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ASAP ASSOCIATES

About

ASAP Associates is a one-stop solution for all financial, legal, and compliance needs of individuals, startups, and businesses. With over 8 years of experience, we specialize in delivering timely, accurate, and cost-effective services to ensure your business runs smoothly and remains fully compliant with government regulations. We believe in Accuracy, Speed, and Professionalism (ASAP) – which reflects in every service we provide.

Our Mission

To empower entrepreneurs, SMEs, and organizations with reliable financial and compliance services, enabling them to focus on business growth while we handle the regulatory framework.

Our Vision

To become the most trusted and customer-friendly financial & compliance service provider across India.

Core Services

Business Registration Services

We Provide Hassle-free Business, Licence , Certitication and Intellectual Property Registration Services.

We will help in the following registration Process.

  • MSME / Udyam Registration

    In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the economy. Transitioning your business into a formally recognized entity through Udyam Registration is the first step toward accessing a world of government benefits, subsidies, and financial security. We simplify the entire digital registration process, ensuring your business gets certified without the bureaucratic headache.

    Why Your Business Needs Udyam Registration

    The Udyam certificate is more than just a document; it’s a gateway to exclusive growth opportunities:

    • Collateral-Free Loans: Priority sector lending from banks with lower interest rates.
    • Protection Against Delayed Payments: Statutory support to ensure buyers pay you within 45 days.
    • Subsidy Benefits: Significant discounts on Patent and Trademark registrations (up to 50%).
    • Electricity Bill Concessions: Many states offer reduced power tariffs for registered MSMEs.
    • Tender Preference: Exclusive access to certain government tenders and exemptions on earnest money deposits (EMD).

    Our Streamlined Process

    We take the complexity out of the paperwork so you can focus on running your business.

  • FSSAI (Food License) Registration

    In the food industry, trust is the most important ingredient. An FSSAI License is a mandatory legal requirement for any Food Business Operator (FBO) in India. Whether you run a home bakery, a restaurant, or a large-scale manufacturing unit, your 14-digit FSSAI number is your "identity" that guarantees the safety and quality of your food products to your customers. We provide end-to-end assistance in obtaining your FSSAI certificate, ensuring your business stays 100% compliant with the Food Safety and Standards Act, 2006.

    Why Every Food Business Needs FSSAI

    FSSAI is not just a regulatory hurdle; it is a powerful branding tool:

    • Legal Compliance: Avoid heavy penalties (up to ₹5 Lakhs) and legal complications or business shutdowns.
    • Consumer Confidence: The FSSAI logo on your packaging or menu builds instant credibility with health-conscious buyers.
    • Aggregator Access: Mandatory for listing your business on platforms like Zomato, Swiggy, and Blinkit.
    • Global Standards: Facilitates easier export of food products by meeting international safety benchmarks.
    • Business Growth: Essential for securing bank loans and participating in government food supply tenders.
  • Copyright Registration

    A Copyright gives you exclusive legal rights to your original creative works. In India, while copyright is acquired the moment a work is created, Registration is essential to establish a public record and is a prerequisite for filing an infringement suit in court.

    What Can You Copyright?

    We assist in registering a wide range of creative assets under the Copyright Act, 1957:

    • Literary Works: Books, manuscripts, articles, and even Computer Software/Source Code.
    • Artistic Works: Paintings, drawings, photographs, architectural blueprints, and unique logos.
    • Dramatic & Musical Works: Scripts, screenplays, musical notations, and lyrics.
    • Cinematograph Films: Video content, documentaries, and feature films.
    • Sound Recordings: Podcasts, recorded music, and specialized audio tracks.
  • Trade Mark Registration

    Your brand name, logo, and slogan are your business’s most valuable assets. They represent your reputation and the trust you’ve built with your customers. Without Trademark Registration, your brand is vulnerable to imitation and infringement.

    We provide comprehensive Trademark (TM) services in India—from initial search to final certification—ensuring your unique identity is legally protected under the Trade Marks Act, 1999.

    Why Register a Trademark?

    Securing a trademark gives you the sole right to use your brand identity and take legal action against copycats.

