Company Allied Services

1. Income Tax Services Accounting and Tax consulting

We hold specialization in providing our customers competitive Income tax services to individuals, as well as small scale and medium scale businesses.

  • With delivered service standards being highly effective and efficient, the services offered include:
    Preparation & Filing of Income Tax Returns
    Getting Assessment Done
    Consultancy in Tax Matters & Tax Planning
    Foreign Taxation Consultancy
    TDS & TCS Matters
    Income Tax Appeals Before CIT (Appeals) And ITAT

Sales Tax
Sales Taxes consist of two types: excise and general sales. The excise tax is placed on specified commodities and may be at specific rates or on an ad basis. The general sales tax may be a manufacturers' excise tax, a retail sales tax paid by consumers, a "gross income" tax applied to sales of goods and provision of services, or a "gross sales" tax applied to all sales of manufacturers and merchants.
During the nineteenth century several states adopted tax levies resembling sales taxes. The sales tax in its modern form was first adopted by West Virginia in a gross sales tax in 1921. During the 1930s, many states adopted the sales tax in its various forms as a replacement for the general property tax that had been their chief source of income.
The adoption of sales taxation slowed somewhat during the 1940s, but became more popular after World War II. At the end of 1971, forty-five states and the District of Columbia levied a sales tax in some form.

  • Other than this, our services also include:
    Registration
    Filing of Periodicals Returns
    Assessment
    Issue of Necessary Forms
    Appeals

Service Tax
We also have with us rich industry experience in successfully offering competitive service tax matters related consultancy services that are vital in current day scenario.

With involved service solutions handled by experienced industry professionals, we are here offering services related to:
Registration
Filing of Return
Maintenance of Records
Assessment

Wealth Tax Returns
Our company is prominent in the industry for its ability of providing reliable and certified Wealth Tax Returns services. To offer these services, we possess highly experienced team of professionals, who have complete knowledge in respective domain. We ensure that the services offered by us are at par with the set laws and standards of industry. Besides, we ensure to provide solutions within committed time period.

2.corporate law and Secretarial Services

Corporate Attorneys, Lawyers and Advocates of our Law Firm had played a key role in handling several corporate cases
We handle a wide range of corporate and Securities law matters for both Domestic and Foreign clients. Our key areas of practice are in the foreign investment, mergers & acquisition, Schemes of Arrangement, privatization and fund management. We represent our clients before the Company Law Board, Company Courts and all statutory authorities under the Companies Act.
We also provide comprehensive corporate secretarial service with full support for all corporate secretarial functions and requirements.
Corporate Attorneys, Lawyers and Advocates of our Law Firm are providing preventive legal measures on retainership basis to several corporates

Secretarial Service
Company Secretaries play a vital role in overall Corporate Law Management and more specifically in managing the Board, acting as advisors to the top management, getting approvals and consents of stakeholders and the Respective Government Authorities, and helps in handling corporate cases and resolving the disputes among Shareholder. We at Sathyam international Corporate Services LLP provide services in complying with the provisions of the Act and render legal advisory services in day to day corporate management, and advise in implementing transactions like Change in name of the company / Change in object of the company / Shifting of Registered office / Appointment and Resignation of Director, Transfer or Transmission of shares, mergers, demergers, issue of Capital and acquisition of control, due diligence audits, Compliance Audit etc.,
Sathyam international a group of experts in this area are eager to help you and assist you in all manners. Our team leads the entrepreneurs to run their business in secured way in all aspects. We provide all means of Secretarial service, financial service and make every business person a successful and well balanced entrepreneur.
Few Services we offer as follows:
Change of name
Change of Object
Shifting of Register office
Change of Directors
Increase in Authorized Capital
Allotment of Shares
Conversion of Private to Public vise versa
Conversion of OPC to Private and Public vise versa.
Mergers, Amalgamations, De mergers.
Due Diligence Audit etc

  • 3.Sales Tax / VAT Registration

    sales tax / VAT is the tax paid to government for the sale of certain goods . A dealer is a person who purchases, sells, supplies or distributes the goods in the course of his business for valuable consideration. The sales tax / VAT is generally a fixed percentage for certain types of goods and services from place to place or state to state. Sales tax / VAT is levied in each transaction of sale of product, From Manufacturer to Wholesaler, Wholesaler to Retailer and Retailer to Customer. The dealers whos turnover in respect of purchase and sales exceeds Rs. 10 lakhs have to get them registered mandatorily. Since VAT is a State Act, Registration has to be done separately for each state, if the dealer wants to do trading in the respective state.

