GST, Income Tax, and Legal Compliance​ -

GST, Income Tax, and Legal Compliance: Ensuring Financial & Regulatory Clarity for Your Business

At AK Legal Mantra, we offer expert legal and tax advisory services for all matters related to GST, Income Tax, and Business Legal Compliance. Whether you’re a business owner, entrepreneur, freelancer, or professional, staying compliant with taxation and regulatory norms is essential to avoid penalties, maintain credibility, and grow sustainably.

What Are GST, Income Tax & Legal Compliance?

These are the pillars of your financial and regulatory obligations:

  • Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services. Businesses must register under GST and file returns regularly.
  • Income Tax is a direct tax on the income of individuals and businesses.
  • Legal Compliance includes fulfilling requirements under various laws such as the Companies Act, Labour Laws, FEMA, and other statutory regulations.

These legal and financial duties ensure your business operates transparently, avoids legal trouble, and remains tax-efficient.

Key Legal Areas in GST, Income Tax & Compliance

1. GST Registration & Return Filing
Any business with a turnover above the threshold limit must register for GST.
At AK Legal Mantra, we assist with:
New GST registration
Monthly/Quarterly GST returns (GSTR-1, GSTR-3B, etc.)
GST cancellations and amendments
Input Tax Credit (ITC) reconciliation

2. Income Tax Filing for Individuals & Firms
From salaried individuals to business entities, accurate tax filing is a must.
We offer:
ITR filing for individuals, HUFs, firms, LLPs, and companies
Tax planning and advisory
Form 16 and TDS reconciliations
Advance tax calculation and filing

3. Tax Audits & Assessments
Tax audits are required for businesses that cross prescribed turnover limits.
We provide:
Audit assistance under Income Tax Act
Handling of income tax notices and assessments
Representation before tax authorities

4. TDS Compliance & Filing
Tax Deducted at Source (TDS) must be correctly deducted, paid, and reported.
Our services include:
TDS registration
Quarterly TDS return filing (Form 24Q, 26Q, etc.)
TDS on salaries, contractors, rent, interest, etc.

5. ROC Annual Filing & MCA Compliance
Companies and LLPs must comply with Registrar of Companies (ROC) requirements.
We help you with:
Filing of AOC-4, MGT-7, and DIR-3 KYC
Maintaining statutory registers
Minutes and board resolutions
Compliance under the Companies Act, 2013

6. Business Structuring & Licenses
Legal structure affects taxation, liability, and operations.
We guide you through:
Choosing the right entity (Proprietorship, LLP, Pvt Ltd, etc.)
Trade licenses, MSME registration, IEC code
PAN, TAN, and Professional Tax registration

7. Legal Drafting & Advisory
Legal documentation is key to protecting interests and avoiding disputes.
We offer:
Drafting of legal agreements, contracts, NDAs
Notices, replies, and demand letters
Regulatory compliance advisory

Why Financial & Legal Compliance Matters

  • Avoid penalties and prosecution
  • Maintain legal standing and business credibility
  • Enable funding, tenders, and partnerships
  • Ensure smooth audits and inspections
  • Gain financial transparency and control

Non-compliance can lead to heavy fines, frozen bank accounts, or loss of business opportunities.

How AK Legal Mantra Can Help

  • We offer a one-stop solution for all your tax and legal needs:
  • GST registration and return filing
  • Income tax filing and audit assistance
  • TDS, advance tax, and 26AS reconciliation
  • ROC annual filings and MCA compliance
  • Legal structuring, licenses, and advisory
  • Representation before GST, IT, and ROC authorities

Whether you’re starting up, scaling, or facing a compliance issue, we’re here to help you stay compliant, tax-efficient, and legally secure.

FAQs

  1. Is GST registration mandatory for all businesses?
    Only if your turnover exceeds the prescribed limit (₹20–40 lakhs depending on the state), or you deal in interstate or online sales.
  2. Can I file my income tax return after the deadline?
    Yes, but a late fee and interest may apply. It’s better to file on time to avoid penalties.
  3. What happens if I miss TDS filing?
    You may face penalties and interest. Continued default can attract prosecution.
  4. What is ROC annual filing?
    Every company/LLP must file annual returns and financial statements with the Registrar of Companies under the Companies Act.
  5. Can AK Legal Mantra handle both tax and legal compliance?
    Absolutely. We provide integrated legal + tax compliance services to simplify all your business obligations.