Corporate Solutions

SHOBI offers end to end accounting solution right from invoice processing, cheque writing to reporting and liaising for various audits. We can manage your Finance & Accounting (F&A) processes by:

• Setting up company and complete accounting systems.
• Managing the preparation and signing of cheques.
• Liaising with banks and Auditors.
• Book-keeping and general ledger management.
• Accounting and reporting.
• Preparing year-end financial statements.
• Reporting to parent companies.

We ensure companies can operate even without any support staff for related functions which is major avenue to save cost . As financial documentation that backs an accounting statement, accounting data serves as a barometer for several functions like strategic planning, tax planning and compliance, secretarial compliance and compliance compatible with requirements of other regulatory authorities. The efficacy of several decisions rests with the quality of accounting data available. Therefore, an empirical study of the role of accounting data in performance evaluation serves as a rallying point for decision-makers of the company.

As businesses expand their operations, there is an increased focus on good governance and risk management in order to protect and create value for all stakeholders. Good corporate governance, strong risk management policies and a comprehensive compliance framework provide accurate and timely information to the management; thus, adding business value by improving operational decision-making and strategic planning. We review an organisation’s existing governance policy and help strengthen it. Alongside, every organisation has various risks that must be assessed and managed in order to meet its goals and objectives. We assist the management in identifying and assessing gaps with respect to external, internal, regulatory and compliance risks in critical processes. We then help design systems to mitigate such risks and monitor progress. Compliance with applicable laws and regulations must also be ensured. In addition, with increasing frauds in the business world, forensic reviews play an important role in monitoring and responding to potential risks. With access to forensic technology, we employ creative thinking and intelligent software to come up with future trends, analytics and actionable intelligence. We also support organisations in identifying the root cause, impact and perpetrators of fraud.

SHOBI has a team of experienced senior bankers and we ensure seamless and smooth processing of all your cross border transactions at most competitive rates on conversion and Trade services. We will directly involve in negotiation with banks for your transaction. EDPMS- Export Data Processing & Monitoring System ensures and end to end processing solutions of your export documents which include routing it from Exporters premises to Banks for final processing after completion of formalities as per the Banks requirements. Form verifying data with RBI's EDPMS file to matching Inward Remittances with Shipping bills (Overseas party wise),we have Software Solutions capable of transferring data as per Bank's need for onward uploading to EDPMS.

Indian taxation system has a complex structure of Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the living standards of its citizens. The authority of the government to levy tax in India is derived from the Constitution of India, which allocates the power to levy taxes to the Central and State governments.
Two types of taxes:-Direct Tax and Indirect Tax
The Goods and Services Tax (GST) is the largest reform in India’s indirect tax structure since the market started opening up about 25 years ago. The GST is a consumption-based tax, as it is applicable where consumption takes place. The GST is levied on value-added goods and services at each stage of consumption in the supply chain. The GST payable on the procurement of goods and services can be set off against the GST payable on the supply of goods and services.The merchant will pay the applicable GST rate however he can claim it back through the tax credit mechanism.

SHOBI Tax Compliance Services can help you manage your tax and reporting obligations, including those associated with Corporate Income Tax (CIT), Value Added Tax (VAT), Goods and Services Tax (GST) and withholding tax (WHT) responsibilities by:

• Registration –Smooth registration with the local authorities.
• Calculation – Calculating CIT, returns VAT, GST and other relevant taxes.
• Submission – Preparation and submission of tax returns to local authorities.
• Payments – Processing of tax liability payments.
• Tax audits – Management of tax audits (as applicable), guiding you through the process and facilitating with relevant authorities.
• Local knowledge – Offering direct access to our local experts, enabling greater understanding of local taxes, notices and assessments.

Setting up of Joint Venture Company in India.
Opening of Liaison and branch offices in India.
Drafting of foreign collaboration / joint venture / technology transfer agreement etc.
Liaising with Reserve Bank of India / Secretariat of Industrial Approvals / Foreign Investment Promotion Board – obtaining necessary approvals Obtaining permissions from Reserve Bank of India under FEMA.

ECB is one of the instruments through which commercial loans can be availed from Foreign sources. It is governed by Foreign Exchange Management Act Guidelines for Borrowing. SHOBIans are well versed with FEMA guidelines and quite capable of processing ECB transactions and getting LRN from RBI.

Companies entering India through Subsidiary or Joint Venture or vice versa route will have equity partnership from parent company which requires enhanced due diligence at the time of receipt of funds and regulatory compliance.Our dedicated team will handle such transactions and ensure seamless processing on this with best possible turnaround time.