberate evasion the penalty is 100% of the tax liability. You also lose the right to collect GST and cannot claim input tax credit.

Yes. Once you hold a valid GSTIN you can claim input tax credit on all eligible purchases used in your business. ITC can significantly reduce your overall tax liability.

The composition scheme allows businesses with turnover below Rs 1.5 crore to pay GST at a flat rate. Service providers can only opt in up to Rs 50 lakh turnover. Our CA advises on eligibility before filing.

GSTR-1 is a details-of-outward-supplies return where you report all sales invoices. GSTR-3B is a monthly summary return where you declare GST liability and claim ITC. Both must be filed every month.

Late fees of Rs 50 per day per return apply. For nil returns the fee is Rs 20 per day. Additionally, interest at 18% per annum is charged on unpaid tax. Continuous non-filing can lead to GSTIN suspension or cancellation.

We need your sales invoices or a summary, purchase invoices or a purchase register, and details of any credit notes or debit notes. We provide a simple monthly data collection format to make this process quick.

Yes. GSTR-9 is the annual consolidated return. Our Premium plan includes GSTR-9 filing. It is also available as a standalone add-on service for businesses on lower plans.

GSTR-2B is an auto-generated ITC statement based on returns filed by your suppliers. Reconciling your purchase register with GSTR-2B ensures you only claim ITC that is eligible, avoiding mismatch notices from the GST department.

Yes. Composition dealers file CMP-08 quarterly and GSTR-4 annually instead of monthly returns. Our team handles both. Note that composition dealers cannot issue tax invoices or claim ITC.

Yes. You can upgrade or downgrade your plan any time from your client portal. The new plan takes effect from the following billing cycle with no penalties for switching.

Yes. If you have multiple GSTINs across states, our Premium and Enterprise plans cover all of them under a single engagement. Each GSTIN is filed separately with its own returns and acknowledgements.

GSTR-9 is the annual GST return summarising all monthly returns for the financial year. The due date is December 31 of the following year. Late filing attracts a fee of Rs 200 per day, capped at 0.25% of annual turnover.

GSTR-9C is a reconciliation statement comparing GSTR-9 figures with audited financial statements. It must be filed by taxpayers with annual aggregate turnover above Rs 5 crore, certified by a Chartered Accountant or Cost Accountant.

Any discrepancies between your monthly returns and your annual books must be disclosed in GSTR-9. Our team identifies and explains all differences before filing. In some cases amendments can be made via GSTR-9 to correct prior period errors.

Composition taxpayers file GSTR-9A, a simplified annual return. This is different from GSTR-9 for regular taxpayers. Our team handles GSTR-9A separately. Contact us to confirm which form applies to your business.

You will need all monthly GSTR-1 and GSTR-3B acknowledgements, audited financial statements, a full purchase and sales register for the year, and ITC utilisation details. We provide a checklist when you place your order.

Yes. If you have operations across multiple states with separate GSTINs, each requires its own GSTR-9 filing. Our Premium and Enterprise plans cover multi-GSTIN annual return filing under a single engagement.

Late fees are Rs 200 per day (Rs 100 CGST and Rs 100 SGST), capped at 0.25% of annual aggregate turnover in the state. For nil turnover businesses the cap is Rs 250.

No. Once filed, GSTR-9 cannot be revised. This is why accuracy before submission is critical. Our team performs a thorough review and provides you with a preview copy for your approval before final filing.

The standard due date for individuals is July 31 of the assessment year. If your accounts require audit the due date is October 31. Missing these dates attracts penalties of up to Rs 5,000 and interest on unpaid tax.

ITR-1 is for salaried individuals with income below Rs 50 lakh. ITR-2 covers those with capital gains or foreign income. ITR-3 is for business income. ITR-4 is for presumptive income. Our CA selects the right form for you.

You need your Form 16, Form 26AS and AIS from the income tax portal, bank statements, details of investments for 80C deductions, and any other income-related documents. We provide a complete checklist after you place your order.

Yes. A belated return can be filed until December 31 of the assessment year with a late fee of Rs 1,000 (income below Rs 5 lakh) or Rs 5,000 (income above Rs 5 lakh). A revised return can also be filed if you filed on time but made an error.