    VAT -Value Added Tax (Intra state Trading) -
    When sales and purchase i.e trading of goods and services is done within the state, then VAT is applicable.
    CST - Central Sales Tax (Inter state Trading) -
    When sales or purchases i.e trading of goods or services take place between states, then CST is applicable.

    Document required for Sales Tax / VAT Registration
    Company:

    Self certified - Memorandum of Articles & Articles of Association of company, Certificate of Incorporation
    Self attested copy of PAN of Company
    Bank account details of Company.
    Passport Size Photo-5 Copies for each director
    Copy of Ration Card for each director.
    Self attested copy of PAN of each director
    Copy of Voter Id / Driving License / Passport of each director.
    Copy of Bank Passbook with latest statement of each director.
    Rental Agreement for office premises. if office taken on rent.
    Copy of Corporation Tax Receipt / E.B. Card of the office.

    If All Directors are Foreigners / NRI / other state have to appoint one local person as manager.

    Passport Size photo (5 Copies of Manager).
    Ration Card copy of manager
    Voter Card/ DL /Passport Copy of Manager.
    Bank statement latest of Manager.

    Partnership Firm

    Self certified - Partnership Deed
    Self certified copy of Deed registration Acknowledgement
    Self attested copy of PAN of Firm
    Bank account details of Firm
    Passport Size Photo-5 Copies for each Partners
    Copy of Ration Card for each Partner
    Self attested copy of PAN of each Partner.
    Copy of Voter Id / Driving License / Passport of each Partner.
    Copy of Bank Passbook with latest statement of each Partner
    Rental Agreement for office premises. if office taken on rent.
    Copy of Corporation Tax Receipt / E.B. Card of the office.

    If all the partners are outside state have to appoint on local person as Manager
    Passport Size photo (5 Copies of Manager).
    Ration Card copy of manager
    Voter Card/ DL /Passport Copy of Manager.
    Bank statement latest of Manager.

    Proprietorship
    Self attested copy of PAN of individual
    Bank account details of Individual
    Passport Size Photo-5 Copies.
    Copy of Ration Card
    Copy of Voter Id / Driving License / Passport.
    Rental Agreement for office premises. if office taken on rent.
    Copy of Corporation Tax Receipt / E.B. Card of the office.
    Sale in the course of export [5 (3) of CST Act, 1956] (ie) Sale to Exporters
    Sale to International organizations
    Sale to SEZ

    Compounding System of Tax
    The dealers who do second and subsequent sale in the State. The Act provides tax at a rate of 0.5% as notified by Government for the dealers whose total turnover for a year is less than Rs. 50 lakhs.
    The works contractors may opt to pay at compounded rates at 2% (civil), 4% (others) instead of paying tax at the rate prescribed for the goods involved.
    The hotels, restaurants and sweet stalls may opt to pay tax at compounded rate prescribed in the Act at slab rates where total turnover is not less than Rs.10 lakhs but not more than Rs.50 lakhs. No Input tax credit is allowable to those dealers who have opted for compounded system.

    4.Service Tax Registration

    Service tax is chargeable on taxable work provided by service providers in India. Every taxable service provider is liable to register under service tax when their gross total turnover on services exceeds Rs.9 Lakhs in a financial year. But the Liability of payment of service tax arises only when the gross total turnover of service income exceeds Rs.10 Lakhs. Turnover exemption of Rs.10 Lakhs is only for the first time once the limit crossed; from the next subsequent year's tax liability arise from Re.1

    Rate of service tax:

    Service tax rate is increased from 12% plus education cess to flat 14% effective from 01.06.2015. Service Tax rates are being revised to 14.5% effective 15 November, 2015. This is with regard to an increase of tax by 0.5% as Swachh Bharat Cess.
    Documents Required

    Individual (Proprietor):

    Self Attested copy of PAN Card
    Self attested copy of Address proof
    Address proof of Business, if it is own building (copy Electricity bill or Telephone bill). If it is rented building along with the Electricity Bill, Telephone Bill, Rental Agreement and NOC from the owner.
    Bank Account Details
    Passport size photos of Authorized Partner 5 nos.

