• • Obtaining PAN & TAN for the organization
  • TDS payment and quarterly return
  • Annual Income Tax return Filling
  • Tax Audit under Income tax
  • Transfer Pricing working under income tax
  • Issue of form 15CA & CB
  • SFT filling
  • Carrying out GST assessment & Appeals

• • GST Registration as per requirements
  • Filling of monthly GST returns -GSTR-1 & 3B
  • Annual GST returns -9 & 9C
  • GST assessment and Appeals

Labour laws are a set of compliances that set the tone for the treatment of the labour force in the workplace. It regulates the companies, workers, and trade unions. Non-compliance with the laws can lead to punitive action towards the organization.

Labour Laws are imposed by the State as well as the Central Government. The labour law compliances are not just restricted to filing returns, but these records serve as evidence for the compliance of the laws and must be produced to the authorities in case of any discrepancies. There are laws that are enforceable only for certain work environments. And there are some laws that are enforceable to all organisations.

We at Kalpavat provide compliance and advisory services related to the labour laws such as ESI (Employees State Insurance) Act and Employees Provident Fund and Miscellaneous Provision Act, 1952, Payment of Gratuity Act, 1972, Factories Act, 1948

Entities operating in India has to undergo various audits as applicable under various laws : To list a few:

• Statutory Audit under Companies Act: As per Companies Act, 2013, every company, irrespective of its sales turnover or nature of business or capital must have its book of accounts audited each financial year. Thus, the Board of Directors of a Company are required by law to appoint an Auditor within 30 days of incorporation and thereafter conduct an audit of its financial statements each financial year. The accounts of a Limited Liability Partnership (LLP) must be audited if it has an annual turnover of Rs.40 lakhs or more or Rs.25 lakhs or more capital contribution. 

• Internal Audit under Companies Act : Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These types of audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal auditors are hired by companies who work on behalf of their management teams. As per section 138 of Indian Companies Act 2013 read with Rule 13 Of Companies (Accounts) Rules, 2014, certain class of companies are mandatorily  required to appoint Internal Auditors. However, most companies conducts Internal Audit voluntarily for ensure that the internal controls are in place.
  
• Tax Audit under Income Tax : Section 44AB of Income Tax act  gives the provisions relating to the class of taxpayers who are required to get their accounts audited from a chartered accountant. The audit under section 44AB aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements of the Income-tax Law. The audit conducted by the chartered accountant of the accounts of the taxpayer in pursuance of the requirement of section 44AB​ is called tax audit. The chartered accountant conducting the tax audit is required to give his findings, observation, etc., in the form of audit report. The report of tax audit is to be given by the chartered accountant in Form Nos. 3CA/3CB and 3CD.
  
• Transfer Pricing Audit under Income Tax: Transfer pricing law in India applies to both domestic and international transactions which fall above a threshold in terms of deal value. Transfer Pricing was introduced through inserting Section(s) 92A-F and relevant Rule(s) 10A-E of the Income Tax Rules 1962. It ensures that the transaction between ‘related’ parties is at a price that would be comparable if the transaction was occurring between unrelated parties.

A report from an accountant has to be furnished by persons who are entering into an international transaction or a specified domestic transaction. A report from an accountant in a prescribed form, duly signed and verified by the accountant must be obtained before the specified date by any person entering into an international transaction or specified domestic transaction in the previous year. The audit is applicable to both international and specified domestic transactions. Form 3CEB must be filed.

• GST audit under GST: Any registered taxable person whose annual aggregate turnover exceeds 5 crore INR during a financial year needs to get their accounts audited. Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.