The Benchmark Consultants

Zomato, India’s food and quick-commerce giant, has raised Rs 8,500 crore through a QIP, even with Rs 10,800 crore in cash reserves. Why now?(More Detailed information attached) The answer lies in the aggressive expansion of competitors like Swiggy and Zepto. Zomato’s QIP ensures it has the financial muscle to keep up. Despite a 300x PE ratio, investors remain bullish due to Zomato’s strategic focus on growth and profitability, backed by strong cash reserves. Navigating capital-intensive markets and balancing shareholder expectations requires more than just raising funds—it demands astute financial planning, compliance adherence, and long-term growth strategies. At The Benchmark Consultants, we specialize in helping businesses like yours optimize financial structures, manage stakeholder relationships, and comply with complex regulations. Whether you're raising capital, evaluating asset utilization, or planning strategic expansions, our expertise ensures you’re positioned for sustainable success. Just as Zomato leverages its cash reserves to stay ahead, we empower you to make bold, data-driven decisions to outpace the competition. #Finance #QuickCommerce #Zomato #GrowthStrategy #TheBenchmarkConsultants

Save Money & Avoid Penalties with Smart Advance Tax Planning! 💡💰 Are you ready to take charge of your taxes and avoid unnecessary penalties? 💸 Why Plan for Advance Tax? Avoid hefty penalties under Sections 234A, 234B, and 234C Save on interest charges (up to 1-2% per month!) Prevent unexpected financial burdens at year-end Advance Tax: Your Financial Shield ✔️ Installment Dates: June 15- 15% September 15- 45% December 15- 75% March 15- 100% ✔️ Spread out your liability, avoid last-minute stress, and stay compliant! Exemptions to Note ✅ Senior citizens (60+) with no business income ✅ Individuals with total tax liability under ₹10,000 Take the Guesswork Out of Tax Planning 🔍 Consult a Chartered Accountant for: 1) Personalized tax strategies 2) Maximizing legal savings 3) Ensuring full compliance 🎯 Start Early for Maximum Benefits! Keep accurate records, stay informed about regulations, and make taxes work for you. 👉 Ready for a personalized tax consultation? Drop a comment below or send a message to get started! #TaxPlanning #AdvanceTax #SaveMoney #Compliance #Finance #accounting

🚀 "Building NextGen CAs – A Startup Breakthrough Event" 🚀 Join us on 18th October 2024 for a startup event designed to ignite the entrepreneurial spirit in Chartered Accountants! 🎯 🔹 The Visionary CFOs: CFO Insights for Start Up Success 🔹 Elevate Your Funding Journey: Turning Ideas into Investments 🔹 The Founders’ Formula: Mastering the Art of Entrepreneurship 📍 Venue: Constitution Club of India 🕒 Time: 6:00 PM Onwards ⏳ Limited seats available! RSVP by registering at https://shorturl.at/2QcFo to secure your spot! Join us as we inspire, connect, and empower a dynamic community of future leaders in the startup world.

Protect Your Brand's Future: The Benefits of Trademark Registration Dear fellow entrepreneurs and business owners, Have you considered registering your trademark? It's crucial to protecting your brand identity and securing your business's future. Let's explore why trademark registration is important and how to get started. Key Benefits of Trademark Registration: 1. Legal Protection: Gain exclusive rights to your brand identity, allowing you to prevent others from using similar marks that might confuse customers. 2. Enhanced Credibility: A registered trademark signals professionalism and commitment to your brand, building trust with clients and partners. 3. Asset Value: Your trademark becomes a valuable business asset, potentially increasing in worth as your brand grows. 4. Business Focus: With your brand protected, you can concentrate on core business activities with greater peace of mind. 5. Manageable Process: While it may seem complex, the registration process can be navigated step-by-step with proper guidance. Taking the Next Steps We understand that starting the trademark registration process might feel daunting, but remember: every successful brand began this journey at some point. Why not take that first step today? Here's how you can begin: 1. Conduct a preliminary trademark search 2. Consult with a trademark professional 3. Prepare and file your application We're here to support you throughout this process. If you have any questions or concerns, please don't hesitate to reach out in the comments below. Let's work together to protect the brand you've worked so hard to build. Your brand's future is bright – let's ensure it stays that way! #BrandProtection #TrademarkRegistration #BusinessGrowth #EntrepreneurshipTips P.S. Remember, investing in trademark registration today can save you significant time, money, and stress in the future. Your brand deserves this protection!

