Early on in running your business in India, we discovered that managing the money side of your business requires more than providing great products and services. It requires doing tax compliance right. Whether it’s GST Registration or the TDS Return Filing or an Income Tax Return filing, every one of those events helps your business stays legally solid and financially fit.
At Complianceship, we believe compliance doesn’t need to be complex. We have professionals to handle all tax registrations and filings quickly, in good order, and with little or no issues so you can get on with playing an important role in the growth of your business with the knowledge that you have complied with the tax regulations as if you’ve engaged us to perform all of your tax over sight.
What is an Income Tax Return (ITR)?
An Income Tax Return (ITR) is a return that all individuals, companies and businesses are required to submit to the Income Tax Department of India on an annual basis. It discloses an individual’s or entity’s income, expenses, exemptions, and taxe previously paid over the previous financial year.
Applicability:
- All individuals & salaried employees who earn income above the basic exemption limit.
- All businesses & professionals with taxable income.
- Companies & LLPs may also be required to file a return, regardless of income or loss.
It is important and beneficial to file your ITR as soon as you are able. It allows you to apply for tax refunds from the department of taxation and carry forward losses. Lastly, financial institutions often require you to furnish a return as they build credibility as a customer.
What is Goods and Services Tax (GST)?
Goods and services tax (GST) is a single indirect tax applied on the supply of goods and services in India. It is an alternative to different central and state taxes like the VAT, service tax and excise duty.
Applicability:
- If your business turnover exceeds ₹40 lakh (₹20 lakh for service providers).
- Sellers of e-commerce platforms, freelancers and service providers providing services across states.
- You can also voluntarily register your business if your turnover is less than ₹40 lakh in order to claim input tax credits and enhance the credibility of your small business.
At Complianceship we help you with your GST Registration, monthly or quarterly return filing, and annual compliance in order to ensure your business remains compliant and avoid penalties.
Why Your Business Must Compliance
Regardless of being a startup, small business, or an established business and regardless of the business type, compliance with India’s tax laws ensures:
- Easy Running of Business
- Avoiding Penalties and Fees for Filing Late
- More Credibility with Clients, Banks and Investors
- Tax Benefits and Refunds
With Complianceship, you will never have to worry about deadlines or incorrect filing again. We handle your GST, TDS, and ITR all in one place.
Reasons to choose Complianceship
- All Compliance Solutions: GST, TDS & ITR filings all under one roof / all in one place
- Qualified Professionals: Chartered Accountants and tax consultants on the call
- Online and Paperless Process: Simple, transparent, and saves time
- Affordable Packages: Customised for startups and Small and Medium sized Enterprises (SMEs)
- Data Security: 100% confidential with the norms of data privacy
We are proud to enable many businesses to stay compliant every year with smooth, error-free filings.
Commence Your Compliance Journey with Complianceship Today
From GST Registration to TDS Return Filings to latest Income Tax Returns, our experts will support you through all steps of your compliance journey.
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