    Partnership Firm:

    Self attested copy of PAN of Firm
    Self attested copy of Partnership Deed
    Power of Attorney authorizing any of the partner/ employees of the firm to sign deal and comply with all the elements describe to Service Tax as required under the provisions of Service Tax Rules.
    Self Attested Copy of PAN of Authorized Partner/Employee
    List of Partners of the firm with Address and Contact no.
    Address proof of Business, if it is own building (copy Electricity bill or Telephone bill). If it is rented building along with the Electricity Bill, Telephone Bill, Rental Agreement and NOC from the owner
    Bank Account Details
    Passport size photos of Authorized Partner 5 nos

    Companies:

    Self attested copy of PAN of Firm
    Self attested Copy of Registration Certificate issued by ROC
    Self Attested copy of MOA, AOA
    Extracts of the Board's Resolution authorizing any of the director/members of the company to note, contract and comply with the provisions of the Service Tax Rules.
    List of Directors with Address and Contact no.
    Address proof of Business, if it is own building (copy Electricity bill or Telephone bill). If it is rented building along with the Electricity Bill, Telephone Bill, Rental Agreement and NOC from the owner.
    Bank Account Details
    Passport size photos of Authorized Partner 5 nos.

    Due date for payment of Service tax:

    For Individuals/partnership Firms the due date of payment of service tax is 5th of the following Quarter in which payment has been received, if payment made through online 6th of the following Quarter.
    For others (Companies,etc.,) the due date of payment of service tax was 5th of the following month in which payment has been received, if payment made through online 6th of the following month

    Due date for payment of Service tax:

    Due date for filing the half yearly April to September is 25th October
    Due date for filing the half yearly October to March is 25th April

    Services Exempted from service tax Negative List:

    The negative list shall comprise of the following services, namely:

    Services by Government or a local authority excluding the following services to the extent they are not covered elsewhere
    1.Services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services provided to a person other than Government;
    2.Services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport;
    3.transport of goods or passengers; or
    4.Support services, other than services covered under clauses (a) to (c) above, provided to business entities;
    Services by the Reserve Bank of India;
    Services by a foreign diplomatic mission located in India;
    Services relating to agriculture by way of
    1. Agricultural operations directly related to production of any agricultural produce including cultivation, harvesting, threshing, plant protection or testing;
    2. Supply of farm labour;
    3. processes carried out at an agricultural farm including tending, pruning, cutting, harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting, grading, cooling or bulk packaging and such like operations which do not alter the essential characteristics of agricultural produce but make it only marketable for the primary market;
    4. Renting or leasing of agro machinery or vacant land with or without a structure incidental to its use;
    5. Loading, unloading, packing, storage or warehousing of agricultural produce;
    6. Agricultural extension services;
    7. Services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce;

    Trading of goods;
    Any process amounting to manufacture or production of goods;
    Selling of space for advertisements in print media;
    Service by way of access to a road or a bridge on payment of toll charges;
    Betting, gambling or lottery;
    Admission to entertainment events or access to amusement facilities;
    Transmission or distribution of electricity by an electricity transmission or distribution utility;
    Services by way of

    1. Pre-school education and education up to higher secondary school or equivalent;
    2. Education as a part of a curriculum for obtaining a qualification recognized by any law for the time being in force;
    3. Education as a part of an approved vocational education course;
    Services by way of renting of residential dwelling for use as residence;
    Services by way of
    1. Extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount;
    2. Inter se sale or purchase of foreign currency amongst banks or authorized dealers of foreign exchange or amongst banks and such dealers;

    Service of transportation of passengers, with or without accompanied belongings, by
    1. A stage carriage;
    2. 3 railways in a class other than
    (i) First class; or
    (ii) An air-conditioned coach;
    3. Metro, monorail or tramway;
    4. Inland waterways;
    5. Public transport, other than predominantly for tourism purpose, in a vessel of less than fifteen tone net; and
    6. metered cabs, or auto rickshaws;

    Services by way of transportation of goods

    1. By road except the services of
    (i) A goods transportation agency; or
    (ii) A courier agency;
    2. By an aircraft or a vessel from a place outside India to the first customs station of landing in India; or
    3. By inland waterways;
    Funeral, burial, crematorium or mortuary services including transportation of the deceased.

