Forward-thinking
By staying ahead of emerging trends, we provide forward-thinking solutions that equip you to navigate modern challenges with confidence.
Customization & Personalization
By this approach, we tailor our services to meet the specific requirements of each client and ensure that they are aligned with their goals and industry demands.
Agile and Responsive Delivery
We pride ourselves on agility and responsiveness, ensuring that clients receive prompt communication, timely results, and flexibility in engagement models.
At GBS, we understand the evolving landscape of the legal industry. With the aim to revolutionize legal services, we offer innovative, cost-effective and efficient solutions that meet the needs of today's demands. Our team of legal experts and technology enthusiasts collaborate to deliver exceptional results, combining legal expertise with cutting-edge technology. We partnered with General Counsels, CXOs, CFOs and Law firms to transform, simplify and automate legal workflows.
- Alternate-legal
- Para-legal
Why choose us?
Whatever your business nature, ordinary or difficult, we will be happy to serve you. Tell us your needs and get assistance from our experts.
Privacy
Rest assured that your sensitive information is handled with utmost confidentiality and protected by robust security measures.
Advanced technology
Stay ahead with our technology-driven solutions that simplify complex legal processes and enhance efficiency.
Proven Track Record
We have a track record of successfully delivering outstanding results for our diverse clientele across industries.
Client-Centric Approach
We prioritize your needs, providing personalized attention and tailored solutions to achieve your objectives.
Our comprehensive range of services
Firm Registration
Domain Registration
Digital Signatures
License Generation
Regulatory Approvals
IP Protection
e-Documentary & Drafting
Assessment Modernization
Search Report Analysis
Business Credibility Ratings
Landscape Planning (Entry/Exit)
Transactions
HR & Payroll
ESI, EPF
ESOP, SAR
TCS, TDS
Income Tax (ITR) Filing
GST Counselling
Due Diligence
Transaction Monitoring
Merger & Acquisitions
Convertible & SAFE Notes
Secretarial Practice
Corporate Governance
Cost Accounting
Balance Sheet Preparation
Annual Filings
Board Meeting
ESG & CSR Reports
Project Appraisals & Valuations
Appointment/Re-appointments of Director/Shareholders
General Investigations
Corporate Law
Business & Consumer Law
International Law
Labor & Employment Law
Infringement Disputes
Web & Cyber Law
Immigration Law
Policy Formulae
Strategic Advisory
Cross-boarder Cooperation
Ministerial Resolution Passing
Would it be possible to schedule a brief call or meeting to discuss this potential collaboration further?
Explore how we can create a synergistic relationship that benefits both our organizations and, most importantly, our clients.
Please feel free to reach out to us at the below-mentioned mode (footer line).
Our Skills
You’ve pored over your customers’ input. You’ve fleshed out your idea – and it’s taking real form! You know it satisfied a real need in your market, and you’ve decided you can build it. So what’s next?
The following essential data should be collected for individuals, self-employed individuals, and businesses in terms of ITR, GST & ROC Filings.
(A) For Individuals:
Personal Information:
- Full name
- Permanent Account Number (PAN)
- Aadhaar card number
- Contact details (address, phone number, email)
Income Details:
- Salary income (Form 16 from employer)
- Income from house property
- Income from other sources (interest, dividends, etc.)
- Capital gains (if any)
- Any other income (rental income, freelance income, etc.)
Deductions and Exemptions:
- Investment details under Section 80C (e.g., Provident Fund, Life Insurance Premium, etc.)
- Medical insurance premium (Section 80D)
- Home loan interest (Section 24)
- Donations (Section 80G)
- Any other eligible deductions or exemptions
Bank and Financial Details:
- Bank account details (account numbers, IFSC codes)
- Details of fixed deposits, savings accounts, and other investments
- Details of loans, mortgages, or other liabilities
(B) For Self-Employed Individuals and Businesses (in addition to the ‘A’):
Business Details:
- Business name and type (proprietorship, partnership, LLP, etc.)
- Business registration documents (PAN, GSTIN, etc.)
- Business address and contact details
- Nature of business activities
Business Income and Expenses:
- Sales and revenue details
- Purchase and expenses records
- Inventory details
- Business-related receipts and invoices
GST (Goods and Services Tax):
- GST registration details (GSTIN)
- Sales and purchase invoices
- GST returns (GSTR-1, GSTR-3B, etc.)
- Input tax credit details
ROC (Registrar of Companies) Compliances:
- Business registration documents (COI, MOA, AOA, etc.)
- Annual financial statements (Balance Sheet, P&L Statement)
- Annual return filing (Form MGT-7)
Other Relevant Documents:
- Rental income details (if applicable)
- Loan and interest certificates
- Investment statements (mutual funds, stocks, etc.)
- Property ownership details
NOTE: It’s important to note that the specific requirements may vary depending on the individual’s or business’s circumstances, income sources, and applicable laws and regulations. It is advisable to consult with a tax professional or accountant for accurate and comprehensive guidance tailored to your specific situation.
General information regarding annual filing deadlines and penalties in India for the financial year 2022-2023:
Income Tax Return (ITR):
- For individuals and non-audit cases: The due date for filing ITR is usually July 31st of the assessment year (e.g., July 31, 2023, for the financial year 2022-2023). However, this deadline can be extended by the government.
- For businesses and individuals requiring audit: The due date is typically September 30th of the assessment year.
Penalty for Late Filing:
- If the ITR is not filed within the due date, a late filing fee or penalty may be imposed. The penalty amount varies based on the taxpayer’s income and the delay period. It is usually higher if the return is filed after the end of the assessment year.
Goods and Services Tax (GST):
- GST returns are filed monthly, quarterly, or annually, depending on the turnover and registration type.
- The due date for monthly and quarterly returns (GSTR-3B and GSTR-1) is generally the 20th of the following month.
- The due date for the annual return (GSTR-9) is usually December 31st of the following financial year.
Penalty for Late Filing:
- A late fee is charged for each day of delay in filing GST returns. The late fee is usually Rs. 50 per day for CGST and SGST, totaling Rs. 100 per day.
ROC Compliance:
- Annual financial statements (Balance Sheet and Profit & Loss Statement) and annual return (Form MGT-7) are filed with the ROC.
- The due date for filing annual financial statements is typically within 30 days from the date of the Annual General Meeting (AGM).
- The due date for filing the annual return is usually within 60 days from the date of the AGM.
Penalty for Late Filing:
- Late filing of ROC compliance documents may attract penalties. The penalty amount can vary depending on the duration of the delay and the specific non-compliance.
