The 10 Most Trusted GST Consultants in India

2019 | Volume 08 | Issue 11

www.insightssuccess.in

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Hem Chhajed, Chartered Accountant

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MOST C O N S U LT A N T S IN INDIA

Mahesh Chhajed Founder & Senior Partner

M. S. CHHAJED & CO. Delivering Excellence in the field of Direct and Indirect Taxes

Editor

From the

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oods and Services Tax (GST) is India’s biggest tax reform founded on the notion of ‘One nation, one market’. The decision that the Indian government, was waiting for a decade has finally carried out on 1 July 2017. with advent of GST, single biggest indirect tax regime has kicked into force, dismantling all the inter-state barriers with respect to trade.

With single stroke, GST has converted India into a unified market of 1.3 billion citizens.

GST: A Game-changer in Indian Economy

Seeing long-term benefits, GST has helped in reforming the economy. As under GST large number of Central and State taxes are merged into single tax, GST is significantly ease double taxation and make taxation overall easy for the Industries.

Adding revenues to government, reduced tax bourdon, removal of custom duties on exports, adding transparency in system are some of the ways in which the GST strengthening economy amazingly.

Furthermore, the end customer, the most beneficial will be in terms of reduction in the overall tax burden on goods and services. Introduction of GST will be beneficial for Indian products and services to stand out in domestic and international markets.

Now key expectation from government is to address the capacity building amongst the lesser-endowed participants, like the small-scale manufacturers and traders. It is important to find the ways for lowering the overall compliance cost and necessary changes may have to be made for the good of the masses. Goods and Service tax will become game changer for economy if and only if when the entire country works as a whole towards making it successful.

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M. S. CHHAJED & CO. Delivering Excellence in the field of Direct and Indirect Taxes

16 Akshara Finserv

Creating an Oasis of Accounting Services

22 Choksi Tax Services Providing ProďŹ cient Solutions

24 Khandhar Mehta & Shah Chartered Accountants Delivering Exceptional GST Services

CONTENTS cxo

INTERVIEW WITH INSIGHTS SUCCESS

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Expert’s viewpoint

S. B. Gabhawalla & Co. Rendering Exceptional Taxation Services

HOW CHANGES IN GST WILL AID BUSINESSES WITH BETTER CASH FLOW MANAGEMENT

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28 Kothari’s & Company Timely and Costeffective Financial Solutions

Tax Advocate India Facilitating Streamlined GST Consulting Services

PNJ Legal Consultants Delivering Excellence with professional Services

Prakash Sachin & Co. A Reputed Firm Delivering Splendid Professional Services

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The Emerging Need for GST professionals

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n India, be it for large businesses or small and mid-size firms, GST has brought in a uniform taxation throughout the country. Every person is directly or indirectly affected by it. Here arises a need of GST consultant who can fulfill the nation’s need for GST related services in the nation.

In this edition, we introduce “The 10 Most Trusted GST Consultants in India”, to assist businesses to choose the right company. Assessing the scenario in versatile perceptions, our magazine has brought light into the companies, who are providing excellent tax-related services in this sector. This list showcases the most trusted GST companies that are benchmarking the tax sector of the nation.

In this issue, we have specially featured “M. S. CHHAJED & CO” as a cover story. M.S. Chhajed & Co. is an Ahmedabad based Chartered Accountancy firm that specializes in providing assurance, advisory and tax services across various sectors.

Akshara Finserv is a company which provides GST Consulting, Accountancy Outsourcing, Company Registrations with other related services. Choksi Tax Services provides proficient accounting services and complete business solutions.

Khandhar Mehta & Shah is the leading Chartered Accountants firm which offers diverse services related to taxation.

Kothari’s & Company provides intelligent and cost-effective financial support services. PNJ legal consultants is delivering services field of merger acquisition, legal dispute, corporate governance, real estate advisory and taxation especially GST. Prakash & Sachin Co. provides the complete and integrated deliverables in various sectors like Risk & Assurance, Fiscal and Tax Advisory, compliance and litigation Support, Corporate Laws, fiscal statute and regulatory support through advisory and many more. Tax Advocate India is a company managed by an experienced team of certified professionals, headquartered in New Delhi, India.

We also have S B Gabhawalla & Co. as an interview with insights success. It is a professional service Chartered Accountancy firm practicing in the entire field of taxation with a specialization in Indirect Taxes.

Also, we have included article-How Changes in GST will Aid Businesses with Better Cash Flow Management written by CA. Rajat Mohan It’s time to flip the pages and take a tour of GST consultants with a feeling of reading pleasure!

Hem Chhajed, Chartered Accountant

Mahesh Chhajed Founder & Senior Partner

COVER STORY

M. S. CHHAJED & CO. Delivering Excellence in the field of Direct and Indirect Taxes

Our services are based on the pillars of transparency, integrity, and perseverance

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he main source of revenue of any nation is its taxes.

For the economic development of a nation, it is vital to have a good taxation system. In 2017, after almost a decade of deliberation and discussion with the stakeholders, the Government of India finally announced the implementation of Goods and Service Tax. It is considered as a major taxation reform implemented in the nation since Independence. GST has brought in ‘one nation one tax’ system to India which is a major move towards strengthening the Indian economy. There is no denial that GST had met with a lot of obstacles and hurdles after its implementation, but the government has put in its best efforts to make GST a business-friendly tax.

Despite all this, there are numerous difficulties faced by taxpayers resulting in chaos while filing returns and refund applications. Here arises a need for strong financial guidance for various businesses. Founded in 1988, M. S. Chhajed & Co. is an Ahmedabad-based Chartered Accountancy firm which specializes in providing assurance, advisory and national and international tax services across various sectors.

The firm is dedicated to resolve multiple issues in the areas of transfer pricing, inbound and outbound investment advisory, FEMA & RBI guidelines, M&A advisory, business restructuring, business valuation, and statutory audit. The firm has best-in-class infrastructure and library in its corporate house with an office area of 12000 sq. ft. located in the heart of the city. In addition to the Partners, the firm has strength of 30 personnel including 5 professionals.

We have an intensive client orientated approach in order to address clientele needs and add value to their requirements

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MOST CONSULTANTS IN INDIA

A Noteworthy Journey The family of the founding Partner, CA Mahesh Chhajed, was in the real estate business. However, his father inspired him to pursue Chartered Accountancy and start his own firm- a firm with a stipulation to abide by the principles of integrity and transparency. Thus, M. S. Chhajed & Co is based on the foundation of integrity and transparency. In the initial days, Mahesh Chhajed spent more on books and periodicals than his quarterly earnings to underline the importance of knowledge upgradation.