    5.IE CODE REGISTRATION

    IIMPORTER EXPORTER CODE (IEC) which is a 10 digit unique code provided by the Director General of Foreign Trade, Ministry of Commerce, and Government of India. Any person (whether Individual, Proprietorship firm, Partnership Firm, Private limited Company or any other Entity) intending to make any export out of India or import into India of any goods or services is required to obtain Import Export Code (IEC). Subject to few exemptions specifically available to import or export goods without obtaining Import Export Code (IEC).
    Exemptions from Obtaining IEC

    Importers covered by clause 3(1) [except sub-clauses(e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993
    Ministries /Departments of Central or State Government
    People importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
    People importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25,000. In case of Nathula port, the applicable value ceiling will be Rs. 1,00,000/-
    Note: Exemption from obtaining IEC shall not be applicable for export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET)

    Documents required for IE Code

    Proprietorship

    Passport size photo of proprietor 5 Nos
    Copy of PAN of proprietor
    Copy of(Any one of the documents) Passport /Voter's I-Card/ Driving Licence/Aadhar card of proprietor
    Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; and latest electricity /telephone bill in the name of owner.

    Bank Certificate as per ANF 2A(I) or Cancelled Cheque bearing pre-printed name of applicant and A/C No.

    Partnership firm

    Passport size photo of Managing Partner 5 Nos.
    Copy of PAN card and PAN allotment letter
    Copy of(Any one of the documents) Passport /Voter's I-Card/ Driving Licence/Aadhar card of managing partner.
    Copy of Partnership Deed
    Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; and latest electricity /telephone bill.

    Bank Certificate as per ANF 2A (I)/Cancelled Cheque bearing pre-printed name of the applicant entity and A/C No.
    LLP / Government Undertaking / Public Limited Company / Private Limited Company Section 8 Company
    Passport size photo of Designated Partner/Director of the Company signing the application. 5Nos.
    Copy of PAN card of the applicant entity
    Copy of(Any one of the documents) Passport /Voter's I-Card/ Driving Licence/Aadhar card of the Designated Partner/Director signing the application

    Certificate of incorporation as issued by the RoC
    Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; and latest electricity /telephone bill.

    Bank Certificate as per ANF 2 A(I) or Cancelled Cheque bearing pre-printed name of the company and A/C No .

    Registered Society / Trust

    Passport size photo of the signatory applicant/Secretary or Chief Executive 5Nos.
    Copy of PAN card of the applicant entity.
    Copy of(Any one of the documents) Passport /Voter's I-Card/ Driving Licence/Aadhar card of the Secretary or Chief Executive/

    Managing Trustee signing the application

    Sale deed in case business premise is self-owned; or Rental/Lease Agreement, in case office is rented/ leased; and latest electricity /telephone bill.

    Registration Certificate of the Society / Copy of the Trust Deed
    Bank Certificate as per ANF 2A(I) or Cancelled Cheque bearing pre-printed name of the Registered Society or Trust and A/C No.

    6.MSME (Micro, Medium, Small Enterprises) / SSI ( Small Scale Industries).

    The Entities which are having a prescribed capital investment either in manufacturing or service sector are eligible to register themselves as Micro, Small, Medium Enterprises (MSME / SSI)
    The form of Memorandum is of two parts for registering as SSI unit. Any person who intends to establish a micro, small or medium (MSME / SSI ) enterprise engaged in providing or rendering of services may file or those who want to establish medium enterprise (MSME / SSI ) engaged in the production or manufacture of products shall file EM Part-I of the Entrepreneurs( To be filed before commencement of business)
    If the enterprises start production or start providing or rendering services, they shall file EM Part II. In case of non-filing of Part II of the Entrepreneurs Memorandum within two years of the filing of Part I, the EM Part I filed by the entrepreneur will become invalid.

    Classification of MSME / SSI units

    Manufacturing Enterprises ceiling limit of Micro, Small, Medium ( MSME / SSI)
    Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.25 Lakhs shall come under Micro Enterprise.
    Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.5 Crores shall come under Small Enterprise.
    Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.10 Crores shall come under Medium Enterprise.

