ABS

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ABS BUSINESS SERVICES PVT LIMITED
OUTSOURCING SOLUTIONS
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ABOUT US

• An end to end Finance Accounts Outsourcing
• 100 member strong team including
  MBA/CA/CS/BE/B
  
  
  
  Tech/MCA
• Global Reach
• Strong Clientele
• Integrated Technology Platform

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OBJECTIVE AND KEY BENEFITS

• Understanding customers' needs and delivering
  what they require
• Providing value addition continuously is what
  we do better
• Provides cost effective efficient solutions
  
• Mitigate Risk - Timely Accurate
  calculations
• Eliminate risk of missing all regulatory and
  Statutory Compliance
• hassles
• Best utilization of time of Strategy
  Team instead of being
• bogged down with routine administrative
  requests and
• transactional work
• Avoid Penalties - Minimize legal claims in
  courts, tribunals , etc

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AREAS OF SERVICES
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• Accounts Payable Frontend invoice receiving
  , verification, single point of contact for
  vendor queries, invoice scanning , accounting of
  invoice , TDS and WCT Deduction and analyze
  creditor ageing.
• Accounts Receivable (A)Credit Control policy
  setup. (B) Invoice dispatch and submission
  services. (C) Collection enablement services i.e.
  (i)Customer reconciliation (ii) Default and
  collection focused services (iii) Call to collect
  services (iv)Field recovery services (D)
  Collection accounting/ cash application services
  .
• Fixed Asset Verification and Valuation Valuation
  of Fixed Asset and life of fixed assets.
  Depreciation on Fixed Assets as per Company s
  ACT 2013. Physical Verification of Fixed Assets.

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• Business Entity Incorporation and Setup(i)
  Company Incorporation (ii)Registrations Service
  tax Registration, VAT Registration, Excise
  Registration, Import export Code, PF, ESIC, Shops
  and Establishment and Property Tax.
• Book Keeping and General Accounting Bookkeeping
  and Accounting as per applicable GAAP/IFRS ,
  Finalization of financial statement, Cash flow
  statement reporting, audit support.
• Statutory Filing and Compliance Preparation of
  computation of tax liability and filing of
  service tax return, VAT Return, Income Tax
  return, TDS return, TDS Certificates and Issue of
  various forms under various ACT.

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• Attending to Tax Department queries/notices
  handling of assessment/audit- Representing" or
  "consultancy for representing" before the
  assessing authorities for expeditious and timely
  completion of Scrutiny Assessments
• 15CA and 15CB Compliances
• More Importantly GST Registration and its
  Compliances
• Reconciliations (i)Vendor Reconciliation (ii)
  Customer Reconciliation (iii) Inter-Company
  Reconciliation (iv) Inventory Reconciliation (v)
  Data Matching.
• Advance Tax Computation.

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• MIS preparation - Innovative ideas,
  Processes and Internal controls which are
  practical and can be systematically
• implemented.
• Maker and Checker concept
• Exception/ Variance and Control Reports
• Query Management - Query Builder/ MIS/ Report
  generation
• of any type
• Detailed Master Data Capture i.e. Employee
  Details and
• Consultant Information, Credit Policy,
  Terms of Agreements etc
• No restriction on Record Management Dates
  Any number of
• years data can be managed.

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• Strong TDS Computation Engine and Form 16,
  Form 12 BA
• ETDS Generation.
• Calculation/ Deduction/ Collection of Tax
  at Correct Rates.
• Timely Deposit of Tax Deducted at Source.
• Accurate Reporting of data related to tax
  deductions/
• collections made.
• Submission of TDS Statements within the due
  dates.
• Verification and Issuance of TDS Certificates
  within time.
• CPC (TDS) is now sending Intermediate Default
  
• Communication for PAN Errors and Short
  Payments, which
• can be corrected during the interim
  period of a week of filing
• TDS Statements, before CPC (TDS) proceeds
  with computing
• Defaults for the relevant statement. The
  Conso Files and Justification Reports
  downloaded from TRACES help you to identify
  errors in submission of revised Quarterly TDS
  Statements.

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• User-friendly Online Correction facility can be
  used for Correction of Deductees, Tagging
  Unmatched Challans and Payment of Fees/ Interest.
  
• Aggregated TDS Compliance Report assists the PAN
  of the Deductor to administer TDS Defaults for
  associated TANs and to take appropriate action.
• The Deductors Dashboard provides you all
  necessary information to assist you in
  Compliance Self-Assessment and to take
  appropriate action.
• Non-filing Self-declaration can be made by
  navigating to Statements / Payments menu and
  submit details under Declaration for Non-Filing
  of Statements.
• PAN Verification and Consolidated TAN PAN File
  facility on TRACES can be used for verifying
  the deductees.

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Corporate Office (Faridabad) 407 - 408, SSR
Corporate Park, 13/6 Main Mathura Road, Besides
NHPC Metro Station, Faridabad, Haryana
For Business Enquiries CA Shalu Singhal Ph
9999917353