Initially, the firm’s expertise was only in the areas of Direct Tax and FEMA Compliances. . However, the existing clients of the firm were keen and started approaching the firm to look after their indirect tax matters. In 2012, Hem Chhajed joined the firm as a qualified chartered accountant at a young age of 21. Under his leadership, the firm added the practice of indirect taxation to its portfolio of services. Considering the development of VAT and service tax laws and its impact in the real estate sector, the firm revolutionized itself to provide comprehensive solutions to its clientele base in the areas of Service Tax and VAT. Under Hem’s aegis, the firm continued to build its expertise progressively and cautiously in the Indirect Tax System. By 2017, the firm was already representing some of India’s biggest industrial houses, real estate developers and service providers for excise duty, Gujarat VAT, service tax and luxury tax matters. On account of its extraordinary services, the firm is now considered an authority in indirect taxation in the upper echelons of taxation law.

A Profound Leadership The Founder and Senior Partner of the firm, Mr. Mahesh Chhajed holds an ambitious, diligent and innovative personality with a keen eye for minute details.

He is a fellow member of the Institute of Chartered Accountants of India and also holds a Bachelor in Law and Bachelor in Commerce from the Gujarat University. With three decades of experience and focused exposure, he is well known for his competence & innovation in the field of Direct Taxation and Corporate Re-structuring, FDI and FEMA Matters.

Hem Chhajed is one of the main pillars of the firm and brings in legal acumen and professionalism in the business.

He has authored ‘Handbook on Service Tax’ from 2014 till 2016 which is published by Navsarjan Publication. He has also been part of the Indirect Tax Committee with the Ahmedabad Branch of ICAI and and Indirect Tax Legal Representation team of Chartered Accountant Association of Ahmedabad. He is a regular contributor in a leading newspaper published in vernacular language. He has addressed seminars on GST for various forums like the Ahmedabad Branch of ICAI, Chartered Accountants Study

Infrastructure and technology is the cornerstone of our practice

Our well-knit teams of professionals deliver best and most comprehensive service to clients

Circle, the Builders Association of India, Jewelers Association, and Real Estate Developers Association. He is guest speakers and has taken various training sessions of the Central and State Government Officers on topics revolving around GST and Service Tax. CA Mahesh Chhajed leads the direct tax and advisory team of the firm while Hem Chhajed leads the indirect tax practice of the Firm.

Under the tutelage of its passionate leaders, the firm has grown over the years on account of its personalized attention to each client, constant knowledge upgradation and ability to seize the right opportunities.

Splendid Professional Services The firm is delivering exceptional services in the direct and indirect tax segment, and has its expertise in Taxation and Audits. Furthermore, the firm offers numerous tax advisory, appearance before tax authorities, litigation and advisory in matters involving international taxation, FEMA, PMLA, Prevention of Benami Property Act, Revenue law and Corporate Acts. It also offers numerous GST related services like Tax retainership, advisory, GST audits, GST Compliance review and checks, representation services before various tax authorities on behalf of any trade association, industry, etc., GST assessments, GST litigation i.e. appeals.

The firm has also spread its wings even in the field of litigation under direct tax laws, delivering litigation services for tax affairs before the Commissioner (Appeals), ITAT and CESTAT Commission and company law issues before NCLT. In the field of real estate, the firm also provides consultancy services for Inland Revenue laws, the prohibition of benami property transaction act, PMLA and the real estate

(regulation and development) act, structuring of real estate projects and drafting of commercial documents for the real estate projects including joint venture and development agreements.

Inimitable Methodologies ‘Keeping oneself updated’ is the key mantra which drives one ahead and makes one a successful leader. Hem abides by this mantra to deliver best-in-class indirect tax-related services. The firm keeps itself updated with the fast change in laws and tries to foresee the changes based on the recommendation made to the GST Council. This helps its clients to be equipped as well prepare in advance with the changes in the law. The firm also factors in the risk appetite of the client and encourages the clients to make an informed decision.

While dealing with GST implementation assignments, the firm ensured that the proper accounting processes were implemented and various compliance checks were put in place. Moreover, each of its clients has a point of contact at the Firm who can be approached to resolve their day to day queries. The firm conducts regular workshop and seminars for its clients to apprise them with the current developments and changes in the law. A newsletter is also sent to clients every fortnight to make them aware of any changes or any developments in the GST regime.

The firm was one of the front runners to start with GST awareness drive and advisory on GST implementation. The firm’s area of focus has always been that of advisory and litigation. Till this date, the firm’s clientele base is mostly from advisory and litigation assignments. The firm is also hired as a retainer by many MNCs and Industrial Houses in India. With a knowledge-centric approach and personalized attention along with strict adherence to timeline, the firm is providing niche GST services to its clients.

The Road Ahead The indirect tax has been evolving very rapidly in the Country. While advising the budding entrepreneurs and the CEOs, Hem, says, “Focus on the structuring of any transaction and understand the tax impact on it. The importance of periodic GST compliance check and reviewing the tax positions regularly with the amendment in law must not be ignored” Without any doubt, GST has been a game changer not only for the economy but also for businesses of various sectors.

Talking about the future the founder says, “I don’t foresee compliance-driven practice, particularly restricting to return compliance, to be very relevant in coming years.

GST being a new law, it shall take its own time to evolve.

Hence, till then, the future of GST practice, for at least the next decade, would be litigation and advisory”

Akshara Finserv Creating an Oasis of Accounting Services

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ne of the most critical areas where the organization needs utmost attention is Accounting. Accounting concerns with several key responsibilities and its execution is vital for the overall success of the firm. Most of the businesses realize accounting as a major factor in operations and try to maintain its books of accounts updated as much as possible. The trend for Outsourced Accountancy is becoming popular nowadays. Many firms believe in this process as it is very effective and efficient. Payroll accounting also is considered in the alley of outsourcing, which is widely used by many large and small organizations today.

One such company who has been delivering excellence in outsourcing accounting to its clients is a well- known bookkeeping consultancy, Akshara Finserv (AFS). Located and headquartered in Hyderabad, AFS offers Auditing and Accounting services in India. It performs accounting up-to finalization, taxation and consultations along with issues related to registrations. It strives to help its clients to set up new enterprise and provide all types of consultation for starting new business in Hyderabad, Telangana. Akshara Finserv manages the daily transactions of the clients and maintains their accounts accordingly. The firm also supervises many other organizations’ accounts.

The Mind behind the Business Entering into this business with full commitment was Akhil Chandra Mankala – Founder/Director of Akshara Finserv. He completed his Bachelor of Commerce from Badruka College of Commerce (BCC) in Hyderabad. Later, he went on to study for becoming CA. Another Director of the company is Anjani Devi Manchala.

