GULIANI

ASSOCIATES PVT. LTD.

THE FINANCIAL EXPERTS
SERVICE BROCHURE
ABOUT US
Guliani Associates is a best and fastest
growing accounting firm in Tricity serving its
customer from 2017 for all kind of accounting
services and have never failed to file taxes on
time. Our biggest strength is our employees
who work really hard to accomplish all the
customer needs.
 SERVICES
• GST REGISTRATION
• INCOME TAX RETURN FILING
• FIRM REGISTRATION
• MSME REGISTRATION
• FOOD LICENSE
• TRADEMARK REGISTRATION
• IMPORT EXPORT LICENSE
• PVT LTD INCORPORATION
OUR SERVICE’S FEES & PROCESS TIME
• GST Registration :- Rs1500 , GST Return :- Rs 1000 per month (Upto
50 bills) - 7 Working Days
• IT Return :- Single income – Rs 500, More than one income – Rs
1000, Balance sheet extra charges – Rs 500 – Same day
• 1. Proprietorship Firm Registration / F&B Form / Shop act Registration
– Rs 2000 - 7 Working Days
2. Partnership Firm Registration – Rs 4000 – 15-20 Working days
• MSME Registration / Udyam / Udyog – Rs 500 – 3 Working days
• 1. Basic/Normal Food License – Rs 1200 for 2 years, Govt fees – Rs
200 for 2 years - 7 Working Days(same)
2. State Food License – Rs 4000 for 1yr, Govt Fees-2000 (Retail)
Rs 5000 for 1yr, Govt Fees-3000 (Manufacture)
3. Central Food License - Rs 12000 (for 1 years), Govt fees-Rs 7500
• Trademark Registration – Rs 7000, Govt fees - Rs 4500 – Same day –
Approval takes upto 6 months
• Import export License – Rs 2000, Govt fees – Rs 500 – 3 Days
• Pvt Ltd incorporation – Rs 22,000, Govt fees – Rs 10,500 – 10 Days
 WHY CHOOSE
GULIANI ASSOCIATES?
• We Provide Door to Door Services to our clients.
• Already serving more than 2000 clients a year.
• We provide best customer assistance.
• We provide Maximum Refund to our clients for
filing ITRs.
• Clients get free consultation and assistance from
professionals.
• Clients save more money and more time that
they can invest in his own business or job.
GST-GOODS & SERVICES TAX
GST, or Goods and Services Tax, is an indirect tax
imposed on the supply of goods and services
When GST Registration is required?
• When turnover exceed 20 Lacs in case of services.
• When turnover exceed 40 Lacs in case of
Trading/Retail/supply.
• When interstate supply takes place.
• Export of services.
• For taking business loans.
GST-GOODS & SERVICES TAX
What are the benefits of GST Registration?
• Eligible to collect GST from customer and adjust with
input tax credit.
• Eligible to do E-Commerce business.
• Beneficial in taking business loans.
• Eligible to do interstate supply.
• ITC refund in some cases.
• Eligible to apply for govt/Private tenders.
• Can deal in B2B Business.
• Increases reputation.
GST-GOODS & SERVICES TAX
What are the documents required for GST
Registration ?
1. Aadhaar Card
2. PAN Card
3. Rent agreement (If property not owned)
4. Electricity Bill(If property owned)
5. Passport size photo
6. Shop Photos (Inside & Outside of the shop)
7. Firm name & Full address.
8. Nature & Name of Business.
Types of GST
1. Regular Scheme :-
• Returns to be filled on monthly basis.
• Interstate supply is allowed.
• Two Return to be filled on monthly basis that is GSTR1 & GST3B.
• GSTR1-Detailed Sale data is uploaded.
• GST3B-Sale Purchase consolidated data is uploaded
• Difference between tax at time of purchase and at time of sale will
be paid by the customer.
• How to calculate GST.
=GST Collected on sale – (GST paid on purchase + GST
paid on business expenses)
Note:- If Value comes in positive then tax is payable, If Value comes
in negative then you have advance tax in your ledger which can be
used in next month.
Types of GST
2. Composition Scheme :-
• Returns to be filled on Quarterly basis.
• Interstate supply not allowed.
• Not allowed to collect State Food License GST from
Customer.
• 1% is payable on trading & retail.
• 6% payable on service sector.
• No adjustment of Taxes on purchase and Expense.

