Statutory Accounting
Your Compliance Partner
Accounting synced with GST and TDS laws. Professional statutory accounting ensures total legal compliance, audit readiness, and accurate financial reporting for growing enterprises.
Statutory Overview
Accounting is the base for all tax filings. We ensure your accounting matches your GST and TDS data perfectly.
This preventive accounting approach identifies mismatches before the department does, saving you from future penalties.
Our specialists verify the taxability of every entry as it is recorded in your books.
Statutory accounting is more than just maintaining books; it is about ensuring that every financial record adheres to the specific legal standards and frameworks applicable to your entity type. At Compliance Katta, we provide a rigorous vetting process that aligns your financial reporting with the Companies Act, Income Tax Act, and GST laws, providing you with a unified and accurate view of your business integrity.
Eligibility & Applicability
Official Mandate Under Law
Statutory accounting is a legal mandate for all Companies (Pvt Ltd, Public, OPC) and Limited Liability Partnerships (LLPs). It is also applicable to Partnership Firms and Proprietorships that cross the turnover thresholds for statutory audits or those requiring formal financial reporting for stakeholders and financial institutions.
Documentation Checklist
Financial & Bank Records
- ✓Bank Statements for all accounts
- ✓Sales Invoices & Purchase Bills
- ✓Expense Vouchers & Cash Receipts
- ✓Debit/Credit Note registers
Asset & Statutory Data
- ✓Fixed Asset Register with depreciation details
- ✓Statutory Registers and Minute Books
- ✓Previous year's Audited Financial Statements
- ✓Investment proofs and loan sanction letters
Tax Compliance Data
- ✓GST Return data (GSTR-1, 3B, 2B)
- ✓TDS/TCS payment challans and returns
- ✓Income Tax computation files
- ✓Advance Tax payment proofs
Our Execution Roadmap
Data Collection & Preliminary Review
Systematic gathering of all primary financial documents and previous filing records.
Reconciliation & Ledger Scrubbing
Deep reconciliation of bank accounts and ledgers to ensure zero data gaps or duplicate entries.
Preparation of Financial Statements
Drafting of Profit & Loss accounts, Balance Sheets, and Cash Flow statements as per applicable Accounting Standards.
Compliance & Tax Alignment
Cross-verifying accounting data with GST and TDS returns to ensure absolute statutory synchronization.
Final Review & Audit Preparation
A comprehensive quality check by senior consultants to ensure books are 100% ready for statutory audits.
Reporting & Presentation
Issuing finalized financial reports to the management along with compliance health insights.
The Katta Advantage
We provide actionable intelligence, not just document processing.
Why Choose Compliance Katta
Uncompromising Accuracy
Identifying data vetting errors others overlook.
Process-Driven Approach
Eliminating guesswork with structured roadmaps.
Proactive Risk Shield
Identifying statutory gaps before they manifest.
Seamless Coordination
Working as an extension of your existing staff.
End-to-End Handling
Taking full ownership of your legal obligations.