Form 26AS is a consolidated tax statement showing all TDS deducted on your income, advance tax paid, and refunds received. It must match your ITR exactly. Our team reconciles your 26AS with AIS before filing to prevent mismatch notices.

Do not ignore any notice. Common notices include demand notices (143(1)), scrutiny notices (143(2)), and information requests. Our Premium and Enterprise plans include notice response support. We also handle notices as a standalone service.

Yes. If more TDS was deducted than your actual tax liability you are entitled to a refund. The refund is credited to your registered bank account, usually within 4-8 weeks of filing your return.

NRIs must file if their income from India exceeds Rs 2.5 lakh. This includes rental income, capital gains from Indian assets, interest from NRO accounts, and any other income earned in India. DTAA benefits may reduce the liability.

All companies other than those claiming Section 11 exemption file ITR-6. This covers private limited companies, public limited companies, and foreign companies with Indian income.

For companies requiring statutory audit the due date is October 31. For other companies it is September 30. Late filing attracts penalties under Section 234F and interest under Sections 234A, 234B, and 234C.

MAT is payable at 15% of book profits if the regular tax liability is lower than this amount. It applies even if the company has zero taxable income after deductions. MAT credit (excess of MAT over regular tax) can be carried forward for 15 years.

Yes. Every company must file ITR from the financial year of incorporation, regardless of income. A company with no income still files a nil return. Non-filing attracts penalties and causes issues during fundraising and due diligence.

The base rate is 30% for domestic companies with turnover above Rs 400 crore and 25% for those below. New manufacturing companies can opt for 22% under Section 115BAA. Surcharge and cess apply additionally.

Companies must have accounts audited under the Companies Act 2013 and the Income Tax Act. The tax audit report must be filed before the company ITR. Our CA Assisted and CA Managed plans include auditor coordination.

Director salary is a deductible expense for the company and taxable as salary income for the director. Optimising the director salary and dividend split is an important tax planning strategy covered in our CA Managed plan.

You need audited financial statements, tax audit report, Form 26AS, advance tax challans, depreciation schedule, and details of all income and expenditure. We provide a full checklist after order placement.

ITR-5 is the income tax return form for partnership firms, LLPs, associations of persons, and bodies of individuals. It covers all income heads including business income, capital gains, and other sources. Each partner files their own individual ITR separately.

Partnership firms are taxed at a flat rate of 30% on net income, plus a 12% surcharge if income exceeds Rs 1 crore. Health and Education Cess at 4% is added on top. There is no basic exemption limit for partnership firms.

No. Partners are not taxed again on their share of distributed profits from the firm, as the firm has already paid tax on it. However, interest on capital and remuneration received from the firm are taxable in the hands of the partner.

Yes. An LLP must file Form 11 (annual return) by May 30 and Form 8 (statement of accounts) by October 30 each year. These are separate from income tax filings. Our CA Managed plan covers both ITR-5 and MCA filings.

Audit is required if gross receipts exceed Rs 1 crore for a trading firm or Rs 50 lakh for a professional firm. LLPs must audit if turnover exceeds Rs 40 lakh or capital contribution exceeds Rs 25 lakh under the LLP Act.

Partners cannot directly offset firm-level losses against personal income. However the firm can carry forward and set off its own losses against future business income. Correct treatment of carry-forward losses in ITR-5 is important for tax efficiency.

Remuneration paid to working partners is deductible if specified in the partnership deed. The limit under Section 40(b) is Rs 3 lakh per annum for the first Rs 3 lakh of book profit, and 60% of book profit above that.

Late filing fee of Rs 5,000 applies if filed after July 31 but before December 31 (Rs 1,000 if income is below Rs 5 lakh). Interest under Section 234A accrues on unpaid tax. Losses cannot be carried forward if the return is filed late.

Tax Deducted at Source (TDS) is a mechanism where the payer deducts tax at the time of making a payment and deposits it with the government. Any company, LLP, firm, or individual required to audit their accounts is liable to deduct TDS on specified payments.

Q1 (April-June): July 31. Q2 (July-September): October 31. Q3 (October-December): January 31. Q4 (January-March): May 31. For government deductors the Q4 due date is June 15.