Palette of Services There are different sets of services provided by AFS. One of the prominent ones is Private Limited Registrations.Private Limited Registrations is considered to be the most popular legal structure option for business in India. Other services provided by Akshara Finserv are described below:

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1) Taxation: The firm handles concerns related to Income Tax, Goods and Services Tax (GST), Professional Tax, Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).

2) Accountancy: AFS carries out accounting operations of many organizations, LLPs, Partnership firms, Alliances and Joint Ventures, Proprietary Businesses, Not-for-Profit organizations and NGOs, Inventory Accounting, Management Accounting and Consolidation of Accounts is also up their alley.

3) Corporate Laws: Akshara Finserv also helps in formation of companies, LLPs, Partnership firms and creates subsidiaries of foreign companies.

4) Intellectual Property Rights: AFS also carries out activities like filing and processing of applications under Trademarks/Copyrights/Patents/Industrial Designs etc.

5) Financial Services: List of financial services provided by the company includes preparation of detailed project reports, corporate restructuring, valuation of business Goodwill, Assets and Brands.

About AFS Academy “Get Certified , Get Recognized, Get Employed” AFS ACADEMY – A unit of Akshara Finserv Private Limited, was launched with a clear vision to help graduates and working professionals who are willing to land and enhance their skill sets in Finance & Accounting industry.

AFS Academy is offering practical training to all Finance & Accounting aspirants in association with TALLY, Where-in the company delivers training sessions on TALLY Software, GST, Taxation, MS-Office and Advanced Excel. It is an authorized training facilitator of TALLY EDUCATION PVT. LTD. Training Curriculum will be as per the guidelines of TALLY EDUCATION. AFS has created a platform to its students to get: “Trained & Assessed” “Certified by TALLY” “Recognized & Employed by TOP employers in India”.

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We completely represent on your behalf in the matter of business formation and company incorporation Akhil Chandra Mankala Founder/Director

GST and More Being a leading GST consultancy service provider, Akshara Finserv has come across major challenges related to GST in its tenure. The firm helps small enterprises mainly, to deal with the tax related complications in their daily business operations. It specializes in GST, Income Tax solutions concerning to small and medium sized businesses which generally come across basic issues like understanding the purpose and implementation with compliance etc.

providing quality services to the clients. AFS’ mission is, “To provide all the financial consulting services to the clients, ranging from basic book keeping works to providing MIS solutions and beyond, through excellent qualified personnel and applying high standard working systems.”

The management of AFS is continuously governed by its core values. The motto of AFS is very concise and comprehensive - “Our professionalism and efficiency, your satisfaction and benefits.” As far as the future is concerned the company is planning to initiate a franchisee model for establishment on a national level.

GST in India is still in development phase, with scope of improvement. “It is going to take a significant amount of time to address all the practical concerns related to it as it is technologically driven and there are some things that still need to be automated,” says Akhil expressing his concern.

Still, GST is contributing to a fair and fast growth of Indian Economy, mainly in reduction of prices.

The Golden Words The company’s trustworthiness and work efficiency can be computed while observing some of the testimonials provided by the clients below:

The company though considers its biggest challenge to create trust among the customers. “Once it is created a simple word of mouth is sufficient to achieve success,” adds Akhil. AFS had to overcome this challenge by enhancing customer relationship management.

“While entrepreneurship is a dream of passionate people, Guys here at Akshara Finserv will make your first step so meaningful and relevant. Best place if you are a startup and looking to register a company. Thanks for the service Mr Akhil. 5/5,” says Aditya Rao Jognipally.

Vision with a Goal Akshara Finserv desires to become a nation-wide consulting service provider rendering innovative solutions throughout the day. By ensuring the clients’ organizational productivity in the current challenging global business environment, AFS creates a benchmark in the industry.

Also, it plays a major part in development of nation by

Bharat Kumar expreses, “I thank Akshara Finserv, especially Mr. Akhil for helping me register my company. I really appreciate their professionalism and a positive approach towards getting things done. I would highly recommend others to take professional services from Akshara Finserv.”

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Sunil Gabhawalla Chartered Accountant

S. B. Gabhawalla & Co.

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Interview with Insights Success

S. B. Gabhawalla & Co. Rendering Exceptional Taxation Services

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n Interview with the Insights Success, Sunil Gabhawalla, Chartered Accountant of S. B. Gabhawalla & Co. gave some insightful answers highlighting the influences made by the company in the Goods and Service Tax Sector.

1. Brief us about your consultancy?

S. B. Gabhawalla & Co. is a professional service Chartered Accountancy firm practicing in the entire field of taxation with a specialization in Indirect Taxes. The firm has a distinct research orientation towards Service Tax & VAT related matters and is a front-runner in the field of GST advisory, implementation and compliance assignments.

The basic philosophy of the firm revolves around the principles of integrity, knowledge & speed. Over the last two decades, the firm has created a niche for itself in the field of consultancy and evolved new paradigms in rendering quality service to clients. The firm serves a wide arena of clientele ranging across the spectrum of various industries.

The firm is assisted by a team of 40+ young and energetic qualified human resources and is headquartered at a prime business area in Andheri, Mumbai and has adequate infrastructure in terms of library resources, office ambience, research software, internet connectivity, web and e-mail support, collaborative task management and monitoring tools, etc 2. Tell us something about the Founder/CEO/MD of your consultancy.

S. B. Gabhawalla & Co is led by Shri.

Sunil Gabhawalla, who is a chartered

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accountant in practice since the December of 1997. He has cleared his professional qualifications with splendid and note-worthy performances all throughout, with momentous achievements viz., 3rd rank (AIR-3) at the All-India CA Final examination, 9th position (AIR-9) at All India Level in CA Intermediate examinations and also, the 7th position (AIR-7) at All India Level at ICWA Intermediate Examinations. He is also a cost accountant.

Sunil has delivered 500+ lectures at various forums and seminars across the country on various topics that range from Service Tax to Goods and Service Tax. He has also authored 21 editions of Treatise on Service Tax, published

by Bharat Law House Pvt. Ltd. Sunil has been associated with the Bombay Chartered Accountants’ Society (BCAS) as its Core Group Member since many years and has been elected as the President of the said Society for the year 2018-19.

BCAS is run by volunteers and is dedicated to spreading knowledge amongst professionals.

focus was Direct taxes. However, a few clients being service industry oriented, approached Sunil to not just handle their Direct tax and related fields, but also take up their Indirect tax and related aspects. Work just flowed in and the firm kept on building expertise progressively.

4. What kind of unique tax-related services and solutions does your consultancy offer?

S. B. Gabhawalla and Co., is geared to render diverse nature of services which include consultancy, retainership, compliance, litigation, training, audit, etc. It also undertakes detailed audit/investigation services to identify transaction inefficiencies and suggest due diligence. Special assignments catering to specific requirements are also handled effectively.

