SBS and Company LLP (“SBS”) is a Chartered Accountant Firm with its main office at Hyderabad, and a team of highly qualified and motivated professionals, offering integrated one-stop services and primarily focused on Transaction Advisory, Audit & Assurance, Management Advisory and Consulting, Direct Taxes including International Taxation and GST, Statutory Compliances, MSME, Corporate Laws, Investment and Organizational Structuring, Debt Equity Advisory Services, Foreign Exchange Laws and all RBI related matters.
To withstand the ever-increasing competition faced by Corporates and other entities, SBS aims at enhancing the economic well-being of an organization, in the vibrant/global economy coupled with increasing responsibilities/targets, by providing timely services as to changing laws both national and international arena, encompassing recommendations and implementation of new systems and services, thereby making an Organisation withstand the global competitors.
Our knowledgeable professionals, specialization, ability to work as a team and amazing grasp on the market and current trends has made us the most sought out consulting firm in the domain.
Our Team consists of qualified partners, competent associates and excellent working team, to build a stronger professional community in order to provide timely and required assistance to our clients. Our commitment towards excelling the methodologies has helped us in achieving higher customer satisfaction levels.
Our Mission is to provide reliable professional services with integrity, excellence and confidentiality in the system of our organization to meet our clients’ requests.
Our Belief in working closely with our clients as their strategic partners, understand current business environment, regulatory requirements in order to provide cost effective solutions and enhance business competitiveness.
Our Goal is to leverage the professional expertise of our team by sharing the best practices across industry, assist in developing a culture of good governance and proactive education and awareness to the clients and other stakeholders.The Team SBS
Started in August 2009, has attracted and handpicked the best-in-industry people. The Founder and Chairman cum Managing Partner Mr. Suresh Babu Sannareddy and Co-Founder & Designated Partner Mr. Murali Krishna Gottipati are accompanied by 10 reliable Partners, 2 Associates, 6 Other Professional Consulting Associates, and 60 staff members and interns. We have offices operating in Hyderabad, Bangalore, Tada (Sri City), Kurnool, Nellore, and Visakhapatnam to serve our clients in the best way.
TOPICS TO BE DISCUSSED Tax deducted at Source: On Sale of Immovable Property u/s 194IA. On Interest other than Interest on Securities u/s 194A
What are inter-state and intra-state supplies under GST? What is their relevance? GST is a levy on supply of goods or services. To levy GST, supplies are categorised in two viz inter-state supplies (supplies from one state to another) and intra-state supplies (supplies within the state).
Overall Scheme of Valuation under GST: The value of supply of goods or services or both shall in general be the transaction value i.e. the price actually paid. In cases where consideration is non-monetary or supplies between related persons, offices/units of same entity located in different states, value shall be determined in the prescribed manner.[…]
Applicability of this document: This document on GST is applicable to all Micro, Small and Medium Enterprises having turnover up to Rs. 1.5 Crore.
What is Input Tax Credit under GST? GST is a value added tax where the tax paid by a supplier on all goods or services procured for further supply of goods or services by him shall be available as input tax credit (ITC),
What is Advance Ruling? Advance ruling a mechanism prescribed under a taxing statute to seek clarity on applicability of respective tax.
Brief about GST Applicability of Goods and Services Tax
What is Composition Scheme under GST? Composition scheme under GST is an optional levy provided to the manufacturers,