- Statutory Audits
The firm conducts Statutory Audits of several Public and Private Corporate clients, which are required to be conducted under the provision of The Companies Act, 1956 and various other statutes
- Internal Audits
The firm undertakes Internal Audits for various corporates, with the object of bringing in efficiency in the functioning of an enterprise as-well-as in reducing costs. The processes are reviewed and the internal control systems are strengthened.
- Bank Audits, Concurrent Audits, Stock Audits, Income Leakage Audits
The firm is extensively involved in conducting of Statutory Bank Branch Audits, Concurrent Audits, Stock Audits, Third Party Audits, Income Leakage Audits, etc. for many Nationalized and Private Sector Banks.
- Tax Audits
The firm conducts Tax Audits as prescribed under the provisions of The Income Tax Act, 1961.
- VAT Audits
The firm conducts Audits as prescribed under the provisions of The VAT rules of various states.
- Comptroller and Auditors General Audits (CAG)
The firm is empanelled with CAG and has conducted Statutory and Tax Audits for various Government Organisations.
- Special/Investigative Audits
The firm conducts Concurrent Audits of Clients on behalf of Nationalised Banks for monitoring their performance.
The firm conducts audits on behalf of the Office of the Official Liquidator in respect of Amalgamation/Merger of companies.
- Tax Compliances
The firm undertakes preparation and filing of Income Tax Returns with the Tax Authorities. It assists the clients in making correct and timely tax payments of dues such as Advance Tax, Self Assessment Tax, etc.
- Appeals, Revisions & Representations
The firm undertakes preparation of written submissions and appearing before the tax and appellate authorities including the Income Tax Appellate Tribunal (ITAT).
- Tax Deduction at Source (TDS) Compliance Services
The firm advises the clients on the correct deduction and payment of taxes at source for various transactions and filing of eTDS of Returns of the Clients. The firm also provides services such as Due diligence of TDS compliance.
- Tax Consultancy / Planning
The firm advises the clients for planning their income tax matters.
- Transfer Pricing
The firm renders advisory services such as pricing strategies and advise on maintenance of accounts for transfer pricing issues and conducts audits for the same.
- International Taxation
The firm advices the clients on International taxation in the area of remittances, Foreign Investments, incorporation of foreign companies, opening of Offices of Foreign entities.
- Goods and Services Tax (GST)
The firm renders the following services for GST:
- GST planning and transaction structuring
The firm takes up the Tax Planning under Service tax as best suited to the organisation with the stress on Input Tax Credit and refund rules.
- Setting up of system for accounting of GST and training
The firm takes up the job of setting up system of Accounting of GST as best suited to the organisation and also conducts customized training of the personnel in acclaimatising the complex GST provisions according to the needs of the clients.
- Advisory Services
The firm gives advisory services and consultancy as per the requirements of the client.
- Representation
The firm undertakes preparation of written submissions and appearing before the tax and appellate authorities.
- GST Audit
The firm conducts statutory GST Audit under GST laws.
- Outsourced Service
The firm undertakes complete outsourced work, which includes assistance in accounting, calculation of GST liability on a monthly/quarterly basis.
- Filing of Returns
The firm advices, supervises and gives necessary guidance in the preparation and filing of periodical return of GST and periodical payment of Taxes.
- Registration
The firm takes up the complete job responsibility of Registration of various States and Union territories of India.
- Professional Tax
The firm renders the following services for Maharashtra Professional Tax:
- Advisory Services
The firm gives advisory services and consultancy as per the requirements of the client.
- Representation
The firm undertakes preparation of written submissions and appearing before the tax authorities.
- Registration
The firm takes up the responsibility of Registering the client's organization under the Professional Tax umbrella.
- Filing of Returns
The firm provides advisory services and guides the clients in preparing and filing the Professional Tax returns.
The firm renders following advisory and compliance related services for corporates:
- Incorporation of Companies.
- Conversion of Companies from Private Limited to Public Limited and vice-versa.
- Change of Name and object clause.
- Preparation and Filing of Statutory Returns.
- Maintenance of Statutory Books including Minutes Books and Registers.
- Filing of Petitions and Appearance before Company Law Board.
- Liquidation and Winding up of companies.
Corporate & Financial Advisory:
- Raising of Resources
The firm advises the clients in raising of resources through Financial Institutions, Banks, etc. It assists in preparation of Information Memorandum and making presentations to the lenders and handholding of the client until the completion of the transaction.
- Restructuring, Merger and Amalgamation
The firm believes that in the current scenario of Privatisation and Globalisation, it is only the fittest who will survive. The firm renders advisory services for Restructuring, Merger and Amalgamation. It assists the client from the stage of identifying the weak areas to the final stage of restructuring.
- India Centric Services
The firm provides services under a single window, wherein all the aspects of setting up business in India are taken care of right from incorporation of Companies, permissions from Reserve Bank of India, obtaining Government Approvals to setting up the business unit in India.
- Assistance to Sick Units
The firm assists the sick companies in filing applications before BIFR, which enables them to get relief and concessions from various government authorities, institutions and bankers.
- Export Import Policy
The firm assists in getting approvals for setting up 100% EOU in India.
- Valuation Services
The firm offers comprehensive equity and business valuation services using sophisticated financial models to assist clients in carrying out M&A Activities, PE Syndication, Divestments, Spin-offs, Financial Restructuring etc for regulatory and other financial purposes. The valuation process is carried out after understanding the business of the client and exercising sound judgment, after taking into consideration various qualitative factors like Market Position of the client, Competition in the Industry, Technology being used by the Client, Brand value of the the Client etc. The valuations arrived upon, are backed by strong assumptions.
The Firm also offers valuation services of Intangible assets like Goodwill and IPRs.
- Due Diligence Services
The firm analyses businesses - on a legal, financial and secretarial basis to ensure that all the policies and procedures followed by the target concern are in accordance with the Rules and Regulations. The Firm then generates a Due Diligence report for its clients. The due diligence process is carried out in relation to Private Placements, Issuance of Securities, Drafting of Prospectus, Offer Letter and other documents. These reports give the client a realistic analysis of the market that the client intends to enter / acquire and helps them in decision-making.
- GMJ advises foreign entities on the entire process of setting up a business in India - from the pre-investment stage to the Business Initiation stage. After analyzing the business needs of the client from the Indian market, the firm advises on what the best entry strategy would be: Liaison Office (also known as: Representative Office) or Branch Office or Project Office or Wholly Owned Subsidiary or through a Joint Venture Partner. The firm guides the clients about the legal and tax implications for taking a strategic decision.
- Besides the above, GMJ & Co also provides specialized services in the following areas to foreign entities:
- Preparation of Business Plan
- Assistance in Entity formation process, including Applications, Registrations, Incorporation etc
- Obtaining approvals of Governmental bodies relating to FEMA & FDI
- Procurement of Human Resources and compliance with Labour Laws
- Real Estate procurement assistance - Locational Assistance to finalization of Agreements
Information Systems Audit:
- The firm conducts information system audits for Banks.
Knowledge Process Outsourcing:
- The firm is well equipped for meeting the expectations of different countries of the World for undertaking high-end services like back office Accounting, Taxation, Financial Analysis and other related work, thus reducing overall costs for the clients. We ensure that the highest standard of ethics, secrecy and confidentiality is maintained.