Section 234E levies a mandatory fee of Rs 200 per day from the due date until the return is filed, limited to the total TDS amount. Section 271H can impose an additional penalty of Rs 10,000 to Rs 1 lakh for serious defaults or incorrect filing.

Interest at 1% per month is charged from the date the tax was deductible until the date of deduction. If TDS is deducted but not deposited, interest at 1.5% per month applies. The deductor is also treated as an assessee in default.

Form 16 is a TDS certificate issued by employers to employees for salary TDS under Section 192. Form 16A is issued for non-salary TDS payments such as professional fees, rent, and contractor payments. Both are issued after the respective quarterly return is filed.

Yes. Correction returns can be filed to rectify errors in PAN, challan details, amount, or deductee information. Our team handles correction returns as part of the annual compliance plan or as a standalone service.

Yes. Every deductor must obtain a Tax Deduction and Collection Account Number (TAN) from the Income Tax Department before deducting TDS. TAN registration can be done online. We offer TAN registration as an add-on service.

Form 26AS is the consolidated annual tax statement of a taxpayer. It shows all TDS credits deposited in your PAN by deductors. After you file and pay TDS, the credits appear in your deductees Form 26AS, allowing them to claim those credits in their own income tax return.

Form 11 is the annual return of an LLP containing details of all partners, changes during the year, and a summary of business activities. It must be filed with the MCA by May 30 each year. Late filing attracts a penalty of Rs 100 per day with no cap.

Form 8 is the statement of accounts and solvency of the LLP. It contains the balance sheet, profit and loss account, and a declaration of solvency by the designated partners. It is due by October 30 each year and requires audit certification if turnover exceeds Rs 40 lakh.

No. Audit is mandatory only if the LLP has turnover above Rs 40 lakh or capital contribution above Rs 25 lakh in a financial year. Below these thresholds the partners can self-certify Form 8 without a separate audit report.

The MCA imposes a penalty of Rs 100 per day per form until filed. After continued non-compliance the Registrar may issue a strike-off notice. A struck-off LLP loses its legal status and cannot operate, enter contracts, or manage bank accounts normally.

Yes, but it is a lengthy and expensive process. The LLP must file an application for revival with the NCLT, submit all overdue returns, and pay compounding penalties. It is far cheaper to maintain annual compliance proactively.

DIR-3 KYC is an annual KYC filing required for every person who holds a DIN. Designated partners of LLPs must file this by September 30 each year. If not filed the DIN is marked inactive and no MCA filings can be made until it is reactivated.

Yes. Adding a partner requires amending the LLP Agreement and filing Form 3 and Form 4 with the MCA. Partner removal follows the same process. Both changes must be notified to the MCA within 30 days.

Yes. LLP income tax (ITR-5) is filed with the Income Tax Department separately from MCA filings. Our Standard plan bundles both. The income tax due date for LLPs not requiring audit is July 31, and October 31 for those requiring audit.

A One Person Company (OPC) is a company with only one member. It can only be incorporated by an Indian citizen resident in India. An individual can be a member of only one OPC at a time.

An OPC must file Form MGT-7A by November 29 and Form AOC-4 by November 27 each year. The sole director must also file DIR-3 KYC by September 30. Income tax ITR-6 must be filed by September 30 (or October 31 if audit required).

Yes. All companies including OPCs must have their financial statements audited by a Chartered Accountant under the Companies Act 2013. The audit must be completed before filing AOC-4.

A nominee is a person designated to take over as the member in case the sole member dies or is incapacitated. Nominating a person is mandatory at the time of incorporation. The nominee must be an Indian citizen resident in India.

Conversion is mandatory if paid-up capital exceeds Rs 50 lakh or annual turnover exceeds Rs 2 crore for three consecutive financial years. Voluntary conversion is permitted after two years from incorporation.

Yes. An OPC can hire any number of employees. It can also have a working director who is different from the member. The sole member can be both the subscriber and the sole director simultaneously.

Late fees are Rs 200 per day per form with no cap. Persistent non-compliance can result in the company being struck off and the director being disqualified from any directorship in any company for five years.