🏢 Comprehensive Guide: Changing Your Registered Office 📋 Is your business growing? Relocating? Understanding the process of changing your registered office is crucial. Let's dive into the requirements, including key provisions from Section 12 of the Companies Act 2013: 1. 📜 Legal Framework: Section 12 of Companies Act 2013   - Mandates every company to have a registered office from commencement of business   - Requires all communications and notices to be addressed to the registered office   - Stipulates notification to the Registrar about the registered office within 30 days of incorporation 2. 📝 Board Resolution Requirement   - Mandatory for ALL changes, whether within the city or elsewhere 3. 🏙 Within the Same City   - Pass a board resolution   - File Form INC-22 with Registrar of Companies (ROC) within 15 days 4. 🌆 Outside the City but Within the State   - Special resolution required at an Extraordinary General Meeting (EGM)   - File Form INC-22 with ROC post-resolution   - Notify ROC within 30 days of the change 5. 🗺 Between Different ROC Jurisdictions (Same State)   - Obtain approval from regional director   - Submit public notice of the change   - Complete ROC filing within specified deadlines 6. 🌍 Changing to a Different State   - Central Government approval required via Form INC-23   - Apply within 60 days of intended change   - After approval, file Form INC-22 with ROC within 30 days Key Points to Remember: - Always inform the Regional Director within 30 days of the change - ROC confirmation typically comes within 30 days of application - Essential documents: Board/special resolutions, ROC notices, compliance confirmations - Section 12 requires the company name to be displayed prominently at the new registered office Compliance is critical! Adhering to these guidelines ensures your company stays in line with the Companies Act 2013 and avoids penalties. Growing your business is exciting, but don't let compliance slip through the cracks. Ensure your registered office change is handled correctly! Do you have any questions about this process or need help navigating Section 12 compliance? Let's connect and discuss! #CompanyCompliance #RegisteredOfficeChange #CompaniesAct2013 #Section12 #CorporateGovernance #ROCCompliance #BusinessGrowth #LegalCompliance

Let’s Talk: The New GST Amendments Some significant developments from the recent 54th GST Council Meeting chaired by our Finance Minister, Nirmala Sitharaman.  Rate Adjustments: The proposed changes to GST rates for various goods and services  1. Increased Tax on Car and Motorcycle Seats: The GST on car seats has been raised from 18% to 28%, aligning it with motorcycle seats. This change may affect vehicle pricing for consumers. 2. Flying Training Course Exemption: GST has been exempted from approved flying training courses by DGCA-approved organizations, providing financial relief for aspiring pilots. 3. Metal Scrap Supply Under RCM: Introducing the Reverse Charge Mechanism for metal scrap supplied from unregistered to registered persons ensures enhanced tax compliance. 4. Education Sector Relief: GST exemptions for universities and educational institutions, recognized under the Income Tax Act, are aimed at reducing financial burdens on research and development services. 5. Cancer Drug GST Reduction: To enhance healthcare accessibility, the GST on cancer medications has been decreased, reflecting the government's commitment to consumer welfare. 6. Commercial Property Rental Changes: With the reverse charge mechanism applied to renting commercial properties, registered tenants are now responsible for remitting GST, impacting certain business operations. 7. Online Gaming Sector Insights: The council discussed the rapidly growing online gaming sector and potential taxation strategies, indicating the government’s interest in regulating and benefiting from this revenue source. 8. Reduced GST on Pilgrimage Helicopter Services: GST on helicopter services for religious travel has been reduced to 5%, making it more accessible for devotees. Simplified Compliance: Great news for businesses! The Council is pushing for simpler compliance processes, making life a little easier for taxpayers and enabling smoother business operations. Flexible Filing Timelines: Say goodbye to deadline stress! Adjustments to filing periods were discussed, giving taxpayers more breathing room to get their returns in on time. Boost for Digital Payments: In line with India’s digital-first approach, the Council is encouraging digital transactions, paving the way for more transparency and efficient tax collection. These amendments demonstrate the government's responsiveness to business needs and changing economic realities. However, they also add another layer of complexity to an already intricate system. If you’re in any industry affected by these changes, it’s time to prepare your strategies accordingly! 📈  Let’s keep the conversation going! What are your thoughts on these changes? #GST #TaxReform #Healthcare #Innovation #Education #DigitalTransformation #BusinessUpdates #EconomicGrowth

Exciting Update for GST Taxpayers: New Invoice Management System (IMS) Launching October 1st 2024! 🚀 The GST Network is introducing a game-changing feature to streamline Input Tax Credit (ITC) processes and enhance invoice management. Here's what you need to know: 🔹 Review and Manage Invoices: Accept, reject, or keep invoices pending directly on the GST portal. 🔹 Enhanced ITC Ecosystem: Only accepted invoices will appear in your GSTR-2B as eligible ITC. 🔹 Real-time Updates: See invoices as soon as suppliers save them in GSTR-1/IFF/1A. 🔹 Flexible Timeline: Take action on invoices until you file your GSTR-3B. 🔹 Supplier Visibility: Suppliers can see actions taken by recipients on their invoices. 🔹 Automated Processing: No action? Invoices are "deemed accepted" when GSTR-2B is generated. 🔹 QRMP Taxpayer Support: Special considerations for quarterly return filers. This new system promises to improve accuracy, reduce disputes, and give you more control over your ITC claims.  Stay tuned for more details and prepare to leverage this powerful tool for your business! #GSTUpdate #TaxCompliance #BusinessFinance #DigitalIndia #finance

