Start Up Advisory

Management accounting helps you make informed decisions in your business. Every small business needs Management Accounting. Imagine having an accountant with real world experience analyze and “translate” your financial and non-financial data every month so you can make informed business decisions. Our teams of Management Accountants focus on looking forward (instead of backwards at historical data). We work with you on planning, budgeting and forecasting. Each month, we provide you with accurate, up-to-date financial reports. We also meet with you monthly to review the data, flag any areas of concern and discuss improvement strategies to keep you and your business on track.

We recognize every business is different. Our team of experts can customize a package that works for your business. Pick and choose what you need. We build a solution that suits your business.

Our services include

• Setting up Cost Accounting Systems
• Calculation of Cost of Goods Manufactured/Sold
• Setting up overhead allocation systems
• Reconciliation between cost and financial profits/Loss Accounts
• Commercial quotations
• Product/Service wise analysis of costs and ascertainment of profitability

Finance & Accounting Services

Our Specialized Accounting Services
Stars Groups believes in understanding customers' exact needs and developing a customized solution that best suits their diverse business needs.

Our Services include
General Accounting and Bookkeeping Services - Day-to-day bookkeeping and preparation of monthly/ quarterly accounts. Our experts utilize popular Bookkeeping and Accounting Software platforms like Tally, QuickBooks, Intuit, etc. to ensure data correctness and faster results.

Preparation of Financial Statements - Preparation of annual accounts for the statutory annual audit.

Our services include :

• Financial Reports
• Financial Statement Preparation
• Accounts Reconciliation
• Financial Budgeting
• Preparation of Tax Returns - Preparation of periodic tax, GST and other returns. We also facilitate everything from tax processing and planning to filing, including tax returns preparation, quarterly returns and Annual Returns.

FINANCIAL REPORTING SERVICES : Balance sheet | Income statement | Cash flow statement | Bank reconciliation report | Detail general ledger report | Fixed asset account management

RECONCILIATION SERVICES : Bank statement reconciliation with your bank statement| Credit card reconciliation with your statement records | Matching of invoice with your ledger as well as journal entries |Sequencing of checks |Balance sheet reconciliation

Bookkeeping Services

Bookkeeping involves the recording of financial transactions and other information related to the business on a day-to-day basis. The most important aspect of bookkeeping is to keep an accurate account of all records and keep them up to date. Accuracy is the most vital part of the bookkeeping process.

Double-entry Bookkeeping
This bookkeeping system refers to a set of rules to record financial information where every transaction must impact at least two different accounts. This is done using debits and credits, and is used as a type of error-detection system. If, at any point the total sum of debits does not equal the sum of credits, an error has occurred somewhere in the records.

• Setting Up Chart of Accounts
• Billing for goods sold or services
• Recording receipts from customers
• Verifying and recording invoices from suppliers
• Paying suppliers
• Processing employees' pay and the related governmental reports
• Recording depreciation and other adjusting entries
• Entering Bank Details
• Allocating the account entries
• GSTR Monthly Filing
• Value-added bookkeeping
• Month-end or year-end closing

GSTR Filing

India’s biggest indirect tax reform in the form of Goods and Services Tax (GST) has completed 1 year. A comprehensive dual GST was introduced in India from 1 July 2017.Since it is a destination-based tax, every supplier who earns more than 40 lakhs per annum needs to register under it. The idea of moving towards the GST was first mooted by the then Union Finance Minister in his Budget for 2006-07. The talks of ushering in GST took concrete shape with the introduction of Constitution (122nd Amendment) Bill, 2014. The Bill was passed by the Parliament on 8 August 2016. The Central Government enacted four GST bills:-State GST (SGST) Bill | Central GST (CGST) Bill | Integrated GST (IGST) Bill |Union Territory GST (UTGST) Bill. The GST Council, a recommendatory body consisting of representatives of Central as well as state governments, has met on several occasions and taken important decisions relating to tax rate structure, exemptions, rules, composition scheme etc.

Types of GSTR Filling

GSTR-3B :- On the compliance front, all registered persons have to file monthly returns in Form GSTR-3B (containing a summary of outward and inward supplies) by the 20th of the succeeding month.

GSTR-1 :- Additionally, an invoice-wise return of outward supplies needs to be submitted in Form GSTR-1 by the 10th of the succeeding month.

