Compliance Review

The tightening of norms from regulators has created a demanding regulatory environment globally. This places a greater emphasis on company boards to ensure 100% compliance and risk management.

Compliance Management issues faced by companies vary from a lack of clarity & difficulty comprehending completeness of compliance to limitations arising out of the Internal Audit team unable to spare time for it. The Internal Audit team is usually busy responding to other urgent matters such as Scrutiny Assessment, Filing of Returns, GST, among others.

The type of compliances covered, include:

  • Direct Taxes (Income Tax filing)
  • Indirect Taxes (Excise, Customs, Service Tax, VAT, Entertainment Tax et al)
  • Corporate Laws (Companies Act, FEMA)
  • Employee Benefit Laws (ESI, PF, Bonus, Gratuity, et al)
  • Industry-specific Laws (STPI, SEZ, RERA, Environmental regulations et al)
  • Others (Shop & Establishment)

GKM has an experienced and technically adept team of Chartered Accountants, Certified Public Accountants, CISA / DISAs, Cost Accountants, Company Secretaries, Management Graduates, and Legal Professionals across verticals with the necessary competence to handle compliance review matters.

GKM can help you design a comprehensive compliance framework and perform detailed assessment, review and audit. In addition, through our Allied Support Services model, we can assist in managing the operations with maximum efficiency. This includes

  • On the basis of the nature and size of the business, review and list out various compliances applicable
  • Review completeness of documentation pertaining to the applicable compliances
  • Verify the claim and utilization of tax credit available under various regulations
  • Verify returns filed under applicable laws & statutes
  • Suggest various measures to improve compliance management

This exercise frees up valuable management time &resources to focus instead on strategic development initiatives.

Reach out to us to discuss on your questions regarding NRI taxation, business setup in India / USA, GST returns filing, transfer pricing or any other questions.

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