Sunil is also a member of the Study Group constituted by the Maharashtra State Government for implementing GST. He is regularly invited by the policy makers to present his thoughts on the policy formation parameters of the GST Law.

5. What according to you has been impacting the Indian economy? How is GST contributing to the Indian Economy?

The current trends suggest that Indian economy is heavily impacted by Crude oil prices, FDI inflows, rising entrepreneurship, active Government, RBI and active crackdown on NPAs, growing GDP and last but not the least, the new unified Indirect Taxation regime of Goods and Service Tax (GST), replacing a plethora of scattered and diversified indirect taxes across the country.

3. What was the bedrock idea behind starting the consultancy?

The journey towards specialization in Indirect taxes was a very distinctive one. Initially, when the firm was established in the year 1997, the key

Talking purely in terms of numbers, with GST collections hovering around about Rs. 1 lakh crore on a monthly basis itself talk volumes about GST, along with its acceptance among the Indian businesses. India is gradually

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moving from tax evasion to tax compliance regime, with things now being linked and integrated, Direct Tax and Indirect Tax shall walk hand-inhand. Better compliance will benefit India not only in terms of growth, but also towards being a Developed nation.

Indian businesses are now streamlining their practices with monthly tax payments, ensuring timeliness and effective utilization of the resources at their disposals.

The second chapter in the E-way bill implementation was a successful one, and this implementation is now slowly integrating suppliers, transporters and recipients under one network. India is slowing migrating to the end-to-end compliance solutions with generation of E-way bills to raising invoices happening at a click of a button.

Moving towards automation and digitization will ensure, technology remains the backbone of successful implementation of the GST. 6. Where is your consultancy heading? How well is your consultancy benefiting your clients in this GST-affected era?

The Firm has grown from a strength of 20 in 2015 to 40+ by the mid of 2018.

The increase in strength not just represents the growth of the firm, but also depicts the client satisfaction and trust held in our professional customized services.

GST has no doubt been a game changer, not just for the economy, but also for the businesses. It was one of the most looked-forward opportunity to re-assess and re-align the processes, documentation, strategies and much more. Being active in the pre-GST period to assist and implement the GST, the firm is still very dynamic on the outlook to help its clients to acclimatize the changes in the GST-era on a regular basis. Regularly conducting free seminars and lecture meetings for updates in GST to sharing

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weekly updates, the firm leaves no stone unturned to keep ensuring the clients keep gaining knowledge and updates in this GST-era.

7. What is the current scenario of GST in the country?

GST is fast becoming an accepted norm of accurate compliances and simplified taxation. There is no denying that GST had met with a lot of obstacles and hurdles, but the recent strings of amendments and notifying the annual returns, the Government has clearly set its sight on making GST, a business-friendly tax. The GST council conducting regular meeting and deliberating on the recent issues, shows the proactiveness and the zeal with which they are taking steps to clear all possible issues and at the same time ensure that effectiveness of GST is not nullified.

Compliances are becoming simpler with each passing month, refunds are being processed at a rate faster than ever, benefits being now visible to the nation and this has all helped to ensure a better acceptance for GST among the general public as well.

8. What major challenges have you faced while starting the consultancy?

How have you managed to overcome them?

The typical challenges in any professional services firm revolve around building inhouse capabilities, addressing client expectations and delivering quality services with quick turnaround time on a consistent basis.

In the case of indirect tax domain, an additional dimension is the rapidly changing regulatory landscape – keeping updated with the same and also ensuring dissemination to the team and the clients.

One of the key solutions to overcome any challenges is to build a good team and better leaders. Each of the team, is led by a Senior Manager with a

minimum experience of 4 years in practice and who are all ultimately guided by Sunil. Knowledge has been the key to overcoming above challenges and everything else falls in place.

9. What distinctive strategies/ techniques do you follow to provide the best-class GST services to your clients?

This is the age of technology and your work is better appreciated if you render your services in a way that the client can enjoy the same at any given point of time. The firm has created client wise Whatsapp groups and industry specific Whatsapp groups to disseminate regular updates and resolve queries with a very quick turnaround time. Further, immediately after the draft GST law was in public domain, the firm was one of the first to start detailed GST Awareness Sessions and such sessions are recorded in a series of 75+ videos and are available on YouTube channel of the firm. To top it all, we had designed an android based app available on Google Playstore, that helped each client to track their GST implementation on their cellphones. Even today, the firm conducts lecture meeting every year immediately after the Union budget to disseminate the updates and changes to its clients. Further, to apprise the clients of the regular updates in GST, 2-3 lecture meetings and interactive sessions are organized annually which is attended by 300+ participants at a time.

10. What advice would you give to the budding and young entrepreneurs in the current GSTdriven market?

It is important to be updated with the latest information and knowledge. It is also important to think through the various facets of a problem presented by the client and provide a workable business solution. Consultants need to be enablers of businesses and have to demonstrate value to the clients.

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Choksi Tax Services Providing Proficient Solutions

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ccounting is a critical activity to keep a tab on a company’s overall performance.

More often than not, it requires specialized people who understand financial nuances better than the company’s management.

Choksi Tax Services (CTS) was formed in 2007 with the sole purpose of helping enterprises with their plethora of compliance ranging from Income Tax to Goods and Services Tax(GST). It offers a one-stop solution by giving accounting services along with all related compliance. A group of Chartered Accountants are at the helm of the company to provide ethical, professional, and affordable services to clients so that they do not end up paying interest, fines or penalties due to any inadvertent non-compliance.

Leading to Succeed The company’s Founder, CA Manan Choksi holds an experience of 15 years in the SME sector. He believes in recruiting and retaining top talent in the industry to provide exemplary services to clients. He has been closely involved with the development of the manpower of the company and believes that qualified, trained and motivated employees can provide customer delight.

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Service Offerings CTS’s unique proposition is giving a one-stop solution to the client, so they do not have to run from pillar to post. The company takes responsibility for accounting, filing returns of TDS, Company law, GST, Income Tax and the client does not have to worry about missing any deadline. The information between departments is seamlessly shared and hence there is a minimum chance of mistakes or miscommunication. This, in turn, leads to the saving of time and money for the client. Depending on the client’s needs, CTS partners with them as their bookkeeper, accountant, tax management or business advisor.

A company which has a methodical approach towards its workflow can work exponentially more productively with the help of systems and technology. CTS since inception has been on the top of the tech wave and has state-of-the-art equipment which is considered best in class in the industry. It combines the time tested business practices with modern tools and technology providing each entrepreneur with a simple yet effective model, to serve the clients.

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We focus on providing quality services which ultimately leads to customer satisfaction.

