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Team up with the right people

BSMART is an organization of 100+ professionals which include diversely-experienced Chartered Accountants, Company Secretaries, Lawyers, MBAs and a dedicated support staff with state-of-the-art infrastructure. Our services span a diverse range starting from domestic & foreign funding in the form of equity, debt & strategic investment, financial structuring , mergers & acquisitions, legal consultancy, registrations under various Acts, licensing, secretarial compliance , IPO guidance , liaisoning , project management consultancy, auditing services – internal, statutory, GST, tax audits, etc., accounting services, FEMA compliance, setting up of entities in India, Income Tax and GST consultancy and compliance, SOP implementation, succession planning and so on. Headquartered in Pune, BSMART has offices in Mumbai and London. BSMART CA Firm in Pune

Updates

In order to mitigate the inconvenience to the taxpayers, as per Notification No.17/2022 dated 29th March, 2022, a window of opportunity has been provided to the taxpayers upto 31st of March, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. As a result, taxpayers will be required to pay a fee of Rs. 500 up to three months from 1st April, 2022 and a fee of Rs.1000 after that, while intimating their Aadhaar.

Sr.

No.

AADHAR Linked between following Period

Fees to

payable

1

01/04/2022 to 30/06/2022

500/-

2

01/07/2022 to 31/03/2023

1000/-

 

 

 

 

 

 

 

 

After 31st March, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall become inoperative and all the consequences under the Act for not furnishing, intimating or quoting the PAN shall apply to such taxpayers.

You can check whether your PAN-AADHAR linked or not by using below link.

https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar

 

 

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022

  1. Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022 has been introduced in State Budget by Maharashtra State Government in the month of March 2022
  2. This scheme has been introduced to provide relief to the industry and business sector which is adversely affected by an unprecedented pandemic since last two years.
  3. It is applicable to all the pending dues pertaining to any statutory order passed under various tax laws implemented by the state department for the periods up to 30/06/2017e. before the introduction of the Goods and Services Tax.
  4. Payment of requisite amount will have to be made during 1st April 2022 to 30th September 2022
  1. Lump sum payment is required to be made at one time within above stated period by the dealer opting for the scheme, however, dealers having arrears more than Rs.50,00,000/- (fifty Lacs) are given option to pay the requisite amount in instalments.
  2. Dealer has to unconditionally withdraw Appeals filed in order to avail the benefit of the above said scheme.
  3. Refer table below for further detailed information of the scheme.
  • Detailed information of the scheme :

 

Sr no

(a)

 

Arrears amount

 

(b)

Arrears for the period

(c)

Amount to be paid

(d)

Waiver available of  amount

(e)

 

1.

 

 

Up to Rs.10,000/-

 

 

Per year

 

Nil

 

Complete  waiver

 

2.

 

Up to Rs.10,00,000/- (ten lacs)

 

Up to 1st April 2022

 

Lump sum payment of 20% of total arrears

 

 

Remaining 80 % of total arrears

 

3.

 

Exceeding Rs.10,00,000/- (ten lacs)

 

OR

 

Dealers not opting for lump sum payment option

 

Up to 31st March 2005

 

Following all arrears

a.      100% of undisputed tax

b.       30% of disputed tax

c.       10% of interest

d.       5% of penalty

 

 

Balance of total arrears after payment as per column (4) of this table

 

4.

 

Exceeding Rs.10,00,000/- (ten lacs)

 

OR

 

Dealers not opting for lump sum payment option

 

For the period from 1st April 2005 to 30th June 2017

 

Following all arrears

a.           100% of undisputed tax

b.       50% of disputed tax

c.       15% of interest

d.       5% of penalty

 

 

Balance of total arrears after payment as per column (4) of this table

 

 

  • The Goods and Services Tax Network (GSTN) has enabled new feature of Geo location for picking address for new GST registration and amendment of address for existing registration
  • Geo location has to be selected while providing address during GST registration procedure or amendment of existing address in addition to existing procedures for the same.

Read More –

We are pleased to announce that BSMART has received “Maharashtra’s Pillars of Strength” award. The award was presented to young entrepreneurs and achievers from the state.

This award was presented by the HON. GOVERNOR OF MAHARASHTRA – SHRI BHAGAT SINGH KOSHIYARI and was collected by CA Bhushan Shah and CA Abhishek Jhunjhunwala on behalf of BSMART. The awards ceremony took place at Raj Bhavan, Mumbai on 18th April 2022.