    • Exclusive Ownership: Gain the legal right to use the ® symbol and prevent others from using similar marks.
    • Asset Creation: A trademark is an intangible asset that can be sold, franchised, or commercially licensed.
    • Global Protection: A registered Indian trademark serves as a base for filing international trademark applications.
    • Legal Shield: Easily sue for infringement and seek damages if someone tries to profit from your brand’s name.
    • Permanent Protection: Once registered, a trademark is valid for 10 years and can be renewed indefinitely.
  • Import & Export Code (IEC) Certificate

    Taking your business beyond borders requires more than just a great product; it requires the right legal credentials. The Import Export Code (IEC) is a one-time registration that acts as your license to enter the international market. Without an IEC, no Indian business can ship goods out of the country or clear imported shipments through customs.

    We provide a seamless, 100% online application process to help you obtain your IEC certificate and start your global journey in as little as 24 hours.

    Why is IEC Mandatory?

    The IEC is the fundamental identification number for any merchant or manufacturer involved in global trade:

    • Customs Clearance: Mandatory for clearing your shipments through the Customs department.
    • Bank Transactions: Required by banks to send or receive money in foreign currencies for business purposes.
    • Export Incentives: Only IEC holders can claim government benefits like the RoDTEP (Remission of Duties and Taxes on Exported Products) or MEIS schemes.
    • No Renewals: The IEC is valid for the lifetime of the business—no need for frequent renewals or filings.
    • Individual Eligibility: Even individuals (Proprietors) can obtain an IEC under their own name without needing a separate company.

    • Accounting & Taxation services

    Get Great Outlook of Your Financials and Expert Tax Analysis and Assistance.

    We provide expert accounting and tax support in the following areas.

  • Tally & MCA Compliances

    In the current regulatory landscape, "manual accounting" is no longer an option. The Ministry of Corporate Affairs has introduced stringent mandates, including the Audit Trail (Edit Log) requirement, making it vital for businesses to use compliant software like TallyPrime.

    We provide a synchronized service that integrates your day-to-day accounting in Tally with your statutory filing requirements under the Companies Act, 2013.

    MCA-Compliant Accounting with TallyPrime

    As of April 1, 2023, the MCA mandates that every company using accounting software must maintain an unalterable audit trail. We help you implement and manage TallyPrime Edit Log, ensuring you meet these standards effortlessly.

    • Automatic Audit Trail: Capture every transaction, modification, and deletion with a permanent timestamp and user ID.
    • Non-Disableable Logs: Our setup ensures your edit log remains active 24/7, as required by law, preventing any risk of non-compliance penalties.
    • Version Comparison: Easily compare "before" and "after" versions of any transaction to maintain 100% data transparency.
    • Secure Access Control: We configure role-based security levels so only authorized personnel can handle sensitive financial entries.
  • GST Registration & Filing

    The "One Nation, One Tax" regime has revolutionized how business is done in India. Whether you are a startup, a service provider, or a manufacturer, a GST Registration (GSTIN) is your ticket to legal recognition, allowing you to collect taxes from customers and, more importantly, claim Input Tax Credit (ITC) on your business expenses.

    We provide comprehensive GST solutions—from obtaining your 15-digit GSTIN to ensuring your monthly and annual returns are filed with 100% accuracy.

    Is GST Registration Mandatory for You?

    In 2026, the threshold limits and mandatory categories are clearly defined:

    • Goods Suppliers: Mandatory if annual turnover exceeds ₹40 Lakhs (₹20 Lakhs in Special Category States).
    • Service Providers: Mandatory if annual turnover exceeds ₹20 Lakhs (₹10 Lakhs in Special Category States).
    • Interstate Traders: Mandatory if you sell goods or services across state borders, regardless of turnover.
    • E-commerce Sellers: Mandatory for anyone selling through platforms like Amazon, Flipkart, or their own website.
    • Voluntary Registration: Even if you are below the limit, registering voluntarily allows you to claim ITC on purchases (like laptops, rent, and raw materials), often saving you more than the cost of compliance.
  • Income Tax Filing

    Income Tax Filing is not just about paying taxes; it is about creating a verified financial profile. An ITR receipt is a powerful document that acts as legal proof of income, essential for loan approvals, visa applications, and claiming tax refunds.

    We provide expert-led ITR filing services for individuals, ensuring you choose the right tax regime and maximize your savings through legal deductions.

    Why Should You File Your ITR?

