Goods and Service Tax
Goods & Service Tax (GST) is a destination-based consumption tax. It is a single tax in lieu of multiple taxes with a dual levy by the central as well as state governments under a common law. The most striking features of the new tax regime include a broad tax base, seamless input tax credit, IGST on interstate trade, reverse charge mechanism, E-way bill systems, GSTN, etc. The concept of supply, multiple rates structure, classification issues, restrictive input tax credit, place of supply provisions, refund of export tax, etc. are already creating disputes and compliance complications. Team Probity provides complete solutions on GST matters.
Our service offerings in GST are:
- GST Compliance Services
- GST Opinion & Advisory
- Litigation & Representation Services
- GST Health Check
- Assistance in GST Refund
- GST Registration &
- GST Due Diligence
- GST Audit and Annual Return
Income Tax Matters
The Income Tax Act 1961 and the Income Tax Rules 1962, Notification and circulars issued by CBDT govern the levy & collection of Income Tax. The income of all persons including individuals, Hindu undivided families (HUF), Companies, Firms, Associations of persons, Body of individuals, local authorities, and any other artificial juridical persons are taxable in India. The tax computation, preparation and filing of returns, and complying with various statutory requirements are still huge and time-consuming responsibilities. Team Probity would help you to operate efficiently and discharge the appropriate Income tax liability.
Our service offerings in Income Tax are:
- Corporate Tax matters
- Filing of Income Tax Returns
- Litigation & Representation Services
- Withholding Tax (TDS compliances)
- Advance Tax Planning & Computation
- Advice on tax implications
- Corporate Tax Planning
- Assistance in Income Tax Refund
Company & Roc Compliances
Companies and LLPs that are running in India with registration issued under the regulation of Companies Act, 2013 and Limited Liability Partnership Act, 2008, are to compulsorily follow a set of annual submission/declaration filing procedures with ROC (Registrar of Companies) in the prescribed deadline, failing the obligation may lead to penal charges as per the rule put in place in India. Team Probity will guide you through all these compliances required to be completed since the incorporation.
Our service offerings in RoC Compliances are:
- Company/LLP Formation
- Annual RoC Compliances
- Filing of statutory returns
- Drafting Legal Documents
- Company Strike Off & LLP Closure
- Foreign Company Setup in India
- Liaison Office / Branch Office
- Consultancy in Company Law Matters
Accounting & Book Keeping
Accounting and bookkeeping are critical functions in any organization in achieving financial stability and long-term success. It also helps in monitoring cash flow, controlling expenses, ensuring tax compliance, and attracting investors or securing loans. Presently, outsourcing accounting functions has proved to be a very productive strategy for businesses all around the world as setting up an in-house accounts department is a very costly affair as compared to outsourcing one. Also, for small businesses, having a junior inexperienced accountant comes with a risk of not being compliant with all statutory requirements, finding a replacement in case of the resignation of an accountant is a troublesome task. Thereby, Probity Consultants comes up with Accounting Outsourcing Solutions wherein we provide accounting services & bookkeeping services as per the requirement of the client on a weekly, bi-weekly, monthly, quarterly, or yearly basis. Our emphasis remains on dedicated services, commitment and accountability, which is the reason why our list of clients has grown up at a faster pace on a year-to-year basis.
Our service offerings in Accounting & Book-Keeping are: -
- Accounts Receivables/ Payables Management
- Maintenance of General ledger
- Payroll Processing
- Financial Statement preparation
- Budgeting and cash flow planning
- Inventory Management
- Fixed Asset Management
- Periodic MIS Reports
Investment Planning
Investment planning is crucial for achieving financial security and success. It helps individuals and businesses identify their financial goals and create a roadmap to achieve them. Investment planning involves analyzing various investment options, assessing their risks and potential returns, and developing a diversified investment portfolio that aligns with the investor's goals, time horizon, and risk tolerance. A well-designed investment plan not only helps to optimize returns but also minimizes risks and protects against market volatility. Overall, investment planning is a critical aspect of financial planning and can help individuals and businesses achieve their long-term financial goals. Team Probity works with clients to understand their goals and develop investment strategies that align with those goals.
