Consultants & Service Firms
Whether you are a solo consultant, a boutique advisory firm, or a large professional services partnership, your compliance needs are distinct. We understand the nuances of service-based taxation in India.
Key Compliance Challenges
TDS on Professional Fees
Clients deduct TDS under Section 194J (10%) on your invoices. Tracking deductions across dozens of clients, matching TDS credits in Form 26AS/AIS, and filing quarterly TDS returns for your own sub-contractors creates a constant reconciliation burden.
Professional Tax Across States
Professional tax rules vary by state - different slabs, different due dates, different forms. Firms with employees or partners in multiple states must register and file separately in each jurisdiction, often with minimal automation available.
GST on Services & Place of Supply
Determining place of supply for consulting services, handling export invoices with LUT/bond, and managing GST on reimbursable expenses are common pain points. Incorrect place-of-supply determination can lead to IGST vs CGST/SGST disputes.
Partnership & LLP Taxation
Partnership firms face unique challenges: salary and interest deductions under Section 40(b), remuneration caps, partner capital account maintenance, and the interplay between firm-level and individual partner taxation require careful structuring.
Our Services for Service Firms
TDS Compliance & Credit Tracking
We handle end-to-end TDS - filing quarterly returns (24Q, 26Q), issuing Form 16/16A to your vendors, and reconciling TDS credits from your clients against Form 26AS and AIS. We ensure no credit is lost and resolve mismatches with deductors proactively.
GST for Service Businesses
From registration and monthly return filing to LUT applications for export of services, we manage your entire GST lifecycle. We advise on place of supply, handle reverse charge on imported services, and ensure your invoices meet all GST formatting requirements.
Partnership & LLP Structuring
We advise on optimal partner remuneration structures within Section 40(b) limits, prepare partnership deeds and supplementary agreements, maintain partner capital accounts, and handle firm-level ITR filing (ITR-5) along with individual partner returns.
Freelancer & Consultant Setup
For independent consultants and freelancers, we advise on the best entity structure (proprietorship vs LLP vs private limited), set up presumptive taxation under Section 44ADA where eligible, handle advance tax calculations, and manage GST registration thresholds.
Focus on your clients, not your compliance
Book a consultation to discuss your firm's tax structure, TDS management, and GST obligations.
Book a Discovery Call →