Note:- All restaurants, Dhabas, Food services, Taxi services,

Tour & travel has to pay 5% GST on sale (No matter they
choose any GST scheme). These sectors don’t get any benefit
of ITC(Input tax credit).
WHICH GST SCHEME TO BE OPTED
• Who needs to do Interstate supply should choose
Regular scheme.
• If your purchases are very low then opt for
Composition scheme if purchases high then opt for
Regular scheme.
• Who wants to do B2B (Business to Business) should
opt for Regular Scheme.
• Who wants to apply for Govt Tenders should opt for
Regular scheme.
 INCOME TAX RETURN
• Income tax return:- It is an income proof. Tax is
applicable when income increase more than 5 lacs.
• Deductions in income tax:- Benefits of deduction
can be taken to save your taxes . There are
different types of deductions available under
income tax.
• Types of income tax returns:- ITR 1, ITR 2, ITR3,
ITR 4, ITR 5, ITR 6, ITR 7.
• Types of income:- Agriculture, salary, business,
other sources, capital gain, Rental income.
INCOME TAX RETURN
Benefits of IT return :-
1. Saves you from income tax notice.
2. Easier to take loans.
3. Helpful in getting a visa.
4. It is a valid Income proof.
5. Claim TDS Refund.
Documents for IT RETURN
• Income tax return (Business):-
1. Aadhaar, Pan card.
2. Bank statement of previous year (1april-31march) of
current and saving account.
3. In case of low transaction :- Account No. and IFSC
code is sufficient.
• Income tax return (Salaried):-
1. Aadhaar, Pan card.
2. Form-16 (if Salary is above 5 Lakhs per annum)
3. Bank Statement – Not mandatory (previous financial
year) In case of low transaction :- Account No. and
IFSC code is sufficient.
Documents for IT RETURN
• Income tax return (Agriculture):-
1. J-Form or Annual income from agriculture.
3. How many acres of land?.
4. Aadhaar, Pan card.
• Income tax return (Interest income):-
1. Interest certificate required from Deposits i.e. FD,
RD, PPF etc.
2. Aadhaar, Pan card.
• Income tax return (House property):-
1. Annual rent received from all properties.
2. Aadhaar, Pan card.
INCOME TAX RETURN FORMS
How to calculate income tax
-As per Old regime
• Income - 2.5 Lacs to 5 Lacs – 5%
• Income – 5 Lacs to 10 Lacs – 20%
• Income – 10 Lacs to 50 Lacs – 30% + 4% Education
cess.
• Income 50 Lacs to 1cr – 30% + 4% Education cess +
Surcharge 10% of income tax.
• Income more than 1cr – 30% + 4% Education cess +
Surcharge 15% of income tax.
How to calculate income tax
-As per New regime

• Income - 2.5 Lacs to 5 Lacs – 5%

• Income – 5 Lacs to 7.5 Lacs – 10%
• Income – 7.5 Lacs to 10 Lacs – 15%
• Income – 10 Lacs to 12.5 Lacs – 20% + 4% Education
cess
• Income – 12.5 Lacs to 15 Lacs – 25% + 4% Education
cess
• Income – 15 Lacs to 50 Lacs – 30% + 4% Education cess

Note:- No Deduction is allowed under the new tax regime

How to calculate income tax
-As per New regime

• Income – 50 Lacs to 1 Cr – 30% + 10% surcharge of

income + 4% Education cess
• Income – 1 Cr to 2 Cr – 30% + 15% surcharge of income +
4% Education cess
• Income – 2 Cr to 5 Cr – 30% + 25% surcharge of income +
4% Education cess
• Income – More than 5 Cr – 30% + 37% surcharge of
income + 4% Education cess