Our service offerings in Investment Planning are:
- Investment Advisory Services
- Retirement Planning
- Insurance Advisory Services
- Investment Portfolio Analysis
- Risk Management
- Wealth Management Services
- Mutual Funds
- Financial Planning Lite
Offshore Accounting and Taxation Services
In today’s ever-changing and competitive world, the Finance & Accounting function is one of the key functions being tracked by management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business performance have prompted many CFOs and finance executives to look for new approaches, including outsourcing the finance & accounting function. This solution enables a complete transformation of the F&A process, as well as facilitates seamless operations across several countries in a global environment. With OATS’ finance and accounting outsourcing services, you can be assured that your fiscal and regulatory risks are being managed effectively.
Our service offerings in Offshore Accounting and Taxation Services are:
- Book-keeping
- Year-end Accounts Finalization
- Financial Modelling
- Financial Due Diligence
- Corporation Tax
- VAT Returns
- Payroll Process Management
- MIS Reports
Corporate Training
Training plays a crucial role in the success of any organization. It is an investment in the company's most valuable asset - its employees. With proper training, employees can develop new skills, knowledge, and attitudes that can enhance their performance and productivity. It also helps to create a motivated and engaged workforce, leading to increased employee retention and job satisfaction. Additionally, training can also help organizations adapt to changes in the business environment, such as new technologies, regulations, and industry trends. Therefore, it is vital to maintain a competitive edge in today's ever-changing business landscape. Probity Consultants' experienced trainers offer training programs on a variety of topics tailored to the company's specific requirements, including GST, Income Tax, STPI, FEMA, SEZs, FTP, soft skills, and other related subjects
Our service offerings in Corporate Trainings are::
- Training programs on specific needs of corporate and other professionals
- Training programs on Income Tax, GST & other finance and taxation-related topics
- Seminar on contemporary tax issues, recent changes, important judgements, etc.
- Training on tax planning strategies for salaried individuals, etc.
- Training on communication and interpersonal skills development
More Services
SEZ / STPI Compliances
SEZ (Special Economic Zone) and STPI (Software Technology Parks of India) are two different schemes introduced by the Indian government to promote exports, boost foreign investment, and generate employment opportunities. Businesses operating within these designated zones can enjoy several incentives such as tax holidays, duty-free imports, and tax exemptions. However, to avail of these benefits, businesses must comply with various regulatory requirements including obtaining approvals and registrations, maintaining proper records and documentation, adhering to labour laws and environmental regulations, and filing periodic reports with the relevant authorities. Given the complex regulatory landscape, it is imperative that organizations operating in these zones adhere to all regulatory obligations. Team Probity can assist businesses in navigating the regulations, ensuring compliance, and avoiding penalties and legal issues.
Our service offerings in SEZ / STPI Compliances are:
- STPI/SEZ Registration
- Softex Filing
- APR/MPR/QPR Filing
- Other Statutory Compliances
- Assistance in Renewal
- Approvals From STPI Authorities for various activities
- Assistance in Closure/exit from STPI/SEZ
Virtual CFO Services
In today’s scenario, entrepreneurs face competitive challenges and regulatory demands that can affect cash flow and profitability. At some point, the entrepreneurs realize that too much of their time is spent focusing on these issues and too little time is spent focusing on business development and other core business matters. It creates an atmosphere of stress and the whole work system is affected. At this point in your business, you need to consider CFO services and retaining an affordable, interim CFO, part-time CFO, and virtual CFO. We will take this stress from you & you get to refocus on operating and growing your business.
We provide the following Services:
- Advice on tax planning
- Advice on business funding & Compliance & Meeting Investor requirements
- Valuation of business
- Bank finance documentation & Coordination
- Structuring of ESOP & Other Employee benefits.