GSTR-2 :- The Government has suspended the requirement of filing Form GSTR-2 (containing details of inward supplies)

GSTR-3 :- GSTR-3 (a consolidated statement of inward and outward supplies). GSTR-3 return form has to be filed by a registered taxpayer with details that are automatically populated by from GSTR-1 and GSTR-2 returns forms.GSTR-3 has to be filed by 20th of the following month.

GSTR-4 :- GSTR-4 return form has to be filed by taxpayers who have opted for the Composition Scheme.GSTR-4 has to be filed by 18th of the following month.

GSTR-5 :- Non-resident taxpayers have to file GSTR-5 by 20th of the following month.

GSTR-5A :- Those non-resident taxpayers who provide OIDAR services have to file GSTR-5A by 20th of the following month.

GSTR-6 :- The input service distributors have to file GSTR-6 by 13th of following month.

GSTR-7 :- Return form has to be filed by all registered taxpayers who are required to deduct tax at source under the GST rule. GSTR-7 has to be filed by 10th of the following month.

GSTR-8 :- GSTR-8 return form has to be filed by all e-Commerce operators who are required to collect tax at source under the GST rule. This form will contain details of supplies affected and the amount of tax collected under Sub-section.GSTR-8 has to be filed by 10th of the following month.

GSTR-9 :- GSTR-9 return form is filed by normal taxpayers with details of all income and expenditure for the year. This detail will be regrouped in accordance with the monthly returns. The taxpayer will have the opportunity to make modifications in the information provided if required. GSTR-9 has to be filed by 31st December of the following financial year along with the audited copies of the annual accounts.

GSTR-10 :- GSTR-10 return form has to be filed by any taxpayer who opts for cancellation of GST registration.

GSTR-10 final return form has to be filed within 3 months of the date of cancellation or date of cancellation order, whichever is later.

GSTR- 11 :- GSTR-11 return form has to be filed by everyone who has been issued a Unique Identity Number (UIN) and claims a refund of the taxes paid on inward supplies.GSTR-11 form has to be filed on 28th of the month, following the month for which supply was received.

Cancellation of GST
Section 29(1) of CGST Act 2017 lays down the rules and documents related to canceling your registration under the GST law.

Taxation services

ITR Filing: Make sure to file your income tax return on or before the due date announced by the Government to avoid penalties.ITR Filing As per section 139(1) of Income Tax Act, 1961, every person being a company or a firm; HUFs Hindustan Undivided family’s or being a person other than a company or a firm, if his total income is above the maximum amount which is not chargeable to income-tax, he will have to furnish and file a return of his income.

Benefits : Easy loans approvals | To claim TDS refunds | Carry forward of losses | VISA processing | Self employed | Avoid interest on tax liability

Types of ITR Filling : ITR-1 or SAHAJ: Resident Indian individuals and HUFs | ITR-2: HUFs and individuals | ITR-3: Partner in a firm, HUF, or individuals | ITR-4 or Sugam Firm: HUF, or individual | Form 16: employers to salaried individuals in the country | ITR-5: LLPs or Partnership Firms | ITR-6: Companies | ITR-7: NGO, Trust, Society, Association

OutSourcing Accounting Service Packages

Our Outsourcing Accounting Service Packages is to improve your accounting system for Start up, Midsize Companies, Proprietorship and Incorporation companies to maintain your data confidentiality with cloud and as well as in offline system long way in assessing & improving the performance of a company as a profitable business on the below aspects, will be immensely resourceful for any growing organization.

Why Us?

• Dedicated Accounts Consultant
  One point of Contact on your day-to-day Accounting Process
• Save Money and Reduce Overheads
• Save time and improve Operations Efficiency
• Access to Expert Accounting Resource
• Handling All your GSTR & Taxation Filing Avoiding Penalties
• Save on Technology Cost
• Always Available, Anytime Anywhere Access to Financial Data
  Our services are offered on the cloud, which means that you'll have 24x7 accesses to your accounts and can be sure of confidentiality.
• Equity Eligibility
  If you're going to raise funding or ask for a loan at a later stage, you would need to provide your books of accounts from the start of operations.
• Review Efficiency
  All businesses make decisions based on financial data as they provide an unbiased account of the efficiency of the business
• Reporting The weekly and monthly reports generated by us will make it seem like you have an in-house Accounts Team.