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🏥 Accounting Services

Accounting Services – Registration, Compliance & Legal Support

Empowering Businesses with Accurate Books, Legal Compliance, and Financial Control Accounting is the backbone of every successful business. Proper books of accounts not only help track income and expenses but also ensure legal compliance under Income Tax Act, GST Law, Companies Act, and various Labour and Financial Regulations.

At Tax Craft Services, we offer end-to-end accounting services, from setting up books and GST-compliant billing systems to periodic reporting, audits, statutory filings, and handling scrutiny or legal notices.

1. Legal Framework Governing Business Accounting
Law / Regulation Compliance Requirement
Income Tax Act, 1961 Books required u/s 44AA, tax audits u/s 44AB
Goods & Services Tax (GST) Invoice generation, monthly GSTR filing, purchase register
Companies Act, 2013 Double-entry bookkeeping, annual balance sheet, audit & ROC filing
LLP Act, 2008 Statement of Account & Solvency, Income Tax & ROC filings
Partnership Act, 1932 Maintenance of Profit & Loss A/c and Capital Accounts
Banking & Loan Rules Ledger, cash flow, fund usage statements for CC/OD/term loans
2. Documents Required to Start Accounting Services
To maintain and support accounting operations, we require the following:
  • Business PAN and Aadhaar
  • GST Certificate (if applicable)
  • Partnership Deed / Incorporation Certificate
  • Access to bank statements (CSV or PDF)
  • Sales and purchase invoices
  • Expense bills (rent, electricity, salaries, etc.)
  • Opening balance sheet (if migrating from old books)
  • Loan or asset documents (if applicable)
3. Accounting Compliance – Monthly, Quarterly & Annual
A. Monthly / Regular Activities
  • Recording of sales, purchases, and expenses
  • Preparation of GST-compliant invoices
  • Maintenance of cash book and petty cash
  • Bank reconciliation and ledger management
  • Tracking receivables and payables
B. Quarterly / Half-Yearly Activities
  • TDS computation and payment
  • Filing of GST returns – GSTR-1, GSTR-3B
  • Input Tax Credit (ITC) reconciliation
  • Stock verification and inventory summary
  • Loan repayment and interest ledger maintenance
C. Annual Accounting Compliance
  • Preparation of Final Accounts – Balance Sheet, P&L
  • Income Tax computation and filing
  • Tax Audit and Form 3CD (if applicable)
  • GST Annual Return & Reconciliation (GSTR-9 & 9C)
  • ROC Filing for Companies and LLPs
  • Support in statutory and internal audits
4. Risks of Improper or Non-Accounting
Non-Compliance Consequences
Not maintaining proper books ₹25,000 penalty u/s 271A of IT Act
Wrong GST reporting Notices, penalty, and ITC reversal
TDS not accounted or deposited Penalty + interest + prosecution
Bank finance rejection Due to poor or missing financials
Wrong ROC / MCA filings Late fees, disqualification, audit orders
5. Our Step-by-Step Accounting Services

We offer customizable, accurate, and legally compliant accounting solutions for all types of businesses:

A. Bookkeeping & Data Entry
  • Creating chart of accounts (ledger structure)
  • Daily/weekly/monthly entry of sales, purchases, expenses
  • Data organization in Tally / Busy / Zoho Books / Excel
  • MIS Reports – Cash flow, Debtor reports, Profit analysis
B. GST & Tax-Linked Accounting
  • Invoice matching and reconciliation
  • Proper ITC accounting with rule-based allocation
  • Tracking TDS / TCS deductions & payments
  • Quarterly and annual tax liability calculation
  • GST and Income Tax return-ready books
C. Financial Statement Preparation
  • Profit & Loss Statement
  • Balance Sheet with Schedules
  • Cash Flow Statement
  • Trial Balance & General Ledger Summary
  • Depreciation & Fixed Asset Registers
D. Bank, Loan & CC Limit Accounting
  • Bank reconciliation with passbooks
  • Loan ledger creation – principal & interest split
  • Projected financials for bank proposals
  • Fund utilization and margin money tracking
  • CMA data preparation for credit support
E. Audit & Legal Support
  • Preparing audit-ready records
  • Supporting Chartered Accountant for Tax & Statutory Audits
  • Responding to Income Tax/GST/ROC notices
  • Filing rectification, appeal or clarification letters
  • Liaising with departments during scrutiny or surveys
Who Should Avail Our Accounting Services?
  • Small Traders & Wholesalers
  • Retail Shops, Medical Stores
  • MSME Manufacturers
  • Hospitals, Clinics, and Service Providers
  • Contractors and Labour Supply Agencies
  • Educational Institutions
  • Startups and Freelancers
Why Choose Tax Craft Services?
  • 25+ Years of Accounting & Compliance Experience
  • Customized Bookkeeping Based on Business Type
  • GST, TDS, Income Tax & ROC Filing-Ready Books
  • Affordable Monthly Plans with On-Call Support
  • Multi-Language Support – Kannada, Hindi, English
Professional Accounting that Protects and Grows Your Business

Focus on your business while we keep your accounts clean, compliant, and audit-ready.

  • Email: info@taxcraftservices.com
  • WhatsApp: +91-97405 21003
  • Website: www.taxcraftservices.com