CA Manan Choksi Founder Where Client is the Focus The Company’s vision is to become the preferred and trusted partner in providing proficient accounting services and also render as a complete business solution providers for small and medium-sized businesses across the globe. The strategy is to create partnerships with clients, rendering a strong combination of business consultancy, process optimization, and the latest operational techniques and technology to provide consistent maximum performance from the outsourced back-office functions. The company also believes in total transparency when it comes to billing for its professional services. All the charges are pre-approved by its clients since it follows a system of quote – billing – collection.

We focus on providing quality services which ultimately leads to customer satisfaction, rather than pricing.

Over the years, the Company has been successful in increasing and retaining its client base by more than 18% year on year. This figure itself speaks about the acknowledgments of the Company. It also has a record that not even a single client of CTS has paid interest, fines or penalties due to non-compliance. This speaks volumes about what

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our efficiencies have accomplished for our clients.

The company believes in the saying that ‘one satisfied customer leads to another’ and CTS has made this happen. 90% of the company’s business has grown due to referral over the years.

Manan adds, “Team CTS is very proud of its satisfied customers and shall always strive to provide and more satisfaction to our clients every day.”

Going Forward The company is focusing on growing its presence from Ahmedabad to all top cities of Gujarat. It is also focusing on extending its services offshore.

Over years of experience, it has understood that in the scenario of ever-changing regulations by the Government, it is imperative for every entrepreneur as well as an individual to get their books of accounts in order and ensure that all their compliance is done correctly. CTS is proud of its long-lasting business relationships with its clients and promises to ensure professional and accurate services to its clients thus saving them from the wrath of interest, fines and penalties.

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Khandhar Mehta & Shah Chartered Accountants Delivering Exceptional GST Services

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ased out of Ahmedabad, Khandhar Mehta & Shah is a protuberant firm delivering astounding legal services since its inception in 2004. The sturdy team of KMS comprises of highly skilled and motivated professionals including Chartered Accountants, Certified Information System Auditors, Lawyers and Company Secretaries who have hands on experience in consulting and advisory services. Over the period, the firm has gained about 100-man years of demanding and insightful experience in providing a multitude of services, ranging from Direct Taxes, Indirect Taxes, International Taxation, Transfer Pricing, Audit and Assurance Services, Financial Advisory Services to a BPO/KPO – representative office.

The firm is spearheading with its state-of-the-art techniques that deliver the finest GST services and holds a sturdy team of over fifty people in Indirect Taxation. It also provides effective training to its staff as well as clients and has continuous interaction with the ministry and lawmakers which makes KMS a trustworthy name in the domain.

A Profound Leadership KMS Chartered Accountants was founded by CA. Amish Khandhar, CA. Gautam Mehta, and CA. Tushar Shah.

They founded KMS in 2001 which turned their friendship into a professional relationship.

CA. Amish Khandhar is the Managing Partner of the firm and a prominent entrepreneur who co-ordinates the outline team to drive towards success. Amish is engaged with various organizations like GCCI, CA Institute and other Charitable institutions. He looks after the Indirect Tax Practice of the firm and is specialized in Service Tax and

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GST. He has been instrumental in structuring and formulating effective tax strategies for various corporates that have culminated into substantial tax advantages. Apart from this, Amish also leads KMS Indirect Tax Litigation practice.

Matchless Services KMS is much focused on its practice areas and it offers service in the matters of Income Tax, International Taxation, Service Tax, VAT, Excise and GST. It provides training to various departments including IAS & IRS officers and also has received appreciation from C&AG for conducting the successful training seminar for their offices.

It also renders various refinements as well as suggestions to the Ministry of Finance along with representing the chambers of commerce. These areas focuses on various industry specific, geographic specific situations and find solutions which meet the regulatory requirement along with helping clients in complying with the new and dynamic law changes.

Also, KMS runs diverse auditing services such as statutory audit, VAT audit, Excise Audit, GST Audit, Government Audit, Forensic Audit, IT/System Audit, Fraud Investigation Audit, etc. Its Income Tax services include Preparation of Income Tax Return for Individual, Firm, Company, Trust, Calculation of MAT (Minimum Alternate Tax) for 100% EOU/STPI Units, Scrutiny Assessment, CIT (Appeals), ITAT matters, High Court matters, etc.

Additionally, it includes international taxation which has Compliance with Transfer Pricing regulations including documentation and DTAA calculation and filing of Expatriate returns.

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CA. Amish Khandhar Managing Partner With respect to the diverse organizations, KMS provides an array of services such as Formation of Private, Public Limited, Section 8 company, Formation of 100% Subsidiary / Branch office / Liaison Office of Foreign companies, Drafting of memorandum and article of association of companies, Conversion of a private company into a public company and public ltd. into a private ltd, Statutory meeting and statutory report, Conversion of Proprietorship / Partnership Firm into Company under Chapter IX, and many more.

Apart from all these services, KMS doesn’t lag behind in providing precise service tax and GST services which comprise of Classification and Registration, Filing of half yearly Service Tax Returns, Refund of Service Tax Paid on input services by 100% EOU, Reply to Show Cause Notice(SCN) / Commissioner (Appeals) / CESTAT matters, etc.

Paving its Way through Challenges “The firm was started in a small routed office on\f300 Sq. Ft. with no funds on hand and no background in the city.

However, ethics, Hardship, out of box thinking, Blessings of elders helped us to reach this level today”, asserts Amish on asking him about the toughest challenges he has confronted.

KMS’s competent team of tax experts is always on the edge with the changes in the law vis-à-vis changes in the business, which perfectly blend the need v/s supply. The August 2019|

Uncompromising Integrity and Honesty are the Foundation of our services firm also believes that its deep knowledge roots, continuous updates, scenario building and solutions development, futuristic predictions with preparations have created its unique space in this industry. KMS has done a deep-neck analysis on GST/VAT of various gulf countries. With its rich domestic experience in indirect taxation, the firm is well positioned itself to face various challenges that may emerge in the future.

Today, the company has over 6000 sq. ft. of office space which is fulfilled with all the amenities and advanced communication systems. They also having staff of 120 people including 40 CAS. The company also offers a highly energetic as well as computerized environment which minimizes the paperwork.

Moving with its Core Vision KMS’s primary vision is to serve a wide spectrum of Indian industries. The firm aims to be highly professional and most reliable in the domain. While following a path of uncompromising integrity and honesty, the firm also keeps it stick to the profession, clients, society, and nation. The firm is moving ahead with its goal of serving diverse industry segments On asking his advice for the budding entrepreneurs, Amish assert, “Today’s youth is more energetic, knowledgeable, and hardworking than earlier generations. I would only suggest them to have wisdom and patience which will help them achieve their dreams”.

