Our Services

PCS service offerings have been organized into many Lines of Accounting & Tax Consultancy Services, each staffed with highly qualified, experienced professionals and leaders in our profession. These resources, combined with our leadership structure, allow us to provide the support you need, where you need it and when you need it.

We classify the areas of our SERVICE Broadly as:

ACCOUNTING :

Accounting being the core area of a business & industry, we understand its importance and consider as a back bone of any business enterprise. We classify the areas of accounting as:

1. Purchases & Payable accounting
2. Sales & Receivable accounting
3. Cash accounting with voucher preparation
4. Bank accounting with Reconciliation
5. Payroll accounting
6. Inventory accounting
7. Accounting for capitalization of Fixed assets
8. Fixed Assets & depreciation accounting
• Foreign exchange accounting
• TDS accounting as per Income Tax Act & Rules
• VAT accounting as per MVAT Act & Rules
• Excise accounting as per Central Excise Act & Rules
• Import & Export duty structure & accounting as per Customs Act & Rules
• Service Tax Accounting as per Service Tax Act & rules
• PF accounting as per Provident fund Act & Rules
• PT accounting as per MPT Act & Rules

INTERNAL CONTROL & SYSTEMS :

We assist clients with the internal control function, providing comprehensive internal control procedure which goes well beyond routine transaction testing with focus on the effectiveness of the internal control environment and risk management, process improvement, Cost Control mechanism. We classify the areas of internal control & systems as:

1.Implementing SYSTEM for maintaining of:

• Purchase Procedures including imports
• Stores Procedures
• Sales Procedures including exports
• All Direct & Indirect tax procedures
• Expenses Procedures
• Cash & Bank procedures
• Fixed Assets Register
• Various statutory Registrations & Licenses
• Employee procedures
• Debtors & Creditors management process

2. Implementation of INTERNAL CONTROLS :

• PURCHASES ( including IMPORTS) & PAYABLES
• SALES (including Exports) & RECEIVABLES
• INVENTORY MANAGEMENT
• FIXED ASSETS
• EXPENSES

DIRECT & INDIRECT TAX COMPLIANCE

Formulating effective strategies for optimizing taxes, implementing innovative tax planning ideas, and effectively maintaining compliance in the areas of Direct & Indirect taxes. We classify the areas of Direct & Indirect taxes as:

» Income Tax
» Value Added Tax
» Professional Tax
» Excise
» Service Tax

We assist & guide for the compliance of above Direct & Indirect Tax Laws as follows:
» Preparation of accounting records as per abovementioned Acts & Rules
» Preparation of tax payment challans as per abovementioned Acts & Rules as & when applicable
» Preparation of periodical returns as per abovementioned Acts & Rules
» MVAT Audit by VAT Departmental Authorities
» Service Tax Audit by Service Tax Departmental Authorities
» Excise Audit by Excise Departmental Authorities
» Preparation of returns for claiming refund of Service tax , Excise , Customs, TDS wherever applicable
» Preparation of applications & forms for exemption of Excise, Service Tax, Customs & Income Tax wherever applicable
» Statutory Audit under The Companies Act
» Tax audit under The Income Tax Act

STATUTORY COMPLAINCE UNDER VARIOUS ACTS

Providing assistance in the field of Statutory Compliances by planning out a reliable system which functions within the ambit of Statute and also effectively reduces tax incidence & clerical work. We classify the areas of Statutory Compliance as:

» PF (Provident Fund)
» ESIC (Employees State Insurance Corporation)
»MLWF (Maharashtra Labour Welfare Fund)
» Factory Act
» ROC (Registrar of Companies)
» Minimum Wages Act
» Maternity Benefit Act
» The Payment of Wages Act
» Payment of Gratuity Act
» Minimum House rent allowance Act
» Contract Labour Act
» Workmen's Compensation Act
» Employment Exchange Act
» Payment of Bonus Act

We assist & guide for the compliance of above Statutory Compliance as follows:
» Preparation of accounting records as per abovementioned Acts & Rules as & when applicable
» Preparation of all financial & statutory records as per The Companies Act & Rules as & when applicable
» Preparation of periodical returns as per abovementioned Acts & Rules as & when applicable
» Preparation of payment challans as per abovementioned Acts & Rules as & when applicable
» PF Audit & / inspections by Provident Fund Departmental Authorities
» ESIC Audit & / inspections by ESIC Departmental Authorities
» MLWF Audit & / inspections by MLWF Departmental Authorities
» Factory license Audit & / inspections by Factory Inspector & / Factory Act Departmental Authorities