Strong Pillar
POST-INCORPORATION
SERVICES
Banquet of Solutions including, Accounting Services, Payroll Services, DirectTax, Indirect Tax etc.
- ACCOUNTING SERVICES
KNM provides Onsite & Offsite Accounting Services & book-keeping to Corporations who are willing to outsource their finance and accounting function to eliminate the hassles of maintaining an in-house team.
- Maintenance of books of accounts in compliance with Indian accounting standards as well as international reporting norms on different accounting software like Navision, Tally ERP, SAP, B1;
- Preparation of financial statements on a monthly, quarterly, half-yearly, or yearly basis depending upon the requirement; and
- Preparation of Financial Reports & reconciliations as per the Company’s requirement.
2. PAYROLL SERVICES
An organization’s payroll is one of the key activities of a company’s administration. Payroll departments in many companies generally lack the necessary resources to deal with unique situations of payroll processing. We at KNM offers professional payroll outsourcing services with a dedicated expert team.
- Maintenance of employee data;
- Monthly salary computation including various benefits & Deductions as per applicable laws like Income Tax, Provident Fund (PF), Employee State Insurance (ESI), Professional Tax, etc.;
- Income-Tax Computation of Employees/Expatriate;
- Payslip by password-protected e-mail;
- Periodic Reconciliation of payments / statutory deductions etc. with books of account;
- Calculation of withholding income tax to be deducted from salaries; and
- Maintenance of records under PF & ESI & compliance there-under.
3. DIRECT TAX
- Registration under Direct Tax includes: –
- Permanent Account Number (PAN); and
- Tax Deduction Account Number (TAN).
- Compliance under Direct Tax includes: –
- Expatriate Taxation;
- Planning salary package;
- Tax Computation;
- Filing of Tax returns; and
- Obtaining of No Objection Certificate or Income Tax Clearance Certificate.
- Withholding Tax;
- Filing of periodic returns; and
- Preparation of withholding tax certificate.
- Tax Collection at Source (TCS)
- Filing of periodic returns; and
- Preparation of withholding tax certificate.
- Corporate income tax;
- Filing of Annual corporate Tax return; and
- Assessment proceedings;
- Lower Deduction Certificate;
- Country by Country Reporting (CBC Reporting).
4. INDIRECT TAX
- Registration under Indirect Tax includes
- Registration under the Goods and Services Act (GST).
- Obtaining Import Export Code (IEC Code);
- Compliance under Goods and Services Tax Act (GST): –
- Review of monthly Sales & Purchase invoice to know the monthly tax liability and Input tax credit available;
- Depositing monthly tax Liability with the Revenue Authorities;
- Filing of monthly, quarterly, and annual returns;
- Transaction Advisory Services
- Applicability of various Indirect Taxes including GST on any new business transactions undertaken;
- Eligibility to Exemptions/Deductions/Abatements;
- Classification of any new business transactions;
- Advisory related to Valuation issues;
- Indirect tax implication on Cross-Border Transactions etc.
- Refund of GST from Department
- Litigations and Representation Services under GST & Other Indirect Tax Laws.
- GST support on closure or transfer of Businesses.
- Support and presentation for Custom Special Valuation Branch
5. REGISTRATION UNDER DIFFERENT TAX LAWS: –
- Registration under Shops & Establishment;
- Registration under Professional Tax;
- Registration under Provident Fund (PF), Employee State Insurance Act (ESI);
- Registration of Trademark, Copyright and Patent.