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Income Tax return filing Consultants

Simplify Your Taxes with Expert Help - Hire a Tax Professional Today!

Navigating the complexities of taxes and FBR Registration can be overwhelming. Let our experienced tax professionals handle it for you. From personal income tax to business filings, we offer comprehensive services to ensure accuracy and maximize your returns.

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Welcome to Your Trusted Tax Filing Consultant

Navigating the complexities of tax filing can be challenging. That’s where we come in. Our experienced team is here to help you with all your income tax filing needs, ensuring a smooth and stress-free process. Whether you’re an individual or a business, our comprehensive services cover everything from income tax return filing to FBR registration and business registration.

Why Choose Us for Your Tax Filing Needs?

1. Expertise in Income Tax Filing: Our tax professionals are well-versed in the latest tax laws and regulations, ensuring your income tax filing is accurate and compliant. We work diligently to maximize your deductions and minimize your liabilities, giving you the best possible outcome.

2. Seamless Income Tax Return Filing: Filing your income tax return doesn’t have to be a hassle. With our streamlined process, we make sure your tax returns are filed correctly and on time. Our team will guide you through each step, answering any questions and providing clear instructions.

3. Comprehensive Tax Returns Services: We offer a full range of tax returns services tailored to meet your specific needs. Whether you’re filing as an individual, a partnership, or a corporation, our experts will ensure that all your tax documents are prepared and submitted accurately.

4. FBR Registration Made Easy: Registering with the Federal Board of Revenue (FBR) can be a daunting task. Our consultants are here to simplify the process. We handle all the paperwork and administrative details, so you can focus on what you do best – running your business.

5. Business Registration Services: Starting a new business? We provide end-to-end business registration services, from obtaining necessary licenses to setting up your company’s tax structure. Let us help you get your business off the ground smoothly and efficiently.

Our Services

  • Income Tax Filing: Ensure your income tax returns are filed accurately and on time.
  • Income Tax Return Filing: Comprehensive services for individuals and businesses.
  • Tax Returns Preparation: Detailed preparation and submission of all tax documents.
  • FBR Registration: Hassle-free registration with the Federal Board of Revenue.
  • Business Registration: Complete assistance with starting and registering your new business.

How It Works

  1. Initial Consultation: Schedule a free consultation with our tax experts to discuss your needs and understand your unique situation.

  2. Document Collection: Gather and submit all necessary documents and information for your tax filing and registration.

  3. Preparation and Filing: Our team will prepare your tax returns, ensure compliance with FBR regulations, and handle all filing processes.

  4. Review and Submission: Review the prepared documents with you for accuracy before final submission to the relevant authorities.

  5. Follow-Up: We provide continuous support and follow-up to address any queries or concerns you may have.

Contact Us

Ready to simplify your tax filing and business registration? Contact us today to schedule your free consultation and let our experts take the stress out of your tax and registration processes.

Income Tax Return Filing Services

Amidst stringent government policies and regulations, absolute compliance with Pakistan’s taxation system has become imperative. GNS Law Associates is a consortium of professional tax consultants in Karachi and tax lawyers in Islamabad. Our expertise extends beyond mere tax consultancy; we actively assist in tax deduction and ensure favorable conditions for you. This allows you to channel your energy and time into core business activities.

Our team of tax lawyers specializes in providing comprehensive tax consultancy services to individuals, salaried individuals, associations, companies, and non-profit organizations (NGOs). We undertake a thorough analysis of your accounting books, prepare your Income Statement, make necessary amendments if required, and finalize the Income Statement. Upon completion of the process, we diligently document the Return of Income after discussions and obtaining approval from the client.

As a one-stop solution, GNS Law Associates specializes in Tax Consultation, catering to a diverse clientele, including Business Individuals, Salaried Individuals, AOPs, and Companies. Our comprehensive range of services spans from completing tax returns under corporation tax and self-assessment to complex consultancy assignments and strategic tax planning. Our industry-specific knowledge encompasses financial services, leisure, retail, sport, high-growth companies, manufacturing, automotive technology, communications, public sector, and utilities.

