India Entry Services

With increasing globalization and enhancing presence around the globe, we provide consultancy to corporates who are looking to set up their presence in India. Right from incorporation to liaison with various statutory and Government bodies to ensure not only smooth set up but also smooth operations to be a part of booming Indian economy.

We hand hold for all the incorporation and registration services, hiring of initial resource, RBI and tax compliances, payroll and book keeping services. Our consultation for the advisory services is free. Depending upon the requirement and customization we provide support for a year and update our customers with all the applicable law of the land for the time being in force. All in all we provide end to end virtual CFO services and also enable the smooth transition of business keeping in view the business objectives.

To sum up our services include the following;

The objective is to assist in setting up of operations in India and this in turn will be mutually beneficial to the business as well as Indian economy. Indian Government has come up with number of initiatives in recent past to promote industries in India and specially the make in India initiative. We have seen surge of large foreign business houses setting up manufacturing facility in India to capitalize the large low cost talent pool and ease of operations in India. Companies have now started taking up manufacturing activities in India from the erstwhile assembling activities.

Corporate Law & Allied Services

We provide assistance in the following areas of Corporate law:

Virtual CFO Services

For start ups, recruiting a full time CFO in the initial stages remains a challenge considering the financial constraint. We step into the role of a CFO and support the organizations in setting up systems, policies, procedures, internal controls. We help prepare business plan, budget, capex planning, statutory registrations and labour aw compliances, maintenance of books of accounts, tax and legal compliances. With this we also provide marketing and distribution solution to the companies. We provide customized solution keeping in view the requirement of the customer and the industry within which the organization operates. Within the virtual CFO Services, we provide the following services:

  • Business planning and budgeting: We as business partner provide support in providing strategic direction in preparation of business plan, financial planning, capex planning and budgeting. We also help monitor budgets and provide insights to management as and when the business demands.
  • Registration and Compliance services: Services relating to initial registration including periodic renewal like trade license, registration under Shops & Establishment Act, Profession Tax, Various labour laws like Provident Fund, Employees State Insurance Act, Contract Labour and Regulation Act, Labour Welfare Fund and all other compliances are done at our end. Further income tax registration with respect to PAN and TAN and GST registration are also provided for.
  • Tax compliances: Income tax compliances with respect to TDS, TCS, employees TDS, corporate ITR including tax planning are also provided. GST monthly as well as annual filings including filing of refund applications are also taken care.
  • Maintenance of books of accounts and payroll: As a virtual CFO service provider, we help in manintianing books of acconts in the required software and
  • Specific services: Compliance with regard to STPI, RBI , SEIS are also taken care of by us. Any other specific requirement keeping in view the nature of business can also be supported.

Tax compliance

Service offerings:

Tax compliance includes both direct and indirect compliances. Direct Compliance involves following the Income Tax Act and Indirect Tax Compliance Act involves following the Goods and Service Tax(GST).

Income Tax Compliance refers to the degree to which a taxpayer complies (or fails to comply) with the tax rules of his country.

Taxes are calculated on the annual income of a person, and an annual cycle (year) in the eyes of the Income Tax law, India starts on the 1st of April and ends on the 31st of March of the next calendar year. The law recognizes and classifies the year as “Previous Year” and “Assessment Year”. The year in which income is earned is called the previous year and the year in which it is charged to tax is called the assessment year.

Direct tax compliance includes the following:

  • Personal tax filings
  • Corporate Tax filings
  • Tax Deducted at Source
  • Advance tax
  • Scrutiny Assessment
  • Litigation Assessment
  • Transfer Pricing

The single GST subsumed several taxes and levies which included: central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi.[17][18] Other levies which were applicable on inter-state transportation of goods have also been done away with in GST regime.[19][20] GST is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services.

India adopted a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state are levied with Central GST (CGST) by the Central Government and State GST (SGST) by the State governments. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption-based tax/destination-based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them from collecting the tax owed to them directly from the Central Government. Under the previous system, a state would only have to deal with a single government in order to collect tax revenue.

Financial Accounting

Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements  available for public consumption, shareholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.

Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.

On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.

While financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business.

We maintain books of accounts with customized and periodic MIS reports to enable the decision makers to take pro active measurement keeping in view the long term business goals and achieve the vision of the leadership. Other than maintenance of books of accounts, we also provide services relating to debtors management, vendor management, stock analysis, fixed asset accounting and preparation of information for various audits.

Payroll & Leave management

Management of payroll as a function has become complex with changing labour and income tax laws. With employers looking to provide information to its employees and yet keeping the information of each employee as confidential, the preference is to outsource the function to a third party vendor. This not only helps to cut cost but also dedicated team of professionals ensure that deliverable are given on time with priority on accuracy. This is result help the organization to pay attention to other human resource areas with routine ones outsourced. We provide cloud based services in payroll management and provide the customized solutions with the following deliverables:

  • Maintenance of employees’ master data, statutory compliance of PF, ESI, and P Tax
  • Computation of tax and compliance with withholding taxes and issuance of Form 16
  • Expense reimbursement and generation of payslips
  • Full and final settlement of employees

Software & Network Security:

The payroll is processed in a cloud based software and employees can access their account from anywhere around the globe.

All communication between browser and software servers is encrypted using high grade 256 bit SSL encryption. Application built ground-up for SaaS usage with multi-tenancy architecture. Distinct sub-domains for each customer for better security. Facility to configure comprehensive user and password policies. Systematic handling of all web application vulnerabilities like access level checking, SQL Injection, XSS, CSRF, etc. Regular vulnerability scanning, schedule OS security updates & patches, log analysis and server monitoring.

Network level security consisting of Robust Firewalls, Intrusion Detection Systems and Anti Virus Software.

Leave Management:

Our extensive leave policy configurations ensure that the system works exactly as per your requirements.

Create multiple leave schemes for different employee categories in terms of entitlement, quantum of leaves and other policies.

With the automatic leave granting on a monthly, quarterly or annual basis, yet another HR chore gets eliminated. All leave transactions of an employee are tracked and leave balances automatically updated. Eliminate your Leave Cards or Leave Excels completely.

Year end need not mean extra work anymore. With easy to use tools, complete the year end processing for lapsing leaves, carry-forward, auto-encashment, etc. Have a tension free transition to the next year.

Minimize HR work by empowering employees with self service options. Employees can see the Company Holidays, their Leave balances, transactions and team leave calendar. Workflows for applying leave, cancellation, compensatory off grant, leave encashment, etc. are available.

Corporate Finance Management

We provide assistance in the following areas of financing:
  • Project and working capital finance arrangement end to end solution.
  • Project reports and CMA preparation
  • Debt Syndication
  • Stressed assets and restructuring of debts
  • Sanction terms Compliances, end to end assistance on retainershipbasis.
  • Bill discounting services
  • Commercial Papers from Banks
  • Foreign Currency Term Loans/working capital requirement for subsidiary of foreign corporates in India
  • RBI/FIPB approval for foreign currency loan/Investment.

Our founder has 20 years' of experience providing consultancy to businesses in various sectors