Trident – Navision & Microsoft Dynamics AX Partner in India
 
Email    Call us at   
India- Info@tridentinfo.com    or    +91 11 6940 0449
India- hrdesk@tridentinfo.com    or    +91 11 6940 0450

Overview

Statutory means "of or related to statutes," or what we normally call laws or regulations. Compliance just means to comply with to. So statutory compliance means you are following the laws on a given issue.

The purpose of statutory compliances are the same as the purpose of any other compliance - to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions.

Our Statutory Compliance Assurance Services provide an independent assurance of controls and integrity of information processed by automated systems so that one can take any steps necessary to be confident that the books of accounts are providing a fair and accurate representation of its statutory compliances position. Like:-

  • Excise transactions (calculation of tax, input credit, tax payable, reconciliation, etc.)
  • VAT/CST (calculation of tax, input credit, tax payable, reconciliation, etc.)
  • Service Tax (calculation of tax, input credit, tax payable, reconciliation, etc.)
  • TDS (calculation of tax, tax payable, reconciliation, etc.)
  • Luxury Tax (calculation of tax, tax payable, reconciliation, etc.)
  • PF/ESI (calculation of tax, tax payable, reconciliation, etc.)

We carry out Statutory Compliance Assurance Services for an organization by re-computing all relevant data using ACL Analytics “ACL is a leading name in the audit & risk compliances and is being used by 89% of the fortune 500 companies, managing their audit & risk compliances”. This is to ensure that the organization is not losing any transaction/entries in books of accounts which may impact adversely later.

We help probe further to identify the loosing transactions and their root causes and we recommend corrective measures and other safeguards that, when implemented, should ensure that the tax due/ payable is accurately computed and captured in line with the stated tax position of the organization. After implementation, we conduct a review to achieve highest level of assurance that the statutory compliances are in line with organization’s adopted policies.

Statutory Compliance Assurance Service from trident provides an independent assurance of controls and integrity of information processed by automated and non-automated systems so that management is not only in the know but also assured of that its adopted tax positions are consistently applied across transactions in a consistent manner.

Please get in touch with us to know more how we can help you with our Statutory Compliance Assurance Service offering. Call on +91 11 6940 0449 or write to us at info@tridentinfo.com