    Service Enterprises ceiling limit of Micro, Small, Medium ( MSME / SSI)

    Service Enterprises having the investment in Equipment upto Rs.10 Lakhs shall come under Micro Enterprise.
    Service Enterprises having the investment in Equipment upto Rs.2 Crores shall come under Small Enterprise.
    Service Enterprises having the investment in Equipment upto Rs.5 Crores shall come under Medium Enterprise

    Changes in EM Part II of MSME / SSI

    Change of investment in plant and machinery or in equipment, the enterprises who have already filed EM Part II should inform the District Industries Centre of the same in writing within three month of the change in investment.
    Change of products and that of works or extension in products or services, the enterprises which have already filed Entrepreneurs Memorandum shall tell the District Industries Centre of the same in writing within three months of the change.
    Prior Clearance from Pollution Control Board is Mandatory for the Entities falling under the following category in order to register as MSME / SSI.
    Distillery, Animal and Vegetable Plantations and Processing (Tannery, Sago, Starch), Fertilizers, Paper and Paper Pulp, Chemical Industries, Petroleum Refineries, Textile Processing, Dying and Bleaching, Iron Melting, Electro Plating, Heat Treatment, Refractories, Thermal Power Stations, Cement, Drug and Pharmaceuticals, Paints and Varnishes, Solvent Factories, Pesticides and Insecticides, Asbestos Industries, Foundry, Aromatic Chemicals, Petro Chemical Industries, Man Made Fibre units, Photo Film Manufacturing

    SUBSIDY FOR SSI / MSME.

    Manufacturing sectors which are registered with MSME can avail capital subsidy based on the amount invested and sector in which the investment is made and location of the enterprises. There are certain manufacturing sectors which are cannot avail subsidy irrespective of investment & Location.

    SECTIORS OF ACTIVITIES INELIGIBLE FOR SUBSIDY

    Aluminium smelting, audio cassette recording, azoic/reactive dyes, beedies/cigarettes/cigars/gutka and tobacco based products cadmium cynide, calcium carbide, caustic soda, cement, clock and watch repair shops, coffee roasting and grinding, colour processing units, country bricks, cyanide, distilleries, brewery and malt extraction, fertiliser,fertiliser mixing, fire crackers, fluro carbon gas. Hotels, ice candy making, industries manufacturing and/or utilizing ozone depleting substances, iron and steels smelting, kandasari unit, knitting, mining and quarrying, nylon fibre, photo copying and xerox machines, photo studios, polyester fibre, popcorn, potasium cynide, potassium chloride, potassium gold cyanide, poultry, power laundries, rayon fibre, repacking,of drugs/medicine/chemical,without any processing or value addition, saw mills, slaughter house,sodium cyanide, spinning,sugar, textiles,units utilizing molasses/rectified spirit/denatured spirit as raw material for manufacture of potable alcohol, video cassette recording, weaving, zinc cyanide.

    7.TDS(Tax Deduced at Source)

    TDS is Tax deducted at source. It is the indirect way of collecting tax. It is the tax deducted from the Income at the time of its generation and paid into the government account
    Due date for Payment of TDS:
    Tax deducted from the deductee should be deposited in the Government account within 7th of the following month
    Tax deducted in the month other than March 7th of the following month
    Tax deducted in the month of March 30th April of the next financial year
    Interest on late deduction of TDS at 1% for every month or part of a month and Interest on late payment of TDS after deduction at 1.5% for every month or part of a month.

    8.PAN /TAN
    PAN ( Permanent Account Number)
    Application for allotment of PAN: -

    This application form should be used when the applicant has never applied for a PAN or does not have PAN allotted to him.
    FORM 49A: - To be filled by Indian citizens including those who are located outside India.
    FORM 49AA: - To be filled by foreign citizens.
    Note : Name mentioned in Application form and Name in the Proof of Identity /Proof of Address should match exactly.
    Application for new PAN Card or/and Changes or Corrections in PAN Data: -
    Those who have already obtained the PAN and wish to obtain the new PAN card or want to incorporate some changes / corrections in their PAN data, are required to submit their applications
    for PAN correction.

    TAN

    TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Since last few year ITD has revised the structure of TAN. It is a unique 10 digit alphanumeric code. Accordingly, they have issued TAN in this new format to all existing TAN holders.
    Application for issuance of new TAN (Form 49B)
    This application form should be used when the deductor has never applied for a TAN or does not have a TAN.
    Form for Change or Correction in TAN data for TAN Allotted
    This application form should be used by the deductors in case they want a Change or Correction in data associated with their TAN.

    2009 Powered By Sathyam International

    Scroll To Top
    Scroll To Top