Note:- No Deduction is allowed under the new tax regime

Deductions under Income tax
• ATC - Investment made in PPF, EPF, LIC, Principal
repayment of housing loan, Tution fees, Sukanya smriddhi
yojana (Maximum deduction allowed under ATC is 1.5 lacs).
• Section 80CCD - Investment made in National pension
scheme (Maximum deduction allowed 50,000).
• Section 80 TTA – Maximum Rs 10,000 Deduction allowed
coming form saving interest.
• Section 80 TTB – Maximum Rs 50,000 Deduction allowed
coming form Deposits interest (only for senior citizens).
• Section80G – Donations to any NGO, Trust, Non profit
organization.(No Limit)
• Section 80GG - House rent allowance maximum 60000
Deductions under Income tax
• Section 80E - Deduction for Interest on Education Loan for
Higher Studies.(No limit).
• Section 80D - A deduction of Rs. 25,000 can be claimed for
health insurance of self, spouse and dependent children.
• Section 80DD - Deduction for Rehabilitation of
Handicapped Dependent Relative (Maximum can be
claimed 125000).
• Section 80DDB - Deduction for Medical Expenditure on
Self or Dependent Relative ((Maximum can be claimed
40,000 & Senior Citizen-60,000 & Super senior-80,000).
• Section 80U - Deduction for Person suffering from Physical
Disability.
TDS-TAX DEDUCTED AT SOURCE
TDS :- It is a tax deducted at source. It is normally deducted on
salary, interest from Fixed Deposits, payment made to contractors,
foreign fees deposits, Car purchase more than 10 Lakhs etc.
Salaried person cannot deduct TDS for making any payment to
anyone.
Payer to deduct the TDS only if the turnover of the payer is above 1
crore. There are many cases where TDS is deducted but 4 cases
are listed below:-
1. Salary:- TDS deducted as per income tax slab rates.
2. Professional staff:- If payment is more than 30k/year than Payer
will deduct 10% from the payment.
3. Contract:- If payment is more than 1 lakh/year or a single
payment is more than 30k than payer will deduct 1% from the
payment.
4. Rent:- If Payment is more than 2.4 Lakhs/year than Payer will
deduct 10% from the payment.(TDS to be deducted monthly).
FIRM REGISTRATION
It is an registration of a firm. Firm registration to be done
when you a start a new business. It is mandatory for all
the shops and commercial establishments to register
under shop act. It is also mandatory to open current
account.

Types of registration:-
1. Proprietorship Firm – It is registered under shop act
establishment act. It is a single owner firm.
2. Partnership Firm – When a firm is run by more than
1 person.
DOCUMENTS FOR PROPRIETORSHIP
FIRM REGISTRATION
1. Aadhaar Card
2. PAN Card
3. Rent agreement (If property not owned)
4. Electricity Bill(If property owned)
5. Shop Photos (Inner & Outside of the shop)
6. Passport size photo & Signature
7. Firm name and address
8. Nature & Name of Business.
9. Mobile number and email id
DOCUMENTS FOR PARTNERSHIP
FIRM REGISTRATION
1. Every document in registering proprietorship firm.
2. Partnership Deed
3. Firm Pan Card
4. Form No.1 duly signed by all the partners
MSME REGISTRATION
It is an additional proof of registration of a firm/Company.
This registration is mandatory to apply for govt tenders and
for business loans. Different department has been made for
people registered under MSME incase of any dispute
between seller and buyer. No govt fees to register firm.
DOCUMENTS FOR MSME
REGISTRATION
1. Aadhaar Card
2. PAN Card
3. Bank Details- Account No. & IFSC code
4. Firm name and address
5. Mobile number and email id
 FOOD LICENSE
FSSAI- Food safety and standard authority of India. It is
mandatory for all the food vending establishments . i.e. Dhaba ,
restaurants and food manufacturing units.
There are 3 types of Food License.

• Basic Food License – For T.O. less than 12 Lakh

• State Food License – For T.O. between 12 Lakh - 20 crore
• Central Food License – For T.O. above 20 crores
 DOCUMENTS FOR FOOD
LICENSE
1. Aadhaar Card
2. PAN Card
3. Rent agreement (If property not owned)
4. Electricity Bill (If property owned)
5. Passport size photo & Signature
6. Firm name and address
7. Mobile number and email id
TRADEMARK REGISTRATION
It is a brand name registration so that the brand name can
not be used by other company or person. Logo is also
registered under the registration.
What are the documents required for Trademark
Registration ?
1. Aadhaar Card (Incase of individual is buying trademark)
2. GST/MSME/FIRM proof (incase of Firm/Company is
buying trademark)
3. 100Rs stamp paper
IMPORT EXPORT LICENSE
This License is mandatory if any export of goods or
services is to be made to foreign countries.
What are the documents required for Import Export
License?
1. Aadhaar Card & PAN card
2. Bank statement or Cancel cheque
3. Rent agreement or Electricity Bill
4. Firm name & address
PVT LTD INCORPORATION
It is a type of registration where share holding take place and
where people can buy shares of your company. Minimum 2
directors are required.
What are the documents required for Pvt Ltd
incorporation?
1. Aadhaar Card & PAN card of all the directors.
2. Bank statement of all directors.
3. Electricity Bill and rent agreement.
4. Passport size photograph of all the directors.
5. Director's signature
6. Premises photos (Non Mandatory)
FAQs
1. What is the fees of your services?
2. What is the slab for null ITR?
3. GST return monthly fees?
4. Who requires GST registration?
5. Documents required for GST?
6. Documents required for Income tax return?
7. Documents required for MSME?
8. What will be my income tax, if my income is 6 lacs?
9.