Composition Scheme
Composition Scheme Cost
Our pricing is 100% transparent. Private Limited Company is the most popular legal business entity in India
Professional Fees (Service) | 3,706.00 |
Company Name Search | Free |
Consultancy on Registration and Name Availability | Free |
GST Registration (Optional) | Free |
1 DSC | 1,000.00 |
Government Fees | 1,300.00 |
Stamp Duty | 1,510.00 |
Documents Notarization Cost | 500.00 |
PAN and TAN Fees | 170.00 |
Goods & Service Tax | 813.00 |
Total Cost | 8,999.00 |
* The above mentioned government fee has been calculated on minimum contribution of Rs.100000
* Stamp duty may vary state to state
Price Breakdown Documents Required Timelines
Get information by Email
Documents Required for LLP Annual Compliance
Annual Return of LLP
Statutory Auditor Appointment Letter, if applicable
Statement of Account & Solvency of LLP
Any other relevant documents requested by the Registrar of Companies (ROC)
Statement of Account & Solvency of LLP
Why Choose lineup tax for Composition Scheme?
Lineup Tax for managing your GST Composition Scheme offers several key benefits that ensure simplicity, compliance, and efficiency for small businesses. Here are compelling reasons to select Lineup Tax for your Composition Scheme needs:
Expert Knowledge and Guidance: Lineup Tax employs a team of seasoned tax professionals who possess extensive knowledge of GST regulations and the Composition Scheme. Their expertise ensures that you fully understand the benefits and obligations of the scheme, helping you make informed decisions that are best for your business.
Simplified Compliance: The Composition Scheme is designed to reduce the compliance burden for small businesses. Lineup Tax further simplifies this process by handling all aspects of your GST compliance, from registration under the scheme to quarterly filings and annual returns. This allows you to focus on running your business without worrying about the complexities of GST compliance.
Accurate Record-Keeping: Accurate and meticulous record-keeping is crucial for businesses under the Composition Scheme. Lineup Tax ensures that all your financial transactions are correctly recorded and maintained. This accuracy is vital for quarterly returns and annual filings, reducing the risk of errors and potential penalties.
Timely Filings: Ensuring timely submission of quarterly returns and annual filings is critical to avoid penalties. Lineup Tax guarantees that all your filings are submitted on time, adhering to the deadlines set by the GST authorities. This punctuality helps maintain your business’s compliance status and avoids late fees.
Personalized Support: Lineup Tax offers personalized support tailored to the specific needs of businesses under the Composition Scheme. Their team is readily available to answer any queries, provide guidance, and resolve issues promptly. This dedicated support ensures a smooth and hassle-free experience for you.
Cost-Effective Solutions: Lineup Tax provides competitively priced services, making professional GST compliance assistance affordable for small businesses. Their transparent pricing model ensures you understand the costs upfront, with no hidden fees, allowing for better financial planning and budgeting.
Proactive Updates: GST laws and regulations can change frequently. Lineup Tax stays updated with the latest changes and ensures that your business remains compliant with current requirements. Their proactive approach helps you stay ahead of regulatory changes and avoid non-compliance issues.
Peace of Mind: By choosing Lineup Tax, you can have peace of mind knowing that your GST compliance is handled by experts. This assurance allows you to concentrate on growing your business, knowing that your tax obligations are in capable hands.
Audit Preparedness: Lineup Tax ensures that all your records are well-maintained and compliant, preparing you for any potential audits by tax authorities. Their thorough documentation and compliance focus provide confidence in handling any scrutiny from tax officials.
In summary, choosing Lineup Tax for managing your GST Composition Scheme ensures expert guidance, simplified compliance, accurate record-keeping, timely filings, and personalized support. Their cost-effective solutions, proactive updates, and audit preparedness make them the ideal partner for small businesses looking to streamline their GST compliance under the Composition Scheme
FAQs
Especially favourable compliment but thoroughly unreserved saw she themselves.
The deadline for filing an individual income tax return in the United States is typically April 15th of each year. If April 15th falls on a weekend or a holiday, the deadline may be extended to the next business day. Taxpayers can request an extension to file until October 15th, but any taxes owed are still due by April 15th to avoid penalties and interest.
Generally, you need to file an income tax return if your income is above a certain threshold, which varies based on your filing status, age, and type of income. The IRS provides guidelines each year in Publication 501. Factors such as self-employment income, special taxes owed, or advance payments of the Premium Tax Credit may also require you to file.
You should keep records that support items on your tax return, such as income statements (W-2s, 1099s), expense receipts, bank statements, and records of any property sales. The IRS generally recommends keeping these records for at least three years from the date you filed your original return, or two years from the date you paid the tax, whichever is later. However, you should keep records for seven years if you file a claim for a loss from worthless securities or bad debt deduction.
Failure to comply with tax filing requirements can result in several penalties. The failure-to-file penalty is typically 5% of the unpaid taxes for each month or part of a month that a tax return is late, up to a maximum of 25%. The failure-to-pay penalty is 0.5% of the unpaid taxes for each month or part of a month the taxes remain unpaid, also up to a maximum of 25%. Additional interest on unpaid taxes can also accrue.
You can check the status of your tax refund using the IRS’s “Where’s My Refund?” tool available on the IRS website, or via the IRS2Go mobile app. You will need your Social Security number or ITIN, your filing status, and the exact refund amount. The tool is updated once every 24 hours, typically overnight.
If you receive a notice from the IRS, read it carefully to understand why it was sent and what steps you need to take. The notice will provide instructions on how to respond. It is important to respond promptly to avoid further issues. If you disagree with the notice, you can contact the IRS using the phone number provided on the notice or consult with a tax professional for assistance. Keep a copy of all correspondence with the IRS for your records.