Domestic Tax Services:
Income Tax & GST
PARAMA & Co delivers comprehensive income tax and GST compliance, advisory and litigation services for companies operating in India.
Strong track record of representation before Assessing Officers, CIT(A), ITAT and GST authorities for leading clients and foreign subsidiaries in India since 1985.
Our Services
Domestic Tax Services
Tax Advisory & Structuring
Tax-efficient structuring of business transactions. Income tax, GST and indirect taxes. Advice based on latest regulations and judicial precedents.
Tax Compliance
Income tax returns, GST returns (GSTR-1, 3B, 9, 9C), TDS returns, advance tax, GST input credit reconciliation, ISD registration, GST refunds.
Shared Finance Manager
Embedded finance support for foreign subsidiaries: accounting, bookkeeping, AP/AR and all monthly tax compliances - without the cost of a full-time CFO.
GST Advisory
GST applicability, ITC eligibility, reverse charge, e-invoicing compliance, GST refund claims and GST impact on cross-border transactions.
Tax Audit
Statutory tax audit under Section 44AB. Form 3CA/3CB/3CD preparation and timely filing.
Tax Litigation & Representation
Representation before Assessing Officers, CIT(A), ITAT and GST appellate authorities. Appeals drafting and alternative dispute resolution.
Tax Due Diligence
Income tax, GST and indirect tax exposure identification for acquisitions. Financial statement impact assessment.
Engagement Model
Domestic tax services are available on a retainer basis (monthly fee covering compliance and advisory) or as a project-based engagement for specific mandates such as tax audits, due diligence or dispute representation.
Reference
Key GST Compliance
Deadlines
Important monthly and annual GST filing deadlines. PARAMA & Co manages all return filings and reconciliations as part of our compliance retainer.
Monthly - 11th
GSTR-1
Outward supply return. Monthly for turnover above Rs.5Cr; quarterly (QRMP) for others.
Monthly - 20th
GSTR-3B
Summary return with tax payment. Monthly for turnover above Rs.5Cr; quarterly for QRMP taxpayers.
Annual - 31 Dec
GSTR-9
Annual GST return for all regular taxpayers (turnover above Rs.2Cr).
Annual - 31 Dec
GSTR-9C
GST reconciliation statement and certification for taxpayers with turnover above Rs.5Cr.
Reference
Key Income Tax Compliance
Important monthly and annual GST filing deadlines. PARAMA & Co manages all return filings and reconciliations as part of our compliance retainer.
Advance Tax
TDS Returns
Corporate Income Tax Return
Filing of SFT
Withholding Tax Compliance
Transfer Pricing Compliance
FAQs
Domestic Tax FAQs
What is the corporate tax rate in India for a foreign subsidiary?
22% plus surcharge and cess (effective approximately 25.17%) under Section 115BAA. New manufacturing companies can avail a lower rate of 15% (effective approximately 17.01%) under Section 115BAB. PARAMA & Co advises on the optimal tax regime for your entity.
Is GST registration mandatory for a foreign subsidiary in India?
Yes, if annual turnover exceeds Rs.20 lakh (Rs.10 lakh in special category states), or if making inter-state supplies regardless of turnover. E-commerce sellers and specified service providers require mandatory registration regardless of turnover.
Does PARAMA & Co represent clients in tax disputes?
Yes - before Assessing Officers, CIT(A), ITAT and GST appellate authorities. We have handled litigation for leading Indian clients and foreign subsidiaries across multiple industries.
What is e-invoicing and does it apply to our company?
E-invoicing (electronic invoice reporting to the GST Network portal) is now mandatory for businesses with turnover above Rs.5 crore in any preceding financial year. PARAMA & Co helps with e-invoicing setup, integration and ongoing compliance.
Tax Compliance, Done Right.
Partner-led team. Monthly compliance calendar. No missed deadlines.