Area of our services

Equity and Debt Funding

At BSMART we assist our clients in the availment of funding in the form of debt and / or equity. Basis our ties with fund houses / banks in and outside India, BSMART caters to specific needs of its clients.
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SECRETARIAL COMPLIANCES & REGISTRATIONS

BSMART provides end to end services related to Secretarial Compliances and Registrations. The brief list is as follows – Company Registrations, LLP Registrations, Annual Filing and regulatory compliance …
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FINANCIAL HEALTH CHECK [FHC]

In the dynamic world of a business, BSMART plays a key managerial role by taking care of the financial health of an organization. At BSMART, we have developed a unique product – FHC (Financial Health Check)…
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DIRECT AND INDIRECT TAX CONSULTANCY

BSMART provides consultancy services to our clients by formulating effective strategies for optimizing taxes, implementing innovative tax planning & effectively maintaining compliance in tax regime..
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SOP [STANDARD OPERATING PROCEDURE]

BSMART provides tailor made SOP formation and implementation focusing on client needs. We help simplify the working of critical and routine business processes to achieve desired quality and consistency….
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AUDIT ASSISTANCE

BSMART assists clients with audit functions providing comprehensive year-round audit procedure, which goes well beyond the routine transactions. We help our clients with Statutory Audit, Tax Audit, GST Audit…
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FINANCIAL CONSULTANCY

BSMART provides advisory services on financial arrangement to various business houses. Some of the provided services are preparation of project report and liaison with Term Lending Institutions/Financial..
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BUSINESS RESTRUCTURING, MERGERS & ACQUISITION

BSMART assists its clients in restructuring their Business to ensure that they fetch optimum valuations. BSMART also helps in providing end to end services pertaining to Mergers & Acquisitions: Advisory& Assistance
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ACCOUNTS OUTSOURCING

BSMART’s FAM department provides tailor made solutions for its clients and different options to choose from. The clients may either prepare accounts and get it reviewed from our experts……
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SETTING UP OF ENTITIES IN INDIA

BSMART provides services right from setting up of the entity in India to commencement of operations and beyond. These include advisory on type of entity to be set up, modes of setting up, assistance in availment of registrations…
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LEGAL ADVISORY & AGREEMENT DRAFTING SERVICES

BSMART has an in-house team of advocates and we are also associated with some of the top legal firms in India. We also assist in Drafting of Various Agreements such as Partnership Deed, HUF Deeds, Trust Deeds….
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IPO GUIDANCE

IPO or Initial Public Offer gives investors the prospect to acquire an edge early in companies and gain higher investment returns during a shorter time span. We keep track of companies entering the capital markets…..
Read More –

Why Us?

Building a good client experience does not happen by accident. At BSMART, for more than two decades now we have been bringing smiles to the faces of all our stakeholders. Through our integrated service lines, we help our clients to capitalize on new opportunities, assess and improve existing practices to deliver growth. Our high-performing teams of professionals help them in fulfilling statutory and regulatory requirements, optimize performance and ultimately meet stakeholder needs. We strongly believe in sustainable growth and in order to offer services of the highest quality to our clients, we make sure to indulge in continuous improvement of our performance, investing in our people and foster innovation.

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Industry sectors we cover
  • Automobile
  • Banking & Capital Markets
  • Chemical
  • Consultancy
  • Entertainment & Media
  • Financial Services
  • Laboratory
  • Government/Public Services
  • Industrial Manufacturing
  • Metals
  • Retail & Consumer
  • Transportation & Logistics
  • Agriculture
  • Capital Projects & Infrastructure
  • Communications
  • Engineering & Construction
  • Education & Training
  • Information Technology
  • Printing & Packaging
  • Hospitality & Healthcare
  • Insurance
  • Pharmaceuticals & Life Science
  • Real Estate
  • Trusts & NGOs

Address -

Head Office:
Sujay Garden, Swayambhu, Ground floor, Sr.No 706 A & B , Mukund Nagar, Pune 411037
Tel: 020-24211131/41/51

Mumbai Branch:
The Capital, Level 7, Plot No. C-70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051

London Office:
BSMART London LTD.
71-75, Shelton Street, London, Greater London,
WC2H 9JQ, UNITED KINGDOM.

Contact Us