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Kothari’s & Company Timely and Cost-e ective Financial Solutions

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andling Finance is one of the most important tasks for a company. Timely payment of taxes, balanced accounts mean that a company is hale and hearty and also keeps it out of any sort of legal or financial troubles. At times, new rules and regulations might prove to be a bit cumbersome for a company to handle. As such it needs someone who can take care of the accounts and help it with various financial aspects.

Businessmen and several companies in the holy town of Ajmer are serviced by Kothari’s & Company, who provide intelligent and cost effective financial support services to the clients. It provides door to door consultancy of Accounts, Income Tax & GST. The process involves collecting documents from customers from their workspace, working on them at Kothari’s office, completing the documents within a day or two and finally delivering them after filing of GST Returns.

Simply put, it provides a Consultant-cum-Accountant to clients who delivers home service thus freeing the businessmen from the process of managing Accounts, Income Tax & GST.

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An Experienced Founder The company is headed by Mr. Poonam Chand Kothari who holds an experience of 29 years in the field of acounting. An Accountant & Sales Tax Practitioner, he started the company from his home as a part time job.

But gradually turned it into a well equipped office providing door to door accounting services/Vat Returns/Income Tax Returns/Digital Signature.

Views on GST Goods and Services Tax(GST) is a relatively new form of tax introduced in the country. The firm believes that GST collection is better which will naturally help the Indian Economy in the longer run. It helps the government to monitor the transactions, and stealth of tax will be curbed. Overall, GST collections will help the economy to grow and develop.

The firm also points out that initially people (businessmen) found GST hard to accept. Being a new

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Mr. Poonam Chand Kothari Founder

concept, it was tough for Consultants too. But the Government gave enough time, information and relief in penalty till they got acclimatized to it. Now everyone is acquainted with and works according to GST. Poonam Chand believes that that GST is now regularizing business as businessmen now avoid late fee and interest by filling the taxes well in time. The firm is also of the view that the cost of basic need products will be not increased due to GST and that cost of luxury items will increase and so it won’t affect the lower income class.

We believe that the best solutions come from collaborative relationships with our clients

GST – It deals with New GST/New Registration of Firm., GST Returns, Online Road Permits, and E-Payments.

Tally Education – It provides Tally education facilities for aspiring accountants.

Income Tax – It e-files the income tax returns within a day.

Digital Signature – Being an authorized partner of “SIFY” , it provides all types of Digital Signature facility.

Effective Services Kothari’s & Company follows a customer-centric approach and takes on work after fully understanding the client’s requirement and time constraint.. It focuses on providing intelligent and cost effective financial support services to its clients. Currently these services are limited to Ajmer only.

The firm’s services include: Accounts – It provides computerized Accounts work and deals with book entries, Bank Reconciliation, Debtors and Creditors position and Internal Audit

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The firm puts in special efforts to complete GST/Accounts work in time. Poonam Chand says, “This is our guarantee to our customers that we will file their all GST returns, Income Tax returns in time.”

Moving Forward The firm cherishes the bond it shares with its client that motivates it to continue its timely and accurate work. It shall continue to work on its simple principle of - work limited, work in time, provide services at the door step.

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PNJ Legal Consultants Delivering Excellence with professional Services

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oods and Service Tax (GST) has proved to be a positive game-changer for the Indian economy.

Initially, the road towards ‘One nation-one tax’ has met a lot of hurdles. But government and businesses have put in a step forward to address GST related various issues.

Today, GST has emerged as a crucial factor which is positively affecting the Indian economy.

On other hands, there is a lack of professional solution providers and this is hurting this industry like never before.

There is dire need of professional consultants who can guide their customers in the best possible manners. One such company, PNJ legal consultants is an aggregation platform of professionals who are experts in the field of merger acquisition, legal dispute, corporate governance, real estate advisory and taxation especially GST.

He is also a member of Institute of Chartered Accountant and Company Secretary. He has given his fruitful contribution to various Multinational companies like Intercontinental Hotels Group, Hilton Hotel Management Services, Chaudhary Group and Galaxy commercial in the past as Finance and legal head.

His past experience tells a lot about him. Before Venturing into PNJ, Paras Mittal has worked as Head of corporate affairs for Chaudhary Group which has USD 3.2 billion turnover. He was looking over 6 departments with a team more than 50 members across 8 countries and 10 business verticals.

Offering Elite Services

PNJ Legal is bringing a new revolution in service delivery with the patent applied process and features like chat with experts, C-suite hiring, E-certification programs, office space sharing, and Discussion forum. The company enables its customers to chat with GST experts for 5 to 10 min to resolved their technical queries.

The company is delivering exceptional services in the field of a tax audit, internal audit and statutory audit of various large and medium scaled companies. The company consults multinational companies on preparing budget and CXO compliance reports, transfer pricing study, and capital commitments reports. The company ensures the utmost quality in all of its services.

About the Head Honcho

Overcoming Hurdles

With over one and half decade of experience, Paras Mittal (ACA, ACS, NCFM) is the CEO of the company. He is instrumental in the field of Legal, Tax, Audit, Finance and Corporate Governance.

Initially, the company is facing challenges in terms of user acceptability and funds. The company worked on seed funding and managed to make portal live. Today, the

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We are blending years of experience and expertise with Services

Paras Mittal CEO

company is looking for more funding from investors to take it to the new heights. With extreme dedication and passion, the company has overcome all hurdles and rising as one of the leading professional service providers in this segment.

Standing out in Crowd The company is dedicated to keeping itself updated and informed about various aspect of GST and its amendments by attending various seminars conducted by Institute of chartered accountants and Institute of Company secretaries.

Apart from this, the company is also continuously writing articles on Impacts of GST for various business segments. It is also trying to impanel more and more GST experts through its digitally monitored platform- to provide expert services at reasonable cost at the comfort of client's home as it is total digital monitored online.

Leader’s Tech on Current Scenario If one thinks about the benefits of GST for the long term, one can understand that GST is not only about lower rate tax but is also about minimum tax slabs. Countries, where the Goods and Service Tax has helped in the reforming the economy, has only 2 or 3 states- One for being the mean rate, lower rate for essential commodities, and higher tax rate for luxurious commodities. However, India has 5 slabs,

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with as many 3 rates an integrated rate, a central rate, and a state rate. In addition to these, cess is also levied. “The fear of losing out on revenue has kept the government from gambling on fewer or lower rates. This is very unlikely to see a shift anytime soon; though the government has said that rates may be revisited once the RNR (revenue-neutral rate) is reached,” Says Paras.

Success Saga Under the leadership of Paras, the company has bagged many awards in this sector. Paras and the company has received many awards such as Banking financial services Insurance for the year 2017, Services Insurance for the year 2018, and HR Leader for the year 2017. Moreover, the company has completed a book which is based on real estate advisory. They got patent published on e-commerce service delivery method of services for third party opposition. The company has launched India’s first youtube channel which deals with videos on complex legal topics for better understanding.