Important Updates in GST Return Filing Process: Key Changes Effective August 2024 Businesses need to be aware of the following changes in the GST return filing process, effective from August 2024: 1. Inter-State B2C Supplies Reporting: All inter-State B2C supplies with a value exceeding ₹1 lakh must now be reported. This change applies to invoices raised post-August 1, 2024, and must be reported in GSTR-1 by September 11, 2024. [Notification No. 12/2024-Central Tax] 2. Negative Liability in GSTR-3B: Reporting of negative liability in Table 3 of GSTR-3B is now required. Any negative liability will automatically adjust in the following month's return. [Notification No. 12/2024-Central Tax] 3. Mandatory Bank Account Validation: Validation of bank accounts is now compulsory. Failure to add and validate your bank account will result in the blocking of Form GSTR-1/IFF. 4. Activation of Forms GSTR-9 & 9C: Expect Forms GSTR-9 and 9C to become active on the portal soon. 5. RCM ITC Opening Balance Reporting: Ensure that the ‘RCM ITC Opening Balance’ is reported before November 30, 2024. The opening balance as of October 31, 2024, can be reported. [GSTN Advisory dated August 23, 2024] Staying compliant with these updates is crucial for seamless GST return filing. Stay informed and ensure your business is prepared! #GST #TaxCompliance #BusinessUpdates #GSTReturns #TheBenchmarkConsultants

🚀 Mergers & Acquisitions: Unlocking Growth Potential with Expert Accounting Support 📊 In the dynamic business world, mergers and acquisitions (M&A) offer incredible growth opportunities. But as with any complex process, M&A comes with its own set of challenges. This is where we play a crucial role. Let's explore how these financial experts can guide businesses through the M&A maze: 🔍 Due Diligence Accounting firms are invaluable in conducting thorough financial due diligence. We: Analyze financial statements Identify potential risks and liabilities Validate reported earnings and cash flows Uncover hidden financial issues 💰 Valuation Expertise Determining the right price for a merger or acquisition is critical. we: Provide objective company valuations Assess the target company's assets and liabilities Evaluate potential synergies and cost savings 🧩 Integration Planning Post-merger integration is where many M&As stumble. We help by: Developing comprehensive integration plans for financial systems Identifying potential cost synergies and efficiencies Advising on harmonizing accounting policies and procedures 📊 Financial Reporting and Compliance Navigating the complex world of M&A reporting is a specialty of accounting firms. We assist with: Preparing pro forma financial statements Ensuring compliance with accounting standards (GAAP, IFRS) Managing regulatory filings and disclosures 🌐 Tax Strategy M&As can have significant tax implications. We provide expertise in: Structuring deals for optimal tax efficiency Identifying potential tax risks and opportunities Advising on cross-border tax implications 🛠 Post-Merger Support The work doesn't end when the deal closes. We offer ongoing support: Implementing new financial controls and processes Assisting with financial system integration By leveraging the expertise of accounting firms, businesses can navigate the complexities of M&A with greater confidence. From initial valuation to post-merger integration, these financial experts ensure M&A success. Have you been involved in an M&A process? What challenges did you face, and how did financial expertise help overcome them? Share your experiences in the comments below!

🚨 Income Tax Refund Delays Ahead: What You Need to Know! 🚨 A lot of our clients are asking for the reasons for the delay in ITR processing ( Read as Tax Refund 🤪). This year, taxpayers should expect delays in receiving their income tax refunds. The government has introduced a strict new AI-based system to thoroughly scrutinize Income Tax Returns (ITRs) before processing. Here's how it works: 🧑💻 Advanced AI for Comprehensive Examination: 1️⃣ Data Collection &Cross-Referencing: The AI gathers and cross-checks data linked to your PAN and Aadhaar, ensuring all transactions match the declared bank accounts. 2️⃣ In-Depth Financial Analysis: It delves into your financial activities, including fixed deposits, share transactions, and even undeclared accounts. 3️⃣ Property & Transaction Verification: Your property deals, credit card transactions, and even passport records are under review. 🔍 Comparison with Filed Data: The AI will compare all collected data against your ITR to identify any discrepancies. If inconsistencies are found, a demand notice under Section 143(1) will be issued. 🚦 Impact on Refunds: Due to this meticulous process, ITR processing will be delayed. 📌 Advice: Ensure your ITR is accurate and complete to avoid any issues during this strict verification process. #TaxSeason #IncomeTax #AI #TaxRefunds #TheBenchmarkConsultants