02
Accounting, Tax (GST, IT)
Books closed monthly, returns filed on the statutory date, input credit reconciled while it can still be recovered.
16
Obligations tracked
9
Statutory forms
0
Things you do
What this covers
Most early-stage companies do not have an accounting problem in March. They have an eleven-month problem that becomes visible in March. Bank statements were never reconciled, vendor invoices were never matched, and the person doing the books has never spoken to the person doing GST.
We close your books every month and file everything that runs off them. Bank reconciled, ledgers reviewed, expenses classified consistently, a short management report in your hands - and the same numbers flowing into GSTR-1, GSTR-3B, your TDS returns and eventually your ITR.
GST is the most unforgiving item on the calendar because it is monthly and because it is arithmetic. The reconciliation between what you claim and what your vendors actually filed is where the money is. Found in month one it is usually recoverable; found at annual return time it usually is not.
The calendar
Every obligation, with dates.
| What it is | Form | When | Who it applies to |
|---|---|---|---|
| Monthly close | - | By the 10th of the following month | Every client |
| Bank reconciliation | - | Monthly | Every client |
| Management reports | - | Monthly | Every client |
| Year-end financials for audit | - | By 31 Jul | Every company |
| Outward supplies | GSTR-1 | 11th monthly | Above the QRMP threshold |
| Summary return and payment | GSTR-3B | 20th monthly | Every registered person |
| Input credit reconciliation | GSTR-2B | Monthly | Every registered person |
| Annual GST return | GSTR-9 | 31 Dec | Above the prescribed turnover |
| Reconciliation statement | GSTR-9C | 31 Dec | Above the audit threshold |
| GST registration and amendments | REG-01 / REG-14 | As required | New registrations, detail changes |
| TDS deposit | Challan 281 | 7th monthly | Any deductor |
| TDS return - vendors | 26Q | Quarterly | Vendor and contractor payments |
| TDS certificates | Form 16A | After each quarterly return | Every deductee |
| Advance tax | - | 15 Jun / Sep / Dec / Mar | Where liability exceeds the threshold |
| Company income tax return | ITR-6 | 31 Oct | Every company |
| Tax audit report | 3CA / 3CD | 30 Sep | Above the audit threshold |
Monthly close
Form · -
When · By the 10th of the following month
Every client
Bank reconciliation
Form · -
When · Monthly
Every client
Management reports
Form · -
When · Monthly
Every client
Year-end financials for audit
Form · -
When · By 31 Jul
Every company
Outward supplies
Form · GSTR-1
When · 11th monthly
Above the QRMP threshold
Summary return and payment
Form · GSTR-3B
When · 20th monthly
Every registered person
Input credit reconciliation
Form · GSTR-2B
When · Monthly
Every registered person
Annual GST return
Form · GSTR-9
When · 31 Dec
Above the prescribed turnover
Reconciliation statement
Form · GSTR-9C
When · 31 Dec
Above the audit threshold
GST registration and amendments
Form · REG-01 / REG-14
When · As required
New registrations, detail changes
TDS deposit
Form · Challan 281
When · 7th monthly
Any deductor
TDS return - vendors
Form · 26Q
When · Quarterly
Vendor and contractor payments
TDS certificates
Form · Form 16A
When · After each quarterly return
Every deductee
Advance tax
Form · -
When · 15 Jun / Sep / Dec / Mar
Where liability exceeds the threshold
Company income tax return
Form · ITR-6
When · 31 Oct
Every company
Tax audit report
Form · 3CA / 3CD
When · 30 Sep
Above the audit threshold
Our side
What we do.
- Full-cycle bookkeeping in Tally or Zoho Books
- Monthly bank reconciliation across all accounts
- Consistent expense classification against a chart of accounts built for your business
- Monthly management reports - profit and loss, cash position, burn
- Fixed asset register and depreciation
- Year-end financials prepared for your auditor
- File GSTR-1 and GSTR-3B every month
- Reconcile GSTR-2B monthly and flag every mismatch
- Chase non-filing vendors before the credit lapses
- File GSTR-9 and GSTR-9C where applicable
- Draft and file replies to GST notices
- Compute, deposit and report TDS on vendor payments
- File 26Q and issue Form 16A
- Compute advance tax and remind you before each instalment
- Prepare and file the company return and coordinate the tax audit
If you miss it
Late GST filing carries a daily late fee per return per registration plus interest, and persistent default can suspend the registration - a suspended GSTIN means you cannot raise a compliant invoice. Late TDS deposit carries monthly interest from the date of deduction, and the expense itself can be disallowed in your own tax computation, meaning you pay tax on money you already paid out.
CGST Act, 2017 · Sections 47 and 50 · Income-tax Act, 1961 · Sections 201(1A), 234E and 40(a)(ia)
Process
How it runs.
- 01
We connect
Bank feeds, invoicing system, and your existing Tally or Zoho file. If you have no system yet, we set one up.
- 02
We close, then file
By the 10th the previous month is closed. GST, TDS and advance tax all run off those same closed books.
- 03
We reconcile before deadlines, not after
GSTR-2B matched every month. You see mismatches while there is still time to fix them.
Questions founders ask
Yes. We rebuild the ledgers in Tally or Zoho from your bank statements and invoices. The first month takes longer; after that it is routine.
No, deliberately. Your statutory auditor should be independent of whoever keeps your books. We prepare everything they need and work with the auditor you appoint.
We identify it in the month it happens, quantify it, and give you the vendor list with a draft message. Caught early it is usually recoverable.
Additional state registrations are quoted on top of the base fee, because each is a separate set of monthly returns.
Depends on your turnover and your customers' credit timing. We will model both and recommend one - it is not automatically cheaper.
That sits under Labour Law along with PF, ESI and professional tax. Both are in the same monthly fee.
Related
Compliance you do not have to think about.
Tell us your CIN and what you are worried about. We will tell you exactly what applies to your company.
Every filing under this service is reviewed and signed by a practising Company Secretary or Chartered Accountant engaged on your account.