Yes. An OPC can apply for dormant status under Section 455 of the Companies Act if it has no significant operations. Dormant companies have reduced compliance requirements but must still file an annual return with the MCA.

DIR-3 KYC is a mandatory annual KYC filing for every person who holds a DIN. The MCA introduced this to maintain an updated database of directors and prevent misuse of inactive DINs. Filing is required by September 30 each year.

DIR-3 KYC is the full form with documents filed for the first time or by directors without Aadhaar linkage. DIR-3 KYC-Web is the simplified OTP-based eKYC form available to directors who have already filed once and have Aadhaar linked to their mobile.

The MCA automatically deactivates the DIN the next day. With a deactivated DIN the director cannot sign any MCA forms, which means the company cannot file any ROC returns, make changes, or conduct any MCA-related activities until the DIN is reactivated.

The government charges a penalty of Rs 5,000 for DIN reactivation. You need to file DIR-3 KYC-Web on the MCA portal and pay this penalty. Our DIN Reactivation plan covers the entire process. Reactivation typically takes 1-3 working days.

No. An individual can hold only one DIN. If a person inadvertently has more than one DIN, the duplicate must be surrendered to the MCA. Holding duplicate DINs can result in penalties and complications in future company filings.

The full form requires a recent passport-size photograph, proof of address (Aadhaar, passport, or driving licence), PAN card copy, personal mobile number and email for OTP verification, and a digital signature certificate for filing.

Yes. Foreign directors holding a DIN must also file DIR-3 KYC. They cannot use eKYC as they do not have Aadhaar. They must file the full DIR-3 KYC form with their passport as identity proof and a valid international address proof.

Yes. Even if a director has resigned from all companies, they must file DIR-3 KYC annually to keep the DIN active. If they do not plan to use the DIN in the future they can apply for DIN surrender, after which no further KYC is required.

You need to pass a board resolution, check name availability on the MCA portal, then pass a special resolution by shareholders and file Form MGT-14 with the Registrar of Companies within 30 days. The MCA then issues a fresh Certificate of Incorporation with the new name.

The new name must not be identical or too similar to an existing company or LLP name. It must not contain restricted or prohibited words. Names resembling government bodies require special approval. We check availability and advise on suitable names before filing.

Pass a board resolution authorising the increase, then an ordinary resolution at a General Meeting. File Form SH-7 with the MCA within 30 days of passing the resolution and pay stamp duty on the increase. Share allotment can only proceed after MCA acknowledges SH-7.

The MOA defines the company objects, liability, and capital. The AOA governs internal management and board procedures. MOA changes require a special resolution. Some AOA changes can be by ordinary resolution. Both require MGT-14 filing with the MCA.

This is the most complex office change. You need creditor and shareholder approval, newspaper publication, a petition to the Regional Director via Form RD-1, and in some cases an NCLT order. The process takes 6-10 weeks. Our Full Amendment Package covers all steps.

Most changes must be notified to the MCA within 30 days. Late filings attract additional fees. Beyond a certain period the company must apply for condonation of delay and explain the reasons. Prolonged non-filing can lead to adjudication proceedings.

Yes. A company can change its financial year by passing a board resolution and filing Form MGT-14 with the MCA. The new financial year applies from the year following the change. Prior Tribunal approval may be required in some cases.

A board resolution passed by a majority of directors is sufficient for the name change application. A special resolution (three-fourths majority of shareholders) is required before filing with the MCA. Individual director consent is not required separately.

Both the employer and the employee contribute 12% of the basic salary to PF. The employer contribution is split: 8.33% goes to the Employees Pension Scheme and 3.67% to the EPF. The employee entire 12% goes to the EPF.

PF contributions must be remitted to the EPFO by the 15th of the following month. Monthly PF returns (ECR) must also be filed online by the same date.

ESI is mandatory for employers with 10 or more employees. Only employees earning monthly wages of up to Rs 21,000 are covered under ESI. Employers with fewer than 10 employees may voluntarily register.

The EPFO charges damages at 5% per annum for delays up to 2 months, 10% for 2-4 months, 15% for 4-6 months, and 25% for delays beyond 6 months. Interest under Section 7Q is charged at 12% per annum in addition to damages.

