Our Services

Domestic and International Taxation

Corporate taxation

• Corporate tax return
• Tax audit
• Withholding tax – Retainership & Advisory
• Tax Consultancy and Advisory
• Opinions on various transactions from domestic law to tax treaty viewpoint
• Advising on tax planning opportunities
• Taxation relating Certifications – 15CB, etc.
• Conducting due diligence reviews and Health Check

Litigation

• Representation services for assessments before Income-tax officers
• Appeal Proceedings before CIT(A) as well as Income Tax Appellate Tribunal
• Assistance in appeal proceedings before High Courts and SupremeCourts (Preparation of case, Briefing Counsels)

High Net Worth Individuals

• Review of books of Accounts
• Tax Audit
• Preparation & Computation of Income & Taxes thereon
• Preparation & Submission of ITR
• Advisory on taxation matters

Service tax

• Retainership Service including filing of periodic returns and advisory services
• Consultancy / Advisory Services
• Service Tax Registration / Amendment
• Due Diligence
• Service Tax Health Check
• Support in Relation to Assessments by various Status
• Litigation services as under
  • Assisting the Council for Appeal before High Court/ Supreme Court
  • Assistance in Departmental Service Tax Audit
  • Representation Services up till Tribunal level

Value Added Tax (VAT)

• Retainership service including filing of periodic returns and advisory services
• Consultancy/ Advisory Services in the Domain of VAT, CST, Other Local Taxes
• VAT Audit
• Obtaining VAT and CST Registration/ Amendment
• Issuance of Statutory Forms and Road Permits
• Health Check for VAT/CST
• Support in Relation to VAT, CST & Entry Tax Assessments
• Litigation Services
  • Representation Services up till Tribunal level
  • Assisting the Council for Appeal before High Court/ Supreme CourtOthers
  • Assistance in Departmental Audit

ICDS

Income Computation and Disclosure Standards (ICDS), introduced with effect from 1st April, 2015, constitute one of the significant amendments introduced in the Indian Income-tax legislation. ICDS are applicable for computation of income taxable as ‘Business income’ or ‘Other’ Sources income. These standards provide for some significant departure from Indian Accounting Standards and may lead to material tax implications for taxpayers. In this regard, we provide assistance in examining ICDS having regard to nature of business & transactions of the taxpayers and advising on relevant tax implications.

Transfer Pricing

• Transfer Pricing Analysis
• Selection of the appropriate method
• Benchmarking Analysis
• Issuance of Transfer Pricing Certificate
• Representing Transfer Pricing Cases before Transfer Pricing Officer/ Appellate Authorities

Double Tax Avoidance Advisory

The Double Tax Avoidance Agreements (DTAA) are essentially bilateral agreements entered into between two countries, in our case, between India and another foreign state. We facilitate our client in DTAA Advisory to avoid double taxation based on the nature of Income and expenditure, in both the countries (i.e. Double taxation of same income) and withholding tax issues and other compliance.

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Auditing and Assurance

Stock Audits

Stock Audit is an area of specialization and core competence for RST Advisors. Stocks and physical assets such as raw materials are critical real assets and needs systematized management.

As a large number of companies are operating across the borders through multiple locations and channel partners, making asset management a challenge. We aim at delivering focused services to companies to keep their physical assets check intact.

Statutory Audits

Statutory Audits are conducted to report the state of company’s finances and accounts to the Government of India. The audit report are prepared strictly in accordance with the rules and regulations defined by the Government agencies.

The team is experienced in Statutory Audit having done audits of companies like WNS, Glenmark, Cathay Pacific Airways, Pfizer, MAHYCO and many other companies in their previous firms.

Internal Audits

The end result of an internal audit is no longer limited to focusing on the processes and controls surrounding financial reporting. Internal audit now has a more strategic role. It can create value by identifying enterprise-wide risks, leveraging synergies, monitoring and providing early warning of new risks; and improving processes/ efficiency.

RST Advisors provides a platform to its clients to achieve more from the business by providing internal audit services of highest standard. The team has done internal audits of companies like DHFL, MSCDCL and many more.

Mergers and Acquisitions

With the macro environment gradually moving towards economic resurgence, global investors are targeting high growth Indian companies and equally, Indian companies are exploring growth options overseas. Businesses are today being re-structured to meet a variety of demands of growth, value creation, tax efficiency, fund raising, and succession planning, to name a few.

Our Mergers & Acquisitions Services :

• Corporate Finance
• Transactional Services
• M&A Tax

Risk and Advisory

Risk Advisory is the identification and analysis of risks that influence the accomplishment of an organization’s objectives, and determining the risk management processes. Risk assessment involves determining the operating objectives, systematic identification of activities/ events that could prevent a business unit from achieving its objectives.

Our Risk & Advisory Services :

• Due Diligence
• Process and Analytics
• Financial Compliance
• Forensics

ICFR and IFC Audits

Section 134(5)( e) of the 2013 act requires that in case of listed companies, Directors’ Responsibility Statement should, among other matters, state that directors had laid down internal financial controls and such financial controls are adequate and were operating effectively. Rule 8(5)(viii) of the Companies Rules, 2014 Requires the board report of all companies to state the details in respect of adequacy of internal financial controls with reference to the financial statements. Also, Section 143(3)(i) of the Act requires the auditors’ report to state whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

ICFR therefore is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that :

• Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company.
• Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company.
• Provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

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Book Keeping

Our bookkeeping services aims at cost reduction and cost management for our clients. A specialized team of accounting professionals have been designated to cater customer’s requirements and processes.

Some of the bookkeeping services that we offer are :

• AR/AP services
• Bank account reconciliation
• Invoicing Processing Services
• Manual Journal Entry Services
• General ledger maintenance
• Expenses ledger maintenance
• Preparing ageing reports &summaries Preparing financial statements
• Trial balance services
• Preparing income statements (Profit & Loss)

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Startup Assistance

Most of the startups nowadays are tech based by engineers with hardly any knowledge in the field of commerce.

We take care of the commerce section right from the formation and registration of companies to assistance through the START UP INDIA SCHEME.

Although it is easy to approach funders these days, but we simplify the funding process by doing valuations and showing growth potential in numbers.

Further, our guidance is always there in the fields of taxation and advisory for the startups.

Business Registration

The firm provides services of registraions with various tax authorities and institutions. Be it a business of trading of goods or business of providing services, we can get the business registered under applicable indirect tax authority and get the TIN No. or the Service Tax No. Moreover, the firm also gets the basic income tax registration numbers like PAN and TAN for its clients and guides the new businesses with respect to invoicing and buying.

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Virtual CFO

Virtual CFO is a seasoned finance professional who helps you in running your finance function with his expert advice and hands on involvement. As a virtual CFO, we engage a dedicated resource who shall perform the following activities on regular basis :

• Monitor the compliance of pre-agreed budgets and operating business plan of the Company.
• Reviewing the costs/expenses above the pre-decided threshold level before the payment is made by the Company.
• Supervising the accounts team and Reviewing and presentation of MIS to the equity investors on a periodical basis.
• Assisting in budgeting and forecasting including sensitivity analysis under different market scenarios.
• Assisting on implementing financial processes and controls in conjunction with the client team.
• Reviewing the compliance of direct and indirect tax, companies act matters, ROC filings, etc.

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