Audit & Assurance
While certain audits such as statutory audits and income tax audits are mandatory for certain entities, an objective audit exercise carried out in its true spirit can spark a change revolution in the audited organisation. Our core area of practice is audit & assurance services and our growth over the years can be ascribed chiefly to our technical expertise, inspired thinking, professionalism and integrity, which continues to inspire confidence in our heterogenous clientele.
Our portfolio of audit & assurance services include:
- Statutory audits
- Audits under tax laws
- Internal audits
- Compliance reviews
- Special purpose investigations
- Information system audit
- Review of other GAAP / IFRS adjustments
Corporate Advisory
The choice of the type of entity is the first decision an entrepreneur makes after he or she decides to go into business. GJA supports entrepreneurs and overseas businesses get that decision right so that he or she will not pay for a mistake for years to come. We provide incorporation and also ongoing compliance services. It is also common for businesses to prefer setting up an SEZ unit due to its tax advantages. GJA has been providing SEZ approval and compliance services for the last three decades from the time of SEZs’ previous avatar, Export Processing Zones. Our corporate advisory services include:
- Foreign exchange laws advisory
- Secretarial compliance and support services
- Company law procedures, including incorporation of companies and LLPs
- Assistance in obtaining Special Economic Zone (SEZ) approvals and ongoing compliances
Taxation
Taxation in India is far from simple, it is constantly evolving with a steady stream of amendments, notifications and circulars, not to mention everchanging interpretations as a result of thousands of appeals before the courts and tax tribunals. It is not uncommon for the best laid business strategies to collapse with a single tax notification. Such changes are far from painless, requiring constantly improving strategies to ensure businesses and transactions are compliant, but tax efficient. At GJA, we have years of experience dealing with income tax and indirect taxes such as service tax and goods & services tax (GST) and our range of services starts from preparation and filing of returns to interpretation of international tax treaties. We provide representational services to our clients before the adjudicating and appellate authorities and also before the tax tribunals. Specifically, our services include:
- Direct tax advisory services (corporates, individual and other entities)
- Indirect tax advisory services (service tax and GST)
- Handling of assessments, appeals and enquiry proceedings
- Transfer pricing reports
- Interpretation and opinions on Double Taxation Avoidance Agreements
- Withholding tax issues
- Tax impact analysis on restructuring and location placement
- Entry strategies for overseas businesses
Transaction
The birth of our firm can be traced to project consultancy and credit syndication services with which our founder, George Joseph set up his practice in 1988. Over the years, these services have evolved to valuations and business modelling, due diligence reviews and most recently, advisory on the newly enacted Insolvency & Bankruptcy Code. Our transactions services include:
- Project consultancy including preparation of detailed project reports
- Capital structuring advisory, especially for start-ups
- Financial and tax due diligence reviews
- Valuation services
- Business modelling services
- Advisory services on the Insolvency & Bankruptcy Code
Outsourcing
As businesses become more competitive and the compliance landscape becomes more complex, the need of the hour is for businesses to focus on their core expertise and leave non-core areas such as accounting, payroll, taxation and compliance to the professionals. At GJA, we provide customised packages with end-to-end solutions as we acknowledge that each client is unique and prefers as many services as possible under one roof. The following are some of the key areas which we outsource for our clients:
- Accounting including invoicing and processing of vendor invoices
- Payroll including basic tax advice for employees
- Taxation including filings, remittance of taxes and liaisoning with the authorities
- Labour compliances such as provident fund, employee state insurance, profession tax, etc.
- Company law and foreign exchange compliances
- MIS reports
- Treasury management
