When is GST registration mandatory for a business in India?

GST registration is mandatory when aggregate turnover exceeds ₹40 Lakhs for goods (₹20 Lakhs in special category states) or ₹20 Lakhs for services (₹10 Lakhs in special states). It is also mandatory for inter-state supplies and e-commerce sellers regardless of turnover.

Does a company with no revenue still have to file an Income Tax Return?

Yes. Under Section 139(1) of the Income-tax Act 1961, all incorporated companies and LLPs must file an annual income tax return every assessment year, even if there was zero revenue or an operating loss.

What is the threshold for a mandatory statutory Tax Audit under Section 44AB?

A tax audit is mandatory if total sales or turnover exceeds ₹1 Crore in a financial year. The threshold increases to ₹10 Crore if cash receipts and cash payments each do not exceed 5% of total transactions.

What is the difference between bookkeeping and accounting?

Bookkeeping is the routine recording, categorization, and reconciliation of daily business transactions. Accounting involves interpreting, summarizing, and presenting that financial data into formal balance sheets, P&L statements, and tax returns.

What does a Virtual CFO do for an early-stage startup?

A Virtual CFO provides high-level financial strategy: building multi-year financial projections, monitoring cash runway and burn rate, structuring cap tables, managing investor due diligence, and establishing internal financial controls.

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Pillar Guide • Manage Finance

Manage Finance with Disciplined Accounting & Taxes

For companies, LLPs, and founders requiring accurate books of accounts, tax filings, and strategic financial control.

At a Glance:

Managing business finances involves maintaining reconciled books of accounts, meeting periodic tax obligations, and securing strategic financial oversight. Whether setting up GST registrations, filing corporate income tax returns, or appointing a Virtual CFO, disciplined financial management protects cash flow, ensures tax compliance, and prepares companies for investor scrutiny.

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The Challenge at This Stage

Disorganized ledgers create inaccurate tax returns, forfeiture of legitimate input tax credits, and unexpected statutory notices from tax authorities. Founders without structured financial reports frequently operate without clarity on true runway, unit margins, and working capital needs.

How We Help You Navigate It

Our chartered accounting team reconciles transaction records, compiles audit-ready financial statements, manages monthly tax filings, and provides strategic financial leadership. We keep your corporate accounts clean, compliant, and transparent.

Decision Framework

Which Finance or Tax Service Do You Need?

Identify your current business situation below to find the exact service required.

Your Situation	Recommended Service	Why This Fits
Business crossing turnover thresholds or engaging in inter-state / e-commerce sales	GST Registration	Mandatory tax registration under Sections 22 and 24 of the CGST Act 2017 to legally collect and remit goods and service tax.
Company, partnership, or individual requiring statutory annual return submissions to the Income Tax Department	Income Tax Filing (ITR)	Mandatory statutory filing under Section 139(1) of the Income-tax Act 1961, regardless of whether operations yielded profit or loss.
Operating business needing financial statement compilation, trial balance finalization, and audit readiness	Accounting Services	Preparation of formal Balance Sheets and Profit & Loss statements compliant with Indian Accounting Standards.
Active business seeking day-to-day transaction recording, bank reconciliation, and expense tracking	Bookkeeping Services	Maintains structured digital ledgers to support accurate GST returns and timely vendor reconciliations.
Funded startup or scaling venture requiring high-level cash flow models, budget forecasts, and board reports	Virtual CFO Services	Senior strategic financial guidance, capital allocation modeling, and investor-ready reporting without the cost of a full-time CFO.

Live Services

Specialized Services in Manage Finance

Tax registrations, filing, accounting and financial reporting

GST Registration

GSTIN registration with document preparation and portal tracking

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GST Return Filing

Monthly and quarterly GSTR-1, GSTR-3B and GSTR-2B reconciliation

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TDS Return Filing

Quarterly Form 24Q, 26Q e-filing and TRACES Form 16/16A generation

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Income Tax Filing

ITR filing for businesses, LLPs, companies and founders

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Accounting

Preparation of financials, balance sheet and profit & loss statements

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Bookkeeping

Day-to-day transaction recording, ledger reconciliation and MIS reports

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Virtual CFO Services

Strategic financial advisory, cash-flow models and board reporting

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Browse Related Family Portals

Comprehensive category directories within this compliance pillar.

Family Directories

GST & Tax Services

Commercial GST registration, return filing and tax compliance

Clear Workflow

How We Work With You

A structured, transparent engagement model designed to keep you compliant and informed at every stage.

Step 1

Initial Consultation & Scope Assessment

We analyze your business model, entity requirements, and operational goals to establish the exact regulatory requirements.

Step 2

Document Verification & Legal Structuring

Our compliance professionals review all corporate records, identity proofs, and statutory disclosures to eliminate common rejection triggers.

Step 3

Government Portal Filing & Daily Tracking

Applications are submitted directly to the relevant ministerial or statutory portals, with ongoing tracking and clarification handling.

Step 4

Approval Handover & Ongoing Advisory

Once approved, you receive official certificates, statutory registers, and actionable guidance for post-approval compliance.

Read Our Full Engagement Process & SLAs

Knowledge Base & Tools

Supporting Guides, Tools & Articles

Educational resources, calculators, and legal analysis to assist your decision making.

In-Depth Guides

GST Registration Complete Guide 2026: Every Business Owner Needs to Read This

Everything a business owner needs to know about GST registration in India — who needs it, how to get it, what to do after registration, and how to stay compliant.

Income Tax Return Filing Guide for Businesses 2026

A complete guide to income tax return filing for businesses in India — covering ITR forms, deductions, TDS reconciliation, due dates and what happens if you file late.

Interactive Tools

GST Calculator

Calculate GST liability, input tax credit, and net invoice amounts

Income Tax Calculator

Compute estimated statutory corporate and individual income tax

Entity & Scheme Comparisons

GST vs Composition Scheme

Evaluate turnover thresholds, tax rates, and input tax credit limitations

Frequently Asked Questions

Common Questions About Manage Finance

Factual answers to key questions founders ask when evaluating requirements.

Next Stage in Your Journey

Ready for the next step? Explore Protect Brand

Trademark filing, IP protection and brand defense

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Knowledge Base & Resources

Learn more about Manage Finance

Explore step-by-step regulatory walkthroughs, interactive decision tools, and head-to-head structural comparisons to make informed business decisions.

Comprehensive Guide

Income Tax Return Filing Guide for Businesses 2026

A complete guide to income tax return filing for businesses in India — covering ITR forms, deductions, TDS reconciliation, due dates and what happens if you file late.

Read Guide: Income Tax Return Filing Guide for Businesses 2026

Interactive Tool

Income Tax Calculator

Compare tax liability under the new vs old regime for businesses and individuals.

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Interactive Tool

GST Rate & Tax Calculator

Calculate CGST, SGST, IGST liability and input tax credit instantly.

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Expert Consultation • Clear Scope

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Speak directly with our legal and business professionals. We review your entity requirements, outline the required filings, and guide your company with confidence.

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