A Road Ahead Progressing forward with the positive approach, PNJ Legal is looking for funding to make the portal more visible and impanel more vendors. In the coming future, the company will continue to deliver exceptional services to its clients at a reasonable cost. The company is also including an informative section on the website and will launch its mobile application too.

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Expert’s viewpoint

HOW CHANGES IN GST WILL AID BUSINESSES WITH BETTER CASH FLOW MANAGEMENT

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he Goods and Services Tax Law has been around for almost two years now, but it still causes pain for businesses when it comes to managing their cash flows and working capital requirements. Often business don’t really analyse their cash flow from a tax perspective and therefore don’t effectively manage GST implication.

It’s all about timing and being aware of the rules that may help.

Preparedness for smoother cash flows management under GST is crucial through availing input tax credit on business overheads. And effective vendor management, will play a key role in mitigating the risks on working capital.

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Tax on Branch Transfers (Interstate).

Under GST interstate branch transfers are treated as a supply, liable to be taxed at open market value. It is very common that companies have their factories located in one state while sales are done from other states or different processes on same goods are carried at different places locating in different states. In this case, every time supplies crosses a state, businesses have to pay GST on them, hence blocking the company’s cash and working capital requirement. A change in GST making branch transfers tax neutral will help businesses significantly in managing their cash flows. This tax neutrality

status may be awarded to an entity based upon filing requisite documents like Eway bill / monthly information statement which has an impact of controlling the tax evasion.

Reversal of ITC, due to suppliers non-compliance.

In previous laws, availability of ITC was not dependent on the compliances done by supplier.

However, under GST, input tax credit depends on supplier’s compliance i.e. supplier should have filed the return declaring the outward supplies along with the tax payment.

Now if supplier fails to file the return/ pay taxes, then it will adversely affect the buyer’s profitability position. In such cases August 2019

About the Author Law mandates reversal of ITC alongwith the interest at the rate of 18% per annum. This has an effect of slapping the bonafide recipient with double blow and the malafide supplier goes scot free. A simple change in law to safeguard the interests of bonafide recipients would help improve their cash flow position.

Mandatory payments to supplier in 180 days; GST law states that payment to creditors should be made within 180 days from invoice date. If payment is not made within 180 days then ITC availed has to be reversed by the recipient along with interest @18%.

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infrastructure, business have long credit terms or they have retention clauses or the cases are commercially struck in litigation which usually takes a longer period to settle. In all such cases recipient either has to claim the ITC only at the time of payment to vendors, or if they claim, then they have to reverse it after 6 months along with hefty interest of 18% per annum. In first case if no credit is taken within six months from the close of the financial year then entire tax credit is time barred.

This is an extremely harsh provision for various industry especially those having long gestation period.

New government should make a simple change removing the liability of interest in all cases where the

CA. Rajat Mohan is Fellow Member of Institute of Chartered Accountants of India (F.C.A.) and Fellow of Institute of Company Secretaries of India (F.C.S.). Furthermore, he also has qualified post qualification course of Institute of Chartered Accountants of India on ‘Information Systems Audit’ (D.I.S.A.). He also started a website (www.gstsms.in) which is the biggest single point database for GST related documents, news, views, presentations etc.

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taxpayer has suo-moto reversed the tax credit. This will also give an incentive to compliant taxpayers payers promoting an automated response from over ten million registered taxpayers.

Charge of Interest even if payment is made through ITC; Under GST law only thing which is certain is levy of interest even if payment is made through nonmonetary measures. There are numerous cases where a registered taxpayer wrongly claimed ITC in returns, however he didn’t use such ITC for the payment of outward liability. Now, that registered person after finding on his own that he has claimed excess tax credit, would reverse the same. This reversal needs to be done along with the interest irrespective of the fact that such tax credit was not used for payment of outward liability. Now this interest will be a cost to the registered person, increasing his requirement for cash.

Government may introduce a scheme whereby no interest would be charged in case payment of taxes is by way of utilizing credit balance instead of cash balance. This would save taxpayers from punitive action in cases of clerical and tax neutral transactions.

Applicable GST Rates on Services.

After rollout of GST prices of most the commodities have come down however that’s not the case in services. Most of the services are taxed at the rate of 18% in GST, whereas under previous regime of service tax maximum applicable rate was 15%. Cash flows of services based industries are intensively affected, as the amount of taxes paid will be greater than before.

GST council must consider revising the applicable GST rates on services to 15%. , which is also the revenue neutral rate (RNR) suggested by then chief economic advisor Arvind Subramanian. This proposal if accepted would lessen the burden of services industry, however it would come at a cost of higher revenue deficit for the exchequer. Government needs to balance this proposition from an overall perspective.

Conclusion; Cash flow is of vital importance to the health of a business. It is often said that “revenue is vanity, cash flow is sanity, but cash is king”. The most important focus for a business is cash flow, as no business can survive long without enough cash to meet its immediate needs. Making it all the more important to evaluate its impacts under GST. Smooth cash flows and adequate working capitals are blood and back bone of any industry and for the survival in the short term solely depends on these two factors. Hence some changes by the new government would definitely help businesses manage their cash flows in a better manner.

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Prakash Sachin & Co. A Reputed Firm Delivering Splendid Professional Services

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ne of the reputed Chartered Accountants firm with a perfect blend of experienced as well as young mind and talented team with a robust network of associates is Prakash Sachin & Co. The firm was founded on September 2004. Today, the firm has a PAN India presence with its head office is located at Connaught Place New Delhi, India.

Prakash Sachin & Co. has a team size consisting of five partners and more than thirty-five professionals and the numbers are increasing day-by-day. The firm has its offices in Mumbai, Kolkata, & Jharkhand. It has also marked its presence overseas through its associates in different countries across USA Europe, Asia and Latin America.

However, the motto of the firm is to provide the complete and integrated deliverables.

Diversified Solutions The firm has established practice groups to serve the diverse needs of its clients. With its mantra to deliver solutions professionally, Prakash Sachin & Co. is a full service professional chartered accountants firm offering services in Risk & Assurance, Fiscal and Tax Advisory, compliance and litigation Support, Corporate Laws, fiscal statute and regulatory support through advisory, Compliance & litigation, Business Development Support through guidance on various regulatory matters, Business Processes Support by way of process audit, SOP and system compliance.

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Intuitive Leader Prakash Sachin & Co. was founded by two senior partners Prakash Sinha and Sachin Sinha. However, K.T.N Rao, Ratandeep Sinha, Kavita Arora, Ajay Kumar and Binayak Datta are also the key members of the company.