ECR stands for Electronic Challan cum Return. It is the monthly statement filed by employers on the EPFO unified portal, containing details of all PF-covered employees, their wages, and contribution amounts. It must be filed before payment of contributions.

Professional Tax is applicable in Maharashtra, Karnataka, West Bengal, Gujarat, Andhra Pradesh, Telangana, Tamil Nadu, Madhya Pradesh, and several other states. In Maharashtra the maximum is Rs 2,500 per year. In Karnataka it ranges from Rs 0 to Rs 2,400 depending on salary.

PF contribution is calculated only on basic wages, dearness allowance, and retaining allowance. It does not apply to HRA, overtime, bonus, commission, and travel allowances. Getting this computation right prevents PF demand notices.

For employees with basic salary above Rs 15,000 per month, the PF contribution can be capped at 12% of Rs 15,000 if both parties agree. This requires a joint declaration and is called restricted contribution filing.

FSSAI basic registration is for petty food businesses with turnover below Rs 12 lakh and requires a simpler process. FSSAI license (State or Central) is for larger operations. The type depends on turnover, nature of business, and production capacity.

FSSAI licenses are issued for 1 to 5 years at the option of the applicant. Renewal must be applied for at least 30 days before the expiry date. Operating with an expired license is treated as operating without a license and attracts penalties.

The annual return in Form D-1 must be filed by May 31 each year covering the previous financial year. Dairy units must file an additional semi-annual return by October 31. Late filing can attract penalties up to Rs 5 lakh.

Yes. Any person involved in the manufacture, storage, transport, distribution, or sale of food for human consumption must be registered or licensed with FSSAI, including home-based businesses selling through Zomato, Swiggy, or other platforms.

Yes. FSSAI license can be transferred to a new owner through an amendment application. The transferee must apply within 90 days of the business transfer. The transferred license retains its original validity period.

Operating without registration attracts a penalty up to Rs 5 lakh. For sub-standard food the penalty can reach Rs 5 lakh. For unsafe food the penalty is up to Rs 10 lakh. Repeated offences can result in imprisonment.

Most restaurants with turnover below Rs 20 crore require a State FSSAI license. Chains or central kitchens with turnover above Rs 20 crore require a Central License. The type is also determined by the nature and scale of operations.

You need the existing license certificate, proof of business address, identity proof of the proprietor or directors, list of food products handled, and a declaration of compliance. Manufacturers may also need plant layout and equipment details.

Foreign Direct Investment is investment from a non-resident into an Indian company. The Indian company must report the investment within 30 days of receiving funds through Form FC-GPR on the FIRMS portal. Supporting documents include KYC of the investor and a valuation certificate.

FIRMS (Foreign Investment Reporting and Management System) is the RBI online portal for all FDI and ODI reporting. All FC-GPR, FC-TRS, FLA, and ODI filings are made through this portal. Our team handles all FIRMS portal filings on your behalf.

The Foreign Liabilities and Assets return must be filed by every Indian company that has outstanding FDI or overseas investment at the end of the financial year. It is filed annually by July 15 on the RBI FLAIR portal, covering both inward and outward cross-border investments.

Form FC-TRS must be filed when shares of an Indian company are transferred between a resident and a non-resident, or between two non-residents. It must be filed within 60 days of the receipt of consideration. The AD bank coordinates the filing.

Overseas Direct Investment refers to investment made by an Indian entity or resident individual in a foreign company. FEMA regulations require reporting through the FIRMS portal and filing of Annual Performance Reports for each overseas investment entity by December 31 each year.

Form 15CA is an online undertaking filed before making any foreign remittance. Form 15CB is a CA certificate certifying the nature and taxability of the remittance. Both are required before the bank processes most international payments above specified thresholds.

Non-reporting or delayed reporting is a FEMA violation. The RBI can initiate compounding proceedings, which result in a fine calculated as a percentage of the amount involved. The company must then apply for compounding to regularise the violation.

Yes. Under the Liberalised Remittance Scheme, resident individuals can remit up to USD 250,000 per financial year for overseas investment, education, travel, and other permitted purposes. Investments in foreign businesses have specific conditions and require FEMA compliance.