As an entrepreneur one will always focus on building the business and scaling it. While your focus is rightly on the topline, margins, EBITDA, valuation, fund raising, etc one must never ignore the periodic statutory compliances. A fully compliant business will only add to the financial health of your business and an entrepreneur must never treat this as a liability. Ignoring the statutory compliances will be a costly mistake as the penalties that one ends up paying for being non-compliant will erode substantial profits of your business.
We at TEERTHA & CO., can be your reliable partners in fulfilling the statutory compliances. We provide the following compliance services
- GST filing – Every business organisation, registered under GST shall file periodic returns with the GST department. We help our clients with the following GST compliance services:
- GSTR-1 filing in which details of monthly sales must be reported
- GSTR-3B filing in which summary of monthly sales and purchases must be reported along with payment of monthly tax
- CMP-08 quarterly filing for tax payers registered under the composition scheme
- GSTR-2B v/s GSTR-3B reconciliation in which the input tax credit claimed is reconciled and verified
- GSTR-9 annual filing of returns
- Other filings related to GST as applicable to various categories of tax payers
- Professional Tax Filing (Karnataka) – Every business organisation, registered under The Karnataka Tax on Professions, Trades, Callings and Employment Act 1976 shall file periodic returns with the Department of Commercial Taxes, Government of Karnataka. We help our clients with the following PT compliance services:
- Employee PT monthly payment of taxes and filing of returns in Form 5A
- Employee PT annual filing of returns which is a summary of all the monthly returns filed
- Employer PT annual renewal filing in Form 4 along with tax payment