Audit tax & accounting
- Karan Gupta
- karangupta@spcnc.com
Karan leads the TRICS division at SPC, bringing over 15 years of expertise in Risk, Technology & Integrity Consulting. He has extensive experience in implementing and consulting for ERP, CRM, HRIS, ISMS, EPS, DMS, and PMS. With skills in Risk Management, SOP Development, Fraud Risk Framework, and Anti-Money Laundering, Karan and the Technology team deliver comprehensive business strategy and technology implementation advisory to SPC clients.
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DUE DILIGENCE & QofE
Ensure accuracy, compliance, and strategic insight in every valuation report with our comprehensive valuation services. Our expert valuation practitioners assess business interests, tangible and intangible assets, financial instruments, and securities to support mergers, acquisitions, financial reporting, taxation, insolvency, and dispute resolution.
Asset Valuation
Assessing real estate, industrial assets, machinery, and special assets to determine fair market value for transactions, financing, and reporting.
Compliance Valuation
Conducting valuations in line with IND AS, FEMA, SEBI income tax, and Companies Act requirements to ensure financial and regulatory compliance.
Business Valuation
Evaluating business interests, purchase price allocation, fairness opinions, impairment testing, and shared-based payment valuations to guide strategic decisions.
Insolvency Valuation
Providing fair, liquidation, and realizable valuations, as well as inspection reports and TEV studies, to support corporate restructuring and insolvency proceedings.
OUTSOURCED ACCOUNTING SERVICES
At SPC, our Outsourcing Accounting Services leverage the integration of accounting expertise, advanced technology, and automation to optimize financial operations for businesses.
With a team of seasoned professionals, we deliver comprehensive solutions ranging from bookkeeping and financial reporting to tax preparation and compliance.
Assurance
and Risk
Due
Diligence
Client Accounting Services
Data
Analytics
Tax Returns Preparation and Review
Outsourcing US/ Canadian Tax Services
Tax Returns outsourcing (Corporate and Personal)
Transfer
Pricing
Learning and Development
Governance
Framework
Global Staffing Solutions & PEO
Technology
TAX RETURN PREPARATION
The SPC Tax team offers a full spectrum of specialized tax services from managing tax matters akin to an in-house tax team to independent business advisory, business structuring, assistance in tax compliances, and litigation and representation support. Our services are aimed at supporting businesses in running efficiently and effectively, with strong accountability and governance.
Tax Compliances
- Filing of Income-tax returns and TDS returns
- Withholding Tax Advisory and issuing requisite certificate
- Obtaining various certificate from Income Tax department
- Compliances under gratuity, superannuation, andother such Acts.
Domestic Tax Advisory
- All areas of taxation: Personal Tax, Corporate Tax.
- Suggesting legal structure of business entities.
- Transactional advisory – optimal deal structure.
- Tax Due Diligence
- Family Settlements, Estate Planning
- Advising clients on establishment of Tax Management System.
- Conducting Diagnostic Study to ensure full tax benefits of various incentive provisions availed.
Mergers & Acquisitions Tax Services
- We can help you with the groundwork of preparing for a merger or acquisition.
- Identifying and managing tax risks.
- Tax structuring to help you complete the transaction efficiently.
- Negotiating effectively
- Help you consider the impact of your fund structure & options for underlying investments.
Representations & Litigation
- Representation for tax assessment and appeals
- Representing foreign companies before Authority for Advance Ruling (AAR).
- Handling litigation at High Court and Supreme Court level.
- Handling prosecution matters
- Representation before CBDT
Taxation Services for Foreign Portfolio Investors (FPI)
- Provides advisory services (including advising on structuring investments in India in a tax-efficient manner)
- Day-to-Day accounting of cash segment transactions.
- Compliance services.
- Representation before tax and regulatory authorities.
Goods & Services Tax
Implementation of GST is a breakthrough moment resulting in a much-needed overhaul of the indirect tax ecosystem in India. At SPC we offers specialized tax services, assistance and support. Our services are aimed at supporting businesses in running efficiently and effectively, with strong accountability and governance.
Review Existing Policies
- Desktop review of filed GST returns and their alignment with books of accounts.
- Compliance review, including GST law amendments
- Assessment of Input Tax Credit claims
- Sample-based examination of GST documentation (invoices, debit/credit notes, etc.)
- Evaluation of internal controls for tax quantification and compliance.
- Advisory on process improvements from a GST perspective.
GST Audit
- GST audit under Section 35(5) of the CGST Act, 2017.
- Review of books of accounts for GST applicability on transactions.
- Reconciliation of GST returns with audited financials.
- Sample-based compliance check on documentation
- Management feedback on identified issues
- Preparation of audit report with required schedules and reconciliation statements.
Review & Advisory
- Assistance in computation of monthly GST liability and tax credit including liability arising under reverse charge
- Review of outward details to be reported in GTSR 1 and GSTR 2 (outward and Inward supplies)
- Any other assistance and opinions related to indirect tax matters and tax advisory.
- Verification of HSN Code
- Analysis of Anti-Profiteering
Compliances
- Assisting with the preparation and submission of monthly returns
- Monthly review of invoices, credit notes, debit notes, export invoices, bill of supply on a sample basis
- Assessment of Input Tax Credit claims
- Assistance with preparation and filing of annual return
- As requested by the client, assistance with ASP/GSP.
Representation Services
- Preparation of documents for assessments and notices.
- Assistance in GST/VAT/Service Tax assessments and representations.
- Support for departmental GST audits.
- Ongoing litigation support for tax notices and summons.
- Assistance in seeking advance ruling.
Others
- Revenue Reconciliation between Form GSTR-3B and GSTR-1
- Input Tax Credit Reconciliation between GSTR-3B and GSTR 2A
- Assistance in obtaining Refunds & Duty Credit scrips under Service Exports from India Scheme (SEIS)
We remain cognizant of international developments that may affect your business, both globally and locally, so that you can develop and implement cross-border strategies, such as acquiring, restructuring, expanding, or divesting, comply with and respond to inquiries from tax authorities abroad, and manage your global structural tax rate.
Transfer Pricing
Customs and International Trade
U.S. Inbound Services
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