    Even if your income falls below the taxable limit, filing a "Nil Return" offers significant advantages:

    • Easy Loan Approvals: Banks require the last 3 years of ITR for Home, Car, and Personal loans.
    • Claim Tax Refunds: The only way to get back the TDS (Tax Deducted at Source) deducted by your employer or bank is by filing a return.
    • Carry Forward Losses: Offset your stock market or business losses against future profits to reduce tax liability.
    • Visa Processing: Most embassies (USA, UK, Canada, Europe) require ITR copies to verify your financial ties to India.
    • Avoid Penalties: Avoid late filing fees (up to ₹5,000) and interest under Section 234A.
  • Annual Return Filing

    For an MSME, the end of the financial year brings a series of mandatory filings that determine your eligibility for continued government benefits, bank credit lines, and legal standing. Navigating the overlapping deadlines of Income Tax, GST, and MCA can be daunting for small business owners.

    We provide a unified annual filing service that ensures your data is consistent across all government platforms, protecting you from scrutiny and hefty late fees.

    Why MSMEs Must Prioritize Accurate Annual Filings

    • Retention of MSME Status: Your Udyam registration is now linked to your ITR and GST data. Inaccurate filing can lead to a downgrade or cancellation of your MSME status.
    • CIBIL & Credit Rating: Banks review your filed ITR and GSTR-9 before renewing working capital limits or sanctioned loans.
    • Audit Trail Compliance: Since April 2023, the MCA requires an "Audit Trail" (Edit Log). We ensure your annual returns are backed by compliant accounting records.
    • Input Tax Credit (ITC) Safety: Annual GST filing is the last chance to rectify any missed ITC from the previous financial year.

    Why Outsource Your MSME Filings to Us?

    • Integrated View: We ensure the turnover reported in GST matches the turnover in your Income Tax return, preventing automatic "Scrutiny Notices."
    • Tech-Driven Accuracy: We use advanced reconciliation tools to find errors that manual accounting often misses.
    • Deadline Management: We take over the tracking of due dates, so you never pay a single rupee in late penalties.
  • TDS Return Filing

    Filing TDS returns is a quarterly obligation for every business or individual who has deducted tax at source. It is a statement submitted to the Income Tax Department that contains details of the tax collected and paid, the PAN of the deductees, and the nature of the payment.

    We provide end-to-end TDS management—from calculating the correct deduction rates to generating and filing Quarterly Returns and issuing TDS Certificates.

    Why Timely TDS Filing is Critical

    Compliance with TDS regulations is essential to maintain your business’s financial credibility:

    • Avoid Heavy Penalties: Late filing attracts a penalty of ₹200 per day under Section 234E.
    • Ensure Deductee Credit: Your employees and vendors can only claim credit for the tax you deducted if you file your returns correctly.
    • Prevent Interest Outgo: Delay in depositing TDS attracts interest at 1.5% per month.
    • Corporate Reputation: Accurate TDS filing ensures your business stays clear of "Default" notices on the TRACES portal.

    • Business Compliance Services

    We make sure you are adherence to Regulatary Requirements.

    We provide following compliance Process.

  • PF & ESI Registration

    For any growing organization, employee welfare is a legal mandate and a moral commitment. PF (Provident Fund) provides long-term retirement security, while ESI (Employee State Insurance) offers comprehensive medical and social security cover for employees and their families.

    We provide end-to-end assistance in obtaining your PF and ESI codes, ensuring your business is compliant from the very first hire.

    Why PF & ESI Registration is Essential

    Apart from being a statutory requirement, these registrations provide significant advantages to your business:

    • Legal Immunity: Avoid heavy penalties, interest, and legal action for non-compliance with the PF & ESI Acts.
    • Employee Retention: Offering social security benefits makes your company a "preferred employer," attracting and retaining top talent.
    • Financial Protection: Under ESI, the liability for employee medical expenses and maternity benefits shifts from the employer to the ESI Corporation.
    • Government Tenders: Most government and corporate contracts require a valid PF & ESI registration as a mandatory eligibility criterion.
  • Building & Construction Compliance

    The construction industry is governed by a complex web of financial and labor regulations. For developers and contractors, non-compliance doesn't just mean fines—it can lead to project halts and the loss of RERA registration.

