Frequently Asked Questions

GST registration is mandatory for businesses with aggregate turnover exceeding ₹40 lakh for goods (₹20 lakh for services) in a financial year. Also mandatory for inter-state suppliers, e-commerce operators and those under reverse charge, regardless of turnover.

Monthly filers: GSTR-1 due 11th, GSTR-3B due 20th of every month. Quarterly (QRMP) filers in Karnataka (Category I): GSTR-3B due 22nd of the month following quarter end. GSTR-9 annual return due 31st December.

Core registrations: Business registration with MCA, PAN and TAN, GST registration (if turnover exceeds threshold), Shops and Establishments License, PF registration (20+ employees), ESI registration (10+ employees), and Professional Tax. Sector-specific: FSSAI (food), IEC (export/import), FEMA approvals (foreign investment).

IEC (Import Export Code) from DGFT using PAN, Aadhaar, business address proof and bank details; GST registration; business registration; bank account for foreign currency; RCMC from Export Promotion Council; and per-shipment: Shipping Bill, Invoice, Packing List, Certificate of Origin.

For FY 2025-26 (AY 2026-27): Salaried individuals — 31st July 2026. Non-audit business cases — 31st August 2026. Audit cases — 31st October 2026. Belated return can be filed up to 31st December 2026 with a penalty of ₹1,000 to ₹5,000 under Section 234F.

Under Old Tax Regime: Section 80C up to ₹1.5 lakh (PPF, ELSS, NSC, LIC), Section 80CCD(1B) additional ₹50,000 for NPS, Section 80D for health insurance, Section 24(b) for home loan interest. Under New Tax Regime (default FY 2025-26): standard deduction ₹75,000, income up to ₹12 lakh effectively tax-free with rebate under Section 87A.

Advance tax is payable in four instalments: 15% by 15th June, 45% by 15th September, 75% by 15th December, and 100% by 15th March. Applicable for taxpayers with tax liability above ₹10,000 after TDS. Non-payment attracts interest under Sections 234B and 234C.

ITR-1 for salaried individuals up to ₹50 lakh; ITR-2 for capital gains or foreign assets; ITR-3 for business/professional income; ITR-4 for presumptive taxation (44AD/44ADA); ITR-5 for firms and LLPs; ITR-6 for companies.

Step 1: Obtain DSC and DIN. Step 2: Reserve company name via RUN on MCA portal. Step 3: File SPICe+ form with MOA and AOA. Step 4: Receive Certificate of Incorporation with PAN and TAN. Entire process takes 7–10 working days from document submission.

Udyam registration is completely paperless. Only Aadhaar number, PAN (auto-validated), GSTIN if applicable, and bank account number with IFSC are needed. No documents need to be uploaded. Registration is free at udyamregistration.gov.in.

Private Limited Company is best for startups seeking VC/angel funding. LLP is best for professional firms (CA, CS, lawyers, consultants) with lower compliance burden. OPC is for solo entrepreneurs wanting limited liability. The right choice depends on your funding needs, number of founders and long-term goals.

For directors/shareholders: PAN card, Aadhaar, bank statement or utility bill (not older than 2 months), passport photo, email and mobile. For registered office: utility bill and NOC from property owner. Foreign nationals need notarised and apostilled passport copies.

Sai Akash & Associates offers GST compliance, income tax filing, statutory and forensic audit, company registration, virtual CFO services, FEMA and NRI advisory, startup advisory, trademark registration, and payroll services — all available remotely pan-India.

Yes. All services are available fully remotely via WhatsApp, email and secure document sharing. We serve clients across India and in 60+ countries including the USA, UK, UAE, Canada, Singapore and Australia.

CA CS Sai Akash Sansuddi has 6+ years of practice and teaching experience. He holds dual CA and CS qualifications (both cleared in the first attempt), DISA with distinction and FAFD certification from ICAI. He has served 500+ clients across India and internationally.

Monday to Saturday: 9:30 AM to 7:00 PM IST. Closed Sundays and public holidays. For international clients, evening and weekend call slots can be arranged on request.