Accounts & payroll
Annual compliance for proprietors
A sole proprietor's compliance runs all year: GST returns every month or quarter, books that support them, and an income tax return at the end. This package covers all three for twelve months for one fixed fee, and we remind you before every due date.
- 12 months of GST returns, monthly or quarterly
- Bookkeeping for the year
- Your income tax return with business income
- Advance tax worked out before each instalment
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Price
One year
₹9,999+ ₹1,800 GST
12 months from the month you start
- GSTR-1 and GSTR-3B for 12 months, monthly or under QRMP
- Bookkeeping, up to 100 entries a month
- Purchases matched with GSTR-2B for input tax credit
- Profit and loss account and balance sheet for the year
- The proprietor's income tax return
- Advance tax worked out before each due date
- For one GST registration
- Reminders before every due date
Fees are before 18% GST. The fee covers one GST registration for 12 months. GST, income tax, interest and late fees are paid at actuals; a tax audit, if your turnover needs one, is quoted separately.
Who needs annual compliance for proprietors
- Sole proprietors registered under GST
- Shops, traders, freelancers and service providers run as a proprietorship
- Proprietors who want their GST returns and income tax return to agree
- Proprietors who've been filing on their own and want a CA to take over
Documents you'll need
At the start
- Proprietor's PAN and Aadhaar
- GST registration certificate and portal access
- Income tax portal access
- Last year's income tax return and accounts, if any
Every month
- Sales invoices or sales register
- Purchase and expense bills
- Bank statements
For the income tax return
- Details of other income, investments and deductions
You upload these from your order page after you pay. Scans or clear phone photos are fine.
How it works
- 1
Set up
We check your GST registration, return frequency and any pending filings, and set up your books.
- 2
Monthly documents
You send the month's sales, purchases and bank statements by an agreed date.
- 3
GST returns
We record the month, match purchases with GSTR-2B and file GSTR-1. Then we tell you the GST to pay and file GSTR-3B once it's paid.
- 4
Advance tax
Before each advance tax due date, we estimate your income for the year and tell you what to pay.
- 5
Year-end and income tax return
We close the books, prepare the profit and loss account and balance sheet, and file your income tax return.
What a proprietor has to file
A sole proprietorship isn't a separate legal entity, so the business's income is taxed in the proprietor's own return. If you're registered under GST, you file returns every month, or every quarter under the QRMP scheme if your turnover qualifies. Your books need to support both the GST returns and the income tax return.
Depending on your turnover and the payments you make, TDS may apply too. We tell you if it does; TDS returns are a separate service.
Presumptive tax or full books?
Small businesses and professionals can choose presumptive taxation, where income is declared at a set percentage of turnover or receipts, within limits set by the law. Others are taxed on actual profit from full books. Which suits you depends on your margins and turnover, and moving between the two affects later years.
We look at your numbers in the first month and recommend one. Either way, we keep proper books, because GST returns and lenders need them.
Frequently asked questions
Does this include the GST annual return?
Not in this package. Whether it's compulsory depends on your turnover; we tell you and quote it separately if it applies.
What if I'm not registered under GST?
Then you don't file GST returns, and our business income tax return service may suit you better. If your turnover is nearing the registration limit, we'll tell you.
What if I have more than 100 entries a month?
We quote for your volume, or suggest our retainership.
Is a tax audit included?
No. If your turnover crosses the tax audit limit, the audit is quoted separately and done through our associated auditors.
Can I start in the middle of the year?
Yes. The package runs for 12 months from the month you start. If returns for earlier months are pending, we file them first and quote for them separately.
Which Income-tax Act will my return be under?
Returns for the year ended 31 March 2026 are filed under the Income-tax Act, 1961. From tax year 2026-27, the Income-tax Act, 2025 applies. We file under whichever applies to your year.