In our capacity as a law firm, we handle cases across various legal forums, including Mediations, Arbitrations, Trial Courts, Appellate Tribunals, High Courts, and the Supreme Court. Offering complete legal guidance in accordance with applicable laws, we extend our consultancy services to clients in Pakistan and overseas. Our lawyers possess exclusive expertise in registering public limited companies in Pakistan and provide comprehensive support post-registration. 

Sales Tax

The Goods and Services Tax (GST) is levied on the sale and supply of services, goods, and on imported goods within Pakistan. The Federal Government of Pakistan determines the sales tax rates under The Sales Tax Act, 1990. The Pakistani government has imposed taxes on the sales of specific services and goods. Business owners collect a fixed amount of tax from purchasers of services/goods, which is then remitted to the government. It is the responsibility of every business owner to ensure timely tax payment; failure to do so may result in penalties imposed by the government. According to the 2018-2019 budget, the tax on supplies for unregistered individuals is currently set at a rate of 2%, in addition to the standard tax rate of 17%. The Finance Bill proposes an increase in the rate of this additional tax to 3%.

Sales Tax Registration Services

Mandatory tax registration applies to the following categories:

  1. All importers are required to register with the tax department.
  2. Distributors, goods dealers, and wholesalers.
  3. Manufacturers of products, excluding those in the cottage industry. (Cottage industry refers to a sector with an annual turnover below Rs. 5 million and annual utility bills below Rs. 600,000.)
  4. Retailers with a value in goods exceeding 5 million rupees in the tax period over the last year.
  5. Service providers, including hotels/restaurants, shipping, logistics, customs agencies, etc.
  6. Manufacturers of zero-rated supplies.

Sales Tax Returns Filing Services

Taxpayers are required to provide details of financial transactions, including tax liability, within a specific tax period through a document known as the Sales Tax return. This return form includes the taxpayer’s declaration for the designated tax period, outlining both input and output tax details at the prescribed tax rate. If the input tax surpasses the output tax, the return also accounts for claimed refunds or additional input tax.

Taxpayers can file their Tax returns at different intervals, either monthly, annually, or quarterly, as outlined below:

Sales Tax Return Filing – Monthly:

The monthly tax return is submitted on the 15th day of the subsequent month following the period when supplies were generated, following the standard procedure. Tax returns can be paid at branches of the National Bank of Pakistan.

Sales Tax Return Filing – Yearly:

Any public (unlisted or listed) or private company can file the yearly sales return. Companies are required to document the tax return for a financial year by the 30th of September in the subsequent fiscal year.

Sales Tax Return Filing – Quarterly:

Commercial importers, engaged in importing taxable goods for trading purposes without using them for manufacturing, can file tax returns on a quarterly basis.

Are You Looking for Filing Tax Return or Tax Registration?

In striving to meet your taxation needs, GNS Law Associates offers a comprehensive range of tax services, 

including:

  • Registration of Tax (acquiring Sales Tax Registration Number – STRN)
  • Preparation and filing of periodic sales tax returns
  • Monthly Tax Statement Preparation
  • Management of tax records and bookkeeping
  • Assistance and Advisory in the claim for adjustment of output and input taxes
  • Handling tax exemptions
  • Conducting tax audits
  • Representation on the client’s behalf before sales tax authorities
  • Resolution of tax issues and disputes
  • Auditing existing corporate clients’ systems and providing advisory services to prevent penalties and tax assessments
  • Assistance in Tax Refunds
  • Strategy development for client’s tax cost reduction

At GNS Law Associates, our professional tax consultants stay updated on active developments and new regulations in the country’s taxation scheme. Given the complexity of tax laws and reforms, staying informed is crucial to avoid penalties and business losses. Our professional tax consultants guide you through the taxation system, assist in registering with the sales tax department, and take on the responsibility of documenting your periodic tax returns.

Beyond tax registration and return filing, we specialize in National Tax Number Registration and Income tax return filing. Contact us now to consult with our professional tax experts in Karachi for further guidance and excellent tax consultancy services.

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