OUTSOURCING SOLUTIONS

ABS BUSINESS SERVICES PVT

LIMITED

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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

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