Business Compliance

Importance of Black Money Act 2015

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Source: Importance of Black Money Act 2015

The importance of the Black Money Act 2015 is based on its capabilities to bring unaccounted foreign assets and income under strict compliance. It ensures that there will be no evasions pertaining to taxes and also helps India adhere to global reporting standards. It becomes imperative for businesses and entities to be in strict compliance with the provisions contained within the above-mentioned act. SKMC Global helps businesses remain on the correct side of law compliance.

PESO Certification

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Source: PESO Certification

PESO Certification is essential for businesses dealing with petroleum, gas, pressure vessels, valves, cylinders, and explosive materials, ensuring that all equipment meets India’s strict safety and compliance standards. It helps prevent operational risks, ensures safe storage and handling, and is mandatory for manufacturing, importing, and industrial usage. SKMC Global supports companies by preparing precise technical documentation, managing test reports, ensuring IS compliance.

GSTR-9C: Reconciliation Statement

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Source: GSTR-9C: Reconciliation Statement

GSTR-9C serves as a crucial reconciliation statement that aligns a company’s audited financials with its annual GST returns, ensuring accuracy, transparency, and compliance for larger businesses. It helps identify mismatches, incorrect ITC claims, and reporting gaps that may impact audits. SKMC Global supports businesses with detailed data reconciliation, vendor compliance review, documentation accuracy, and end-to-end coordination with auditors, ensuring smooth and error-free GSTR-9C filing.

Income Tax Scrutiny Assessments

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Source: Income Tax Scrutiny Assessments

Income Tax Scrutiny Assessments involve a detailed review by tax authorities to verify the accuracy of income, deductions, and tax payments declared by taxpayers. They ensure compliance, detect evasion, and promote transparency in financial reporting. SKMC Global helps businesses efficiently manage scrutiny cases through expert documentation, response drafting, and representation before authorities. With professional support, companies can reduce risks, avoid penalties.