Prakash Sinha holds a very rich post qualification experience of about eighteen years. During the passage of time, he has developed himself in the taxation advisory and litigation services, Business Advisory Services, Management Consultancy services covering the whole Corporate & Commercial matters and regulatory issues. He has got the experience and expertise in the FEMA, Corporate law matter, Taxation matter including the International Tax and Transfer pricing matters. He was a member of the Research Study Group constituted by Northern India Regional Council Institute of Chartered Accountants India on the International Taxation and WTO matters. Prakash has completed the LLB and advises the client in various legal and regulatory matters. He has handled various assignments successfully in the areas of firm practice.

However, Sachin Sinha has hands-on experience of Taxation, Auditing and Management Consultancy. He has developed himself in the direct tax, corporate, secretarial, and commercial issues.

Both Prakash and Sachin have successfully completed the certificate course of Institute of Chartered Accountants of

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We believe in performance and visible output in terms of delivery Prakash Sinha FCA India about International Taxation and Transfer Pricing.

Further, they have completed the course of IFA (International Fiscal Association) Delhi Chapter about International Taxation and Transfer Pricing.

Assets of the Company Human Resources – Human Resources, being the most valuable resource, the firm has a vibrant and transparent recruitment and training process to develop the working skill and improve deliverable quality. It has a legal team which looks after the Advisory and legal matters from High court to Supreme Court and off the court settlement likeArbitration and reconciliation. Both the team complements each other in order to get the best outcome in any process.

Power Team – Prakash & Sachin Co. is headed with power team of knowledgeable partners who are tirelessly dedicated for the improved professional services to its business partner. The steering teams are the leaders of the firm and directly responsible for the best quality deliverable to the business partner.

Integrated Team -The firm has an in-house integrated team of professional like lawyers, company secretaries and cost accountants. This team provides the integrated solution under one roof. It has a zero outsourcing policy and undertakes all the professional work in-house itself unless there is instruction of business partner to do so or locational issue.

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Business Partners – Prakash & Sachin Co. enjoys the long list of business partners for their various professional assignments. These partners are foreign companies, Foreign NPO (Non-Profit organization), Indian Public Sector undertaking company, Indian Private Sector Company, Indian Multinational Company, Indian Banks, other inwards and outward expatriate including the High Netwirth Individuals.

Infrastructure –The company has its offices in major cities of India and having the presence throughout the country. It has its associates in USA, Europe and Singapore. In India, the firm has a team size of around thirty-five professionals including an integrated team of experienced partners, knowledgeable partners, and associates. All information technology hardware system follows security compliance guidelines and restricts the leakage or pilferage of data and personalized information of client.

A Future to Believe In The firm is hardcore believer of the phase –“Knowledge is Power” and always works on the knowledge up-gradation through its dissemination. For this purpose, it has a dedicated research team for all the verticals. It has committed strongly to serve world with the updated knowledge and with the best possible expertise, resources, personal attention, complete integrity, and confidentiality.

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Tax Advocate India Facilitating Streamlined GST Consulting Services

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he implementation of GST is the most beneficial step for the development of the Indian economy after Independence. GST acted as a major booster to the Indian Economy. The recent development in India’s ranking for ease of doing business has been the witness of this. Eradicating of the Cascading effect related to taxation, Transparency and Neutrality of Taxes are the key benefits that India is deriving from GST. GST has enabled Indian Entrepreneurs to focus more on their businesses rather than thinking about complying with multiple laws.

According to Advocate Manoj K. Yadav - Founder, Tax Advocate India, the thing most impactful right now in the Indian economy is ‘A person’s attitude towards Compliance of the Law.’ Many people still comply with law only out of the fear of being caught rather than to abide by the law and discharge their duties towards the nation. That is the reason Manoj through his firm Tax Advocate India is on the mission to streamline the GST related services and provide the said services effectively and efficiently. Encountering and facing the challenges of the industry with zeal, the firm is focused on facilitating a various set of tax-related consulting services to the clients.

That’s How the Story Goes Tax Advocate India was founded in 2010. In a short

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period of time, it has become a well-known brand in Delhi & NCR for its world-class services. It provides a wide range of market entry services, income tax services, company formation, foreign investment approvals, Payroll management, Management Audits, Internal Audits, and Statutory Audits. Along with Accounting Services and other statutory compliances that need to be done by various organizations either currently operating or looking forward to operate in India.

With the aim of providing accounting and a wide range of finance-related services to its clients, the firm aspires to be recognized as a quality service provider within India. “We are a team of dedicated Corporate & Tax consultants in India, with vast knowledge and professional experience, serving its clients and specialize in the fields of accounting, auditing, taxation, foreign investment along with a host of other financial services,” says Manoj. The firm’s clientele varies from small-sized to medium-sized privately-owned companies as well as large corporations. “We believe that each client has their individual requirements and our objective is to provide as much as efficient and cost-effective services tailored to their specific needs,” he further adds. The firm’s goal is to develop a lasting relationship with its clients with a focus on protecting their investments and maximizing the returns from the activities carried out by them in India.

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Manoj K. Yadav Advocate

The Legend You are about to Know Manoj is a Master in Law and Commerce Graduate from the University of Delhi, also he is a member of the Bar Council of India since 2010. During his initial stage of Practice, he associated himself with various reputed Advisory & Consultancy Firms as a Senior Consultant/ Senior Associate. He did all this with rendering his services as a litigator by representing the said firm’s clients before various regulatory authorities. He has vital experience in the field of Corporate Law, Taxation Law, Society Law, India Entry Strategies and Intellectual Property Rights. Manoj is a highly skilled and accomplished attorney and legal strategist. He has a strong knowledge of corporate compliances, foreign investment, direct & indirect taxes, and corporate governance matters.

He describes following pointers regarding the lacking factors prevailing to GST at this time: • GST officers at the state level lack knowledge of GST Provisions & related rules.

• There are too many persons (other than qualified professionals) working in this field who lack proper knowledge of the law.

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We are committed to develop a close relationship with our clients and meet regularly to keep them informed about the dynamic tax law in India while developing our knowledge of their a airs

• The user capacity of GST Portal failed to suffice India’s requirement. Its capacity should be increased at least to five lacs users at a time.

• The government of India instead of extending due dates should focus on providing means to professionals in a timely manner. One thing which can be observed is that professionals are ready to perform their duties but because of the nonavailability of means, they are unable to perform the same.

The team from Tax Advocate India suggests the young generation of tax or GST consultants that the future depends upon the quality of services provided by one.

“A professional who is ready to provide his clients with possibly the fastest and accurate consultancy will succeed in future,”claims Manoj. The firm’s main focus right now is to look into ways in which it can continuously improve the quality of the services provided. It’s looking forward to increasing its clientele outside the boundaries of Delhi & NCR. They are aspiring and devoted to forging a good reputation in the field of compliance management nationwide.

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