Question 1

Who needs to register for GST?

Accepted Answer

Generally, businesses with aggregate turnover above ₹40 lakh for goods (₹20 lakh for services, lower in special-category states) must register. Inter-state suppliers, e-commerce sellers and those under reverse charge may need to register regardless of turnover.

Question 2

What is the due date for GSTR-3B?

Accepted Answer

GSTR-3B is generally due by the 20th of the following month for monthly filers; staggered dates of 22nd/24th apply to QRMP taxpayers depending on the state.

Question 3

Can I claim Input Tax Credit on all purchases?

Accepted Answer

ITC is available only on goods and services used in the course of business and is subject to conditions in Section 16 and blocked credits in Section 17(5). It must also reflect in your GSTR-2B.

Question 4

What happens if I receive a GST notice?

Accepted Answer

Do not ignore it. Notices have strict reply timelines. We review the notice, prepare a reasoned response with supporting documents, and represent you before the department.

Question 5

Is e-invoicing mandatory for my business?

Accepted Answer

E-invoicing applies to businesses above a notified turnover threshold (currently ₹5 crore). We help you assess applicability and set up compliant invoicing.

Question 6

What is GSTR-9 and 9C?

Accepted Answer

GSTR-9 is the annual return; GSTR-9C is a reconciliation statement required for taxpayers above the notified turnover. Both consolidate your year's GST data.

Question 7

How is GST handled on exports?

Accepted Answer

Exports are zero-rated. You can export under a Letter of Undertaking (LUT) without paying IGST, or pay IGST and claim a refund. We manage LUTs and refund applications.

Question 8

Which ITR form should I file?

Accepted Answer

It depends on your income sources and assessee type — ITR-1 for simple salaried income, up to ITR-7 for trusts. We determine the correct form for your situation.

Question 9

Should I choose the old or new tax regime?

Accepted Answer

It depends on your deductions and investments. The new regime offers lower slab rates with fewer deductions. We run both computations and recommend the one that minimises your tax.

Question 10

When is a tax audit required?

Accepted Answer

Broadly, when business turnover exceeds ₹1 crore (₹10 crore if cash transactions are within 5%) or professional receipts exceed ₹75 lakh, subject to presumptive-taxation conditions.

Question 11

What is the due date to file my ITR?

Accepted Answer

Usually 31st July for non-audit cases and 31st October for audit cases, unless extended. Belated and revised returns have their own timelines.

Question 12

I received a notice under Section 143 or 148. What now?

Accepted Answer

These relate to assessment or reassessment. Timelines matter. We analyse the basis, compile your records and respond or represent you in the proceedings.

Question 13

Can you help with capital gains tax?

Accepted Answer

Yes — on property, shares, mutual funds and more, including exemptions under sections like 54 and 54F and set-off of losses.

Question 14

Do NRIs need to file returns in India?

Accepted Answer

NRIs must file if they have taxable Indian income above the basic exemption or wish to claim a refund. We also advise on DTAA relief.

Question 15

What is the due date to deposit TDS?

Accepted Answer

TDS is generally deposited by the 7th of the following month (with a special date for March). Late deposit attracts interest.

Question 16

Which TDS returns do I need to file?

Accepted Answer

Form 24Q for salaries and 26Q for other resident payments, filed quarterly; 27Q for payments to non-residents.

Question 17

What is Form 16 and when is it issued?

Accepted Answer

Form 16 is the salary TDS certificate issued to employees, generally by 15th June after the financial year. Form 16A covers non-salary TDS.

Question 18

What if I deducted TDS at the wrong rate?

Accepted Answer

Short or non-deduction triggers interest and possible disallowance. We help correct returns, deposit shortfalls and respond to defaults on TRACES.

Question 19

Can I get a lower TDS deduction certificate?

Accepted Answer

Yes. If your actual tax liability is lower than the TDS rate, we can apply for a lower or nil deduction certificate under Section 197.

Question 20

What are the annual compliances for a Private Limited company?

Accepted Answer

These include filing AOC-4 (financials), MGT-7/7A (annual return), holding board and AGM meetings, DIR-3 KYC for directors and maintaining statutory registers.

Question 21

How long does company incorporation take?

Accepted Answer

Typically 7–15 working days after documents and approvals, through the MCA SPICe+ process. We handle name approval, DSC, DIN and filing end to end.

Question 22

What is DIR-3 KYC?

Accepted Answer

An annual KYC every director with a DIN must complete, usually by 30th September. Missing it deactivates the DIN and attracts a penalty.

Question 23

What happens if ROC filings are missed?

Accepted Answer

Late filings attract per-day additional fees and can lead to director disqualification or company strike-off. We help regularise overdue filings.

Question 24

What annual filings does an LLP need?

Accepted Answer

Form 11 (annual return) by 30th May and Form 8 (statement of accounts & solvency) by 30th October, plus income-tax return filing.

Question 25

Is audit mandatory for an LLP?

Accepted Answer

Audit is required only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh; otherwise it is optional.

Question 26

Can a Private Limited company be converted to an LLP, or vice versa?

Accepted Answer

Yes, conversions are possible subject to conditions. We advise on the tax and compliance implications before you decide.

Question 27

What is DPIIT / Startup India recognition?

Accepted Answer

It is government recognition that unlocks benefits like tax exemptions, easier compliance and funding access. We assess eligibility and file the application.

Question 28

What is Udyam (MSME) registration?

Accepted Answer

A free government registration that classifies your business as micro, small or medium and enables MSME benefits, subsidies and faster payments protection.

Question 29

Do you prepare business plans and projections?

Accepted Answer

Yes — investor-ready business plans, financial projections and pitch support, grounded in realistic numbers.

Question 30

Can a startup claim an 80-IAC tax holiday?

Accepted Answer

Eligible DPIIT-recognised startups can claim a profit-linked deduction for three consecutive years out of ten, subject to conditions. We check eligibility and file the application.

Question 31

When is PF registration mandatory?

Accepted Answer

Generally when an establishment employs 20 or more persons; voluntary registration is also possible. We handle registration and monthly ECR filings.

Question 32

When is ESIC registration required?

Accepted Answer

Usually when 10 or more employees are engaged and wages are within the notified ESI limit. We manage registration, returns and inspections.

Question 33

What is Professional Tax (PT)?

Accepted Answer

A state-level tax on professions and employment. Employers must register, deduct from salaries and remit PT, with periodic returns.

Question 34

What is a Shop & Establishment registration?

Accepted Answer

A state registration required for most commercial establishments, often needed to open a current account and prove business existence.

Question 35

We received a PF/ESIC notice — can you help?

Accepted Answer

Yes. Our labour-law division handles assessments and notices under PF and ESI, prepares replies and represents you before the authorities.

Question 36

What is CLRA / contract-labour compliance?

Accepted Answer

The Contract Labour (Regulation & Abolition) Act requires licensing and registers where contract labour is engaged. We set up and maintain the required compliance.

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