Tax Advisory — Income Tax and GST
Income tax and GST affect individuals, professionals, businesses, trusts and non-residents in different ways. Chirde and Associates, Chartered Accountants, assists with compliance and planning under the income tax and GST laws as in force, from return filing to replies to departmental notices. Rules, forms and due dates are amended from time to time, and we work from the position in force at the time of each filing.
Income tax and GST work
- Income tax returnsPreparation and e-filing of returns for individuals, HUFs, firms, LLPs, companies and trusts, including computation of total income.
- Tax planning within the lawReviewing income, investments and expenditure to identify deductions, exemptions and structures that the law permits.
- TDS and TCS complianceDeduction, deposit, quarterly statements and certificates, and correction of defaults shown on TRACES.
- Assessments, notices and appealsReplies to notices, intimations and scrutiny queries; drafting and filing appeals before the Commissioner (Appeals) or Joint Commissioner (Appeals) and, where required, the Income Tax Appellate Tribunal.
- NRI taxation and capital gainsResidential status, DTAA relief and TDS-related filings for non-residents, and computation of gains on shares, mutual funds, property and other assets.
- GST registrationApplication for new registration, amendments to registration particulars, and cancellation where applicable.
- GST returns and annual returnPreparation and filing of GSTR-1, GSTR-3B and other periodic returns, and of GSTR-9 and, where applicable, GSTR-9C, with reconciliation to the books of account.
- Input tax credit reconciliationReviewing supplier invoices on the Invoice Management System (IMS), matching purchase records with GSTR-2B and GSTR-2A, and identifying credit that is at risk or yet to be claimed.
- E-invoicing and e-way billsGuidance on applicability, set-up of the process, and support with generating invoices and e-way bills.
- GST notices, audits and refundsReplies to scrutiny and show-cause notices, support for departmental audits, preparation of refund applications with supporting documents, and appeals before the Appellate Authority and the GST Appellate Tribunal.
References to sections are to the Income-tax Act, 1961 and, where applicable, the corresponding provisions of the Income-tax Act, 2025. Please verify the provision that applies to your year.
How an assignment proceeds
Gather information
You share income details, Form 16, Form 26AS or AIS (or the corresponding forms under the Income-tax Act, 2025), bank statements and investment proofs; for GST, sales, purchase and expense records in the agreed format.
Review and reconcile
We reconcile the documents with your books and, for GST, with the portal, determine the applicable provisions and prepare the computation of income and tax.
Confirm and file
The computation or return is shared with you for confirmation before filing on the relevant portal. We then verify the acknowledgement and e-verification status.
Follow up
We monitor notices, intimations, refunds and portal mismatches, and inform you of action that appears to be required, ahead of the due date where possible.
Taxpayers this service covers
- Salaried individuals with income from other sources or capital gains
- Business owners and professionals, including those under presumptive taxation
- Non-resident Indians with income or assets in India
- Firms, LLPs and companies that need annual tax filings
- Traders, manufacturers and service providers registered or planning to register under GST
- Exporters, and taxpayers using e-invoicing or e-way bills
- Persons who have received a notice, intimation or demand order from a tax department
Frequently asked questions
Who is required to file an income tax return?
As a general rule, a person whose total income exceeds the basic exemption limit must file a return, and certain categories must file irrespective of income, for example companies and firms, or persons meeting specified conditions such as holding foreign assets. Limits and conditions change, so please verify against current law; we can help you check your own position.
What should I do if I receive a tax notice?
Do not ignore it. Note the section under which it is issued, the period concerned, the date of issue and the response date, and check the same on your e-filing or GST portal account. Share the notice and the related documents with us so that a reply can be prepared within the time allowed.
What is the difference between tax planning and tax evasion?
Tax planning means organising your affairs using deductions, exemptions and options that the law provides. Tax evasion means concealing income or furnishing false information, which is an offence. We assist only with the former.
Who needs to register under GST?
Registration is generally required when aggregate turnover crosses the threshold prescribed for the state and type of supply, and certain persons must register irrespective of turnover, for example some inter-state suppliers and e-commerce operators. Thresholds are changed by notification, so please verify against current law.
What is the difference between GSTR-1 and GSTR-3B?
GSTR-1 reports details of outward supplies made during the period. GSTR-3B is a summary return in which tax liability is declared, input tax credit is claimed and tax is paid.
Why do input tax credit mismatches occur?
Common reasons include a supplier not filing a return or not reporting an invoice, differences in invoice number, date or amount, timing differences between months, and credit blocked under the law. Regular reconciliation with GSTR-2B helps to detect these early.
Discuss an income tax or GST requirement
To discuss an income tax or GST requirement, write to us at [email protected] or visit our Nagpur or Yavatmal office.