    As a specialized accounting and tax firm, we bridge the gap between your site operations and statutory requirements. We ensure that every rupee spent and every laborer employed is accounted for in accordance with Indian law.

    Core Compliance Pillars for Construction

    We manage the four critical areas where finance and law intersect in the building industry:

    1. RERA Financial Compliance (Real Estate Regulatory Authority)

    RERA mandates strict financial discipline for developers to protect homebuyers.

    • 70% Escrow Management: Ensuring that 70% of project collections are deposited in a separate bank account and used exclusively for construction and land costs.
    • Quarterly Progress Reports (QPR): Filing financial progress data on the RERA portal.
    • CA Certification (Form 3): Providing the mandatory Chartered Accountant certificates required for withdrawing funds from the escrow account.

    2. BOCW Compliance (Building & Other Construction Workers)

    The BOCW Act is a vital labor law that accounting firms must manage to avoid litigation.

    • Cess Computation & Payment: Calculating the 1% BOCW Cess on the total cost of construction and ensuring timely deposit with the Welfare Board.
    • Registrations: Obtaining the BOCW Establishment Registration for project sites.
    • Labor Records: Maintaining statutory registers for workers, wages, and accidents.

    3. GST for Real Estate & Works Contract

    Construction GST is notoriously complex, with varying rates for affordable housing vs. commercial projects.

    • Input Tax Credit (ITC) Optimization: Managing the restrictions on ITC for immovable property under Section 17(5).
    • Reverse Charge Mechanism (RCM): Handling tax liability on purchases from unregistered dealers (cement, capital goods, etc.).
    • Joint Development Agreements (JDA): Navigating the tax implications between landowners and developers.

    4. Labor Law & Payroll Integration

    • PF & ESI for Site Workers: Managing the high turnover of labor on-site and ensuring their social security contributions are filed.
    • Professional Tax & TDS: Handling TDS on sub-contractor payments (Section 194C).
  • Audit & Annual Compliance Reports

    In the corporate world, an Audit is not just a statutory requirement; it is a financial health check that builds stakeholder trust. Coupled with Annual Compliance Reporting, it ensures that a business entity—whether a Private Limited Company, LLP, or NGO—is operating within the legal framework of the Companies Act, 2013, and Income Tax laws.

    As a specialized accounting firm, we provide an independent and objective evaluation of your financial statements, ensuring they provide a "True and Fair" view of your business.

    Audit & Assurance: Beyond the Numbers

    Our audit process is designed to identify operational inefficiencies and financial risks before they become legal liabilities. We ensure that your books are compliant with Indian Accounting Standards (Ind AS) and the latest MCA V3 mandates.

    Types of Audit Services We Provide

    Different entities require different levels of scrutiny based on their turnover and legal structure.

    • Statutory Audit: Mandatory for all companies under the Companies Act to ensure financial records are accurate and legally compliant.
    • Tax Audit: Required under Section 44AB of the Income Tax Act for businesses exceeding specific turnover thresholds (e.g., ₹1 Crore or ₹10 Crores depending on cash transactions).
    • Internal Audit: A proactive review of internal controls, helping management detect fraud and improve operational efficiency.
    • GST Audit & Reconciliation: Ensuring that the GSTR-9 and GSTR-9C filings match the audited financial statements to avoid department notices.
    • Management Audit: Focusing on the effectiveness of the management team in achieving corporate objectives.

    Annual Compliance Reporting (ACR)

    The Annual Compliance Report is a comprehensive set of filings that summarizes a company’s legal and financial activities for the year. Failure to file these can lead to the disqualification of directors and heavy daily penalties.

    Our "Audit-to-Filing" Workflow

    We bridge the gap between your accounting data and the final statutory submissions.

    • Preparation of Financials: We assist in drafting the Balance Sheet, Profit & Loss Account, and Cash Flow Statements.
    • Audit Evidence Collection: Our team reviews ledgers, vouchers, and bank reconciliations to verify data integrity.
    • Audit Trail Verification: In line with the MCA Edit Log mandate, we verify that your software has maintained an unalterable log of all transactions.
    • Board Report & Minutes: We draft the Director's Report and ensure that Board Meetings and AGMs are documented as per Secretarial Standards.
    • Final Portal Filing: Once the audit is signed, we handle the e-filing on the MCA (V3) and Income Tax portals.