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In the past, the government introduced the new GST return system and announced that the implementation of the same would take place from 01st April 2020 but in the 39th GST council meeting, they decided to postpone it till 01st October 2020 and will continue with the existing GST return system. For more information please visit https://www.neusourcestartup.com/blog/39th-gst-council-meeting---highlights-and-updates

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A limited liability partnership is a partnership whose liability is limited to the capital invested by each for starting the business. In an LLP the partners are not personally liable with personal property to furnish the firm’s debt or liability. For more details please visit https://www.neusourcestartup.com/blog/limited-liability-partnership-llp-advantageous-or-not

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A company use FORM ADT-1 to give notice to the registrar of companies (ROC) about the appointment of an auditor after the completion of its annual general meeting (AGM). ADT-1 should be filed by each and every company whether it is a public company or private company or listed company or unlisted company. For more information please visit https://www.neusourcestartup.com/blog/filing-of-form-adt-1

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We are Neusourcestartup.com provides you a blog on Procedure for Conversion of LLP into Company. You need to visit this blog and get all the information regarding Conversion of LLP into Company. Please visit https://www.neusourcestartup.com/blog/conversion-of-llp-into-company

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Are you looking for FAQS on Conversion of Limited Liability Partnership into Company? Here is a blog for you on it. If you really want to know about it. You need to visit our blog https://www.neusourcestartup.com/blog/faqs-on-conversion-of-llp-into-company

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Neusourcestartup.com provides you best platform from which you can earn profit with less investment. If you really want to know about it please visit our blog https://www.neusourcestartup.com/blog/ideas-which-help-business-to-earn-profit-with-less-investment

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AdWords provides a number of profits that can expand your overall online marketing efforts. We are Neusourcestartup.com provides a blog on Adwords for you. Please have a look. https://www.neusourcestartup.com/blog/how-adwords-plays-a-keyrole-in-your-online-success

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Do you want to get all the information like:- E-Filing Process, Guidelines. It Return about Income Tax Return Filing? So, Here is a blog for you. You can get all the important information from this blog. Please visit https://www.neusourcestartup.com/blog/income-tax-return-filing--guide--it-returns--e-filing-process

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Clubbing of income defines as Income of other persons includes in assessee’s total income, for example, Income of husband which is shown to be the income of his child is clubbed in the income of Father and is taxable in the hands of the Father. Under the IT Act, a person has to pay taxes on his income. For more information please visit https://www.neusourcestartup.com/blog/clubbing-of-income-under-income-tax-act

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If you want to get more and more leads in minimum time so, you need to know the secrets behind it. Use your own website for generate the leads. Here, we have a blog from where you can get best knowledge regarding lead generation. Please visit our blog and transform your website into a lead generation machine. https://www.neusourcestartup.com/blog/secrets-to-transform-your-website-into-a-lead-generation-machine

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Broad array of services included in Annual ROC compliance for a company

Compliance with rules and regulations forms a very important aspect of functioning for any company. Being compliant builds investor confidence as well as creates a positive image for the customers. At the same time, it keeps the directors and the company away from controversies, notices, penalties and what not. ROC compliance elaborated as a Registrar of Company’s compliance is an integral part of the overall compliance for a company. Availing specialized annual ROC compliance services can help address the following compliance mandates-

·         Director’s compliance

Under the rules and regulations, the directors have several disclosure requirements from time to time with respect to their interest in other companies/partnerships. The directors might have to compile some reports regarding the annual general meetings, decision making, etc. These reports or disclosure forms have a rigid timeline and might have severe consequences during failures. It is difficult for the board of directors to make important decisions, manage businesses and still comply with these rules and regulations. Therefore, including the director’s compliance in the annual ROC compliance service makes a lot of sense.

·         Board and Annual Reports

As the director, there are instances where board reports might be required to file as part of annual ROC filing for the company. Especially after the statutory meetings or major decision-making meetings. Annual reports include different financial and non-financial statements that must be filed at the Registrar’s office, which should ideally be audited as well depending on the threshold. Balance sheets, profit and loss accounts, capital structure, debt, GST forms, TDS forms, etc., are part of the annual reports that could be filed with Registrar of companies.

·         Registrar’s record update

Every company irrespective of threshold or transaction or business must make a statutory business continuity filing with the ROC. This signifies the business is in continuity and has not liquidated. The Registrar’s office might require more statutory information based on business dynamics, transactions, etc. These statutory registrar’s register update is done in a timely manner under the comprehensive annual return filing for firm compliance service.

·         Form AOC4, MGT-7 and more

The annual return filing for the firm includes AOC4 and MGT-7 pre-dominantly. There may be more based on transactions in the given year. Such annual filings shall be done and documented in a timely manner with the appropriate authorities or using e-file.

·         Notice drafting

Every company needs to send out some notices, could be to the investors for annual general meetings, or creditors for clearing dues or to government authorities with requests or notifications. Appropriate language and message clarity are very essential for the best outcome. This service also forms complimentary in the annual ROC compliance, which saves a lot of time for the board members.  

How does everything work?

How do service providers execute all these services and how does everything work eventually? Let’s find out-

·         Fill in a questionnaire appropriately which has general questions about your company, kind of transactions it is into and might get into in the future

·         Submit all the documents for verification and compliance determination. Provide for more documents on request (if required)

·         Filing of all forms and completion of all compliance requisite based on documents submitted

·         Provide for e-receipts or confirmation for documentation purposes

 The Neu Source Startup Minds official the best Business Startup Consultant offer services like Startup Registration, Startup Registration Package , Annual Compliance for LLP Company, Online GST Registration Process, Annual Compliance for Private Limited Company, Income Tax Compliance and Company Startup Packages.

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We are Neusourcestartupminds provides all the important information regarding ISO Registration process in our blog. If you really want to know more about ISO Registration please visit our blog https://www.neusourcestartup.com/blog/iso-registration-process-india

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Do you want to know about New GST Registration Online? So, visit our blog which is based on GST Registration . Online GST Registration is very important for your business. We provide all the information about GST Registration process in this blog. Please have a look. https://www.neusourcestartup.com/blog/new-gst-registration-online

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Trademark is very Important for any business or brand in India. Every type of the business who’s want to secure their brand name and logo of the company, they have to must go for trademark registration . Trademark Registry gives the protection on each brand name with the logo in their respective trademark class. For more information please visit https://www.neusourcestartup.com/blog/trademark-registration-and-benefits

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Do you want to get full information regarding Compliance requirements for a Limited Liability Partnership? So, here is a blog for you form Neusourcestartupminds. Please have a look and get proper knowledge regarding Compliance. Please visit here https://startupconsultantindia.blogspot.com/2020/02/compliance-requirements-for-limited.html

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If you are searching about The Big GST Compliance. Neu Source Startup Minds provides a blog on it. You have to visit https://medium.com/@neusourcestartupminds/the-big-gst-compliance-3e9057a7d739  

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The big GST compliance

GST is one of the compliance requirements that are common for most of the business entity setups. From sole proprietorship to complex company structures, most of the business entities engaging in regular business transactions would be on the radar for GST compliance. What are some of the compliances under GST? Let’s find out-

·         Filing of returns

GST returns unlike many other annual compliance requirements need to be filed every month. This makes compliance tough initially but easy with time. Making accounts and transactions in line with GST regulations will reduce a considerable amount of work to file the GST returns every month. The problem arises with incorrect bookkeeping practices and similar inconsistent practices that may help internally for the business, but are not valid or recognized under the eyes of law/government.

GST compliance requires the filing of monthly, quarterly, half-yearly as well as yearly returns appropriately. This seems a lot of complication, however, the modern GST compliance services provider for a software that can just import your day to day books of accounts and help file monthly GST returns in minutes. Any e-file rejects or issues with GST filing are also addressed in the GST returns services like GSTR3B Filing Update

·         Audit solutions

Under the GST compliance list, an audit is a major ingredient. Audit management can be a tough task for any business even large corporations or small sole proprietors. To understand threshold and realize the audit regulations with the threshold, issue warnings to the owners or board of directors forms an important part of audit management services.

As a regulatory requirement, many business establishments may require hiring a full-time auditor in less than 30 days. While some other establishments have a requirement of an auditor for breaching Rs 2 crore turnover. Apart from these self-audit requirements, GST audit services also include notice management, responding, or resolving notices issued by government bodies. This can be a huge help as payment of the penalty, timely response, or accurate reporting in line with the notice, can help prevent further complications with the compliance agencies.

Things to be considered when selecting GST compliances services

There are several GST compliance service providers in the market today. It might be a complex task to select the right one for your business. A few factors that can be considered for making the right choice can be listed as follows-

·         Software compatibility

The software used by your business to record day to day transactions should ideally be compatible with the service provider’s software. This minimizes a considerable amount of time and effort. This also ensures the import and export take place appropriately and the GST return then generated shall be appropriate as well as free of errors.

·         Inclusion of maximum services

If the business is small, you might well skip the GST audit solutions and opt for a package that is more focused on your business requirements. However, having a service provider which has hosts of tools, service providing ability, updated technology, professionals, etc., tend to provide for consistent and high-quality services.

·         Cost vs Reviews

Finally, remaining compliant is extremely important so is the cost associated with GST compliance services. To manage cost and compliance concerns, it is essential to consider reviews and business stages. If the business is in the initial stage or is looking for rapid expansion, compliance becomes crucial. This is where quality should be given preference over cost. If the initial compliance has been great and the company is looking to stabilize reasonable service providers with good reviews should be a wise option.

The Neu Source Startup Minds official the best Business Startup Consultant offer services like Startup Registration, Startup Registration Package , Annual Compliance for LLP Company, New GST Registration Online, Annual Compliance for Private Limited Company, Income Tax Compliance and Company Startup Packages.