Biz Tax Compliances

Growing companies, Startup, and Small & Medium Businesses have to deal with regular tax compliance of State and Central Government like GST, TDS, Advance Tax, Income Tax filings etc. along with the tax implications of Transfer pricing, Capitalization of Product and R&D expenses, Merger and acquisition activities while adopting new technologies and other tax filings.

We at Garvansh Biz work closely on your Books of Accounts and give timely advise onrelevant tax laws and regulations applicable to the Company. And our aim is to help you completing tax compliance in a timely fashion.

Biz Tax Compliances

Biz Tax Compliances Services

Goods and Services Tax (GST)

GST is a unified tax regime in India that replaced multiple indirect taxes levied by the central and state governments. Businesses registered under GST must file monthly, quarterly, or annual returns, depending on their turnover.

Income Tax

Every business, whether a sole proprietorship, partnership, LLP, or corporation, growing Company, Startup or Small and Medium Enterprise, all are required to file income tax returns annually. The income tax rate varies based on the type of business entity and the income slab.

Tax Deducted at Source (TDS)

Businesses are required to deduct TDS on certain payments like salaries, rent, interest, etc., and deposit it with the government within specified timelines. They also need to file TDS returns periodically. Non Compliances will lead to lot of penalties.

Tax Collected at Source (TCS)

TCS is very specific provision applicable to certain businesses. They are required to collect TCS on specified transactions and deposit it with the government. They also need to file TCS returns periodically.

Professional Tax

Professional tax is levied by state governments on the income earned by professionals, including employees and business owners. Businesses need to register for professional tax and comply with the payment and filing requirements.

Customs Duty

Growing Companies, Startups and Small & Medium enterprises involved in import or export of goods are required to coly with customs duty Compliances. Importers and exporters need to comply with customs regulations and pay duties as applicable.

Compliance with Labour Laws

It is very much necessary for growing company, small and medium enterprises to comply with various labor laws, such as PF (Provident Fund), ESI (Employee State Insurance), professional tax, etc., when the number of employees exceed a particular level.

Transfer Pricing Regulations

Businesses engaged in international transactions with associated enterprises need to comply with transfer pricing regulations to ensure that transactions are conducted at arm's length prices.

Annual Compliance

Growing Companies, Small and Medium Enterprises are required to file regular tax Returns. Businesses are also required to comply with various annual compliance like Annual Filing of Company Returns with ROC, annual audits